Premium Expenses definition

Premium Expenses or "Premiums" means the Participant's cost for the Benefits described in the Section titled: "Benefit Options".
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Premium Expenses or “Premiums” means the Participant’s cost for the Insurance Benefits described in the Employer’s Adoption Agreement.
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Premium Expenses or "Premiums" means a Participant's cost for insured Benefits described in Section 5.4.
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Examples of Premium Expenses in a sentence

  • Amounts designated for the Participant's Premium Expense Reimbursement Account shall likewise be credited to such account for the purpose of paying Premium Expenses.

  • Benefits under the Plan shall be financed by Salary Redirections sufficient to support Benefits that a Participant has elected hereunder and to pay the Participant's Premium Expenses.

  • Subject to the provisions of the section titled "Employer Contributions," benefits under the Plan shall be financed by Salary Redirections sufficient to support the benefits that a Participant has elected hereunder and to pay the Participant's Premium Expenses.

  • With regard to Benefits available under the Plan for which no Premium Expenses apply, any Participant who fails to complete a new benefit election form pursuant to Section 5.2 by the end of the applicable Election Period shall be deemed to have elected not to participate in the Plan for the upcoming Plan Year.

  • With regard to Benefits available under the Plan for which Premium Expenses apply, any Participant who fails to complete a new benefit election form pursuant to Section 5.2 by the end of the applicable Election Period shall be deemed to have made the same Benefit elections as are then in effect for the current Plan Year.

  • With regard to Benefits available under the Plan for which no Premium Expenses apply, any Participant who fails to complete a new benefit election pursuant to the Section titled: "Subsequent Annual Elections" by the end of the applicable Election Period shall be deemed to have elected not to participate in the Plan for the upcoming Plan Year.

  • With regard to Benefits available under the Plan for which Premium Expenses apply, any Participant who fails to complete a new benefit election pursuant to the Section titled: "Subsequent Annual Elections" by the end of the applicable Election Period shall be deemed to have made the same Benefit elections as are then in effect for the current Plan Year.

  • Supplemental Premium Expenses are expenses incurred by a Participant which are defined as premiums paid for on a post-tax basis.

  • The minimum annual benefit amount that a Participant may elect to receive under this Plan in the form of reimbursements for Supplemental Premium Expenses incurred in any Period of Coverage shall be $0 unless otherwise specified in Section IV Component Options – SPA Component, “What are the benefits that I may elect under the SPA Component?”, of the Summary Plan Description.

  • PSA will issue a reimbursement to the Participant from the Participant’s SPA Account for Supplemental Premium Expenses incurred during the Plan Year for which the Participant submits documentation in accordance with this Section 9.09.


More Definitions of Premium Expenses

Premium Expenses or "Premiums" meansthe Participant'scost for the Benefitsdescribed in the Section titled: "Benefit Options".
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Premium Expenses or “Premiums” mean the Participant’s cost for the insured Benefits described in Section 4.1.
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Premium Expenses or “Premiums” means the Participant’s cost for the Insurance Benefits described in the Employer’s Adoption Agreement or the actual cost of privately held insurance policies purchased in the names of specific Participants.
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Related to Premium Expenses

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting, and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.