Regular Premium Contract definition

Regular Premium Contract means Unit Linked Insurance Plan where the premium payment is level and paid in regular intervals like yearly, half- yearly or monthly.
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Regular Premium Contract means that the policyholder is allowed to pay premiums on specified periods of time during the period of contract, where the premium amount is fixed in advance.
Sample 1

Related to Regular Premium Contract

  • Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.