Examples of Required Contribution in a sentence
The Required Contribution amount will be calculated based on the number of Participants and Beneficiaries that are shown in the Trust’s (or the Carrier’s) enrollment records at the time of calculation.
You will be deemed to have accepted the terms of this Participation Agreement by the payment of any Required Contribution and the acceptance of coverage for Eligible Employees and their Dependents.
The Trust reserves the right to change the schedule of Required Contribution amounts at any time if such amount was determined based on a material misrepresentation that resulted in the rates being different than they would have been without such material misrepresentation.
Upon any termination of coverage under the Plan, You are and will remain liable to Us for the payment of any and all Required Contributions and Service and Access Fees that are unpaid at the time of termination, including a pro rata portion of the Required Contribution and Service and Access Fee for any period this Participation Agreement was in force during the grace period preceding the termination.
The first Required Contribution and Service and Access Fee is due and payable on or before the effective date of coverage.