Subsequent Contract Period definition
Examples of Subsequent Contract Period in a sentence
The Agreement, and the coverage provided under the Agreement, will automatically renew after the end of the Initial Contract Period or any Subsequent Contract Period unless it would otherwise terminate in accordance with Section XIII of this Group Enrollment Agreement.
Upon expiry of the Committed Period this Contract will automatically continue for the Subsequent Contract Period unless and until terminated under clause 11 or 13.
If the Group continues to be eligible for small group coverage and is not otherwise terminated in accordance with Section XIII of this Agreement, the Agreement, and the coverage provided under the Agreement, will automatically renew after the end of the Initial Contract Period or any Subsequent Contract Period.
Enrollment - In the event that a Member enrolls hereunder on or before The fifteenth (15th) day of the month, Group agrees to remit to Atlantis on or before the next Premium Due Date a Total Monthly Premium for such Member for the month in by Atlantis of the new Premium Rates for the Subsequent Contract Period, after which period the new Premium Rates will go in to effect.
Under no circumstances shall Atlantis' failure to provide forty-five (45) days advance notice of new Premium Rates obligate Atlantis to continue coverage for the Group beyond the end of the Initial Contract Period or a Subsequent Contract Period as the case maybe.
Subsequent Contract Period: At any time, with a 24[45-day] prior written notice, We may change the Premium Rate Schedule for any Subsequent Contract Period as follows: • Upon the renewal of the Agreement; or • When a change required by statute or regulation that increases Our risk under the Agreement.
As additional incentive compensation for the services to be rendered by the Executive pursuant to this Agreement, beginning with the first Subsequent Contract Period, the Executive shall be eligible each year during the Employment Period to receive a bonus (the “Annual Performance Bonus”).
If we do not hear from you, upon expiry of the Committed Period or the then current Subsequent Contract Period (as the case may be) the Contract will automatically continue for the next Subsequent Contract Period unless and until terminated under clause 8.
The Salary will be reviewed by the Board of Directors or Compensation Committee of the Employer not later than June 1, 2007, and not less frequently than annually thereafter prior to the commencement of each Subsequent Contract Period.
Subsequent Contract Period: At any time, with a 24[30-day] prior written notice, We may change the Premium Rate Schedule for any Subsequent Contract Period as follows: • Upon a Premium Rate increase under this Agreement; • Upon the renewal of the Agreement; or • When a change required by statute or regulation that increases Our risk under the Agreement.