Advancement of Premium Sample Clauses

Advancement of Premium. Upon the failure of any Employer to make the required Contributions when due hereunder, the Directors shall have the right and power to pay or provide for payment from the Plan of the premiums necessary to provide the Benefits hereunder to an eligible or the eligible Employees of such delinquent Employer, but the Directors shall not be obligated, either to said Employees or said Employer, to make or provide such payments, and Directors shall incur no liability whatsoever, either individually or collectively, for their failure or refusal to do so. In the event such payments are made by the Directors from the Plan on behalf of a delinquent Employer, the Plan shall be reimbursed by said Employer for such payments, and the fact that the Directors may have made such payments shall not alter or diminish the obligations of such Employer or the rights of the Directors under this Article.
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Advancement of Premium. Upon the failure of any Producer to make the required contributions when due here- under, the Trustees shall have the right and power to pay or provide for payment from the Health Fund of any premiums necessary to provide the benefits under the plan of benefits adopted pursuant hereto for the eligible Writers of such ▇▇▇▇▇- ▇▇▇▇▇ Producer, but the Trustees shall not be obligated, either to said Writers or said Producer, to make or provide such pay- ments, and the Trustees shall incur no liability whatsoever, either individually or collectively, for their failure or refusal to do so. In the event such payments are made by the Trustees from the Health Fund on behalf of a delinquent Producer, the Health Fund shall be reimbursed by said Producer for such payments, and the fact that the Trustees may have made such payments shall not alter nor diminish the obligations of such Producer or the rights of the Trustees under this Article.
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Related to Advancement of Premium

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Waiver of Premium In the event an employee becomes totally disabled before age seventy (70), there shall be a waiver of premium for all life insurance coverage that the employee had at the time of disability.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave. 11.4.2 Subject to the terms and conditions of the benefits insurance carrier policies, teachers on parental leave may make arrangements through the School Division to prepay one hundred (100) per cent of the benefit premiums for applicable benefits provided for in the existing collective agreement, for a period of up to eighteen (18) months. 11.4.3 Notwithstanding clause 11.3, subject to the terms and conditions of the benefits insurance carrier policies, upon request by the teacher, the School Division will continue paying the School Division portion of the benefit costs for a teacher on parental leave, for the remainder of the parental leave, up to eighteen (18) months, provided the teacher repays the School Division portion of the benefit premiums. 11.4.4 A teacher who commits to clause 11.4.3 is responsible to repay the amount of the School Division paid benefit premiums, and shall reimburse the School Division upon return from the leave, in a mutually agreeable, reasonable manner over the period of no more than eighteen (18) months following the teacher’s return to duty. 11.4.5 If a teacher fails to return to their teaching duties, the teacher shall be responsible to forthwith repay the School Division paid benefit premiums, and shall reimburse the School Division upon receipt of an invoice. 11.4.6 If a teacher has not fully repaid the cost of benefit premiums previously paid by the School Division under clause 11.4.3 the teacher is not eligible to reapply for additional consideration under clause 11.4.3.

  • Payment of Costs and Legal Fees and Reinstatement of Benefits In the event any dispute or controversy arising under or in connection with the Executive’s termination is resolved in favor of the Executive, whether by judgment, arbitration or settlement, the Executive shall be entitled to the payment of (a) all legal fees incurred by the Executive in resolving such dispute or controversy, and (b) any back-pay, including Base Salary, bonuses and any other cash compensation, fringe benefits and any compensation and benefits due to the Executive under this Agreement.