Contribution to Deductible Clause Samples

The Contribution to Deductible clause defines how responsibility for paying the deductible on an insurance policy is shared between parties, typically in the context of a claim. In practice, this clause specifies whether one party, such as a tenant or contractor, must contribute to or fully cover the deductible amount before the insurer pays out on a claim. This ensures that the financial burden of the deductible is clearly allocated, preventing disputes and clarifying each party’s obligations in the event of a loss.
Contribution to Deductible a. The BOARD’s contribution to an employee’s Health Savings Account is as follows: (1) Fifty percent (50%) for plan year January 1, 2019, through December 31, 2019 a. Single: $1,000 b. Employee + Kids: $2,000
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Contribution to Deductible. 1. The Board’s contribution to a teaching staff member’s Health Savings Account is as follows: a. Single: $1,000 b. Employee + Kids: $2,000 c. Family: $2,000 2. The Board’s contributions shall be made in quarterly installments on the 15th of January, April, July, and October. The Board will make a one month pro-rata contribution on September 15th for all newly hired teachers, and shall make quarterly contributions in accordance with this provision thereafter. 3. The Board will contract with a financial institution of its choice to establish the HSA Account which will include a debit card with no fees to teaching staff members. 4. Teaching staff members may elect to contribute to their deductible through payroll deduction or lump sum as designated by the teaching staff member. 5. The contribution rate for the Board is the amount applicable to a full-time teaching staff member (Section 17.01). Part-time teaching staff members shall receive a pro-rata contribution to the deductible based on the number of full-time equivalent hours.
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Contribution to Deductible a) The Board's contribution to a employee's Health Savings Account is as follows: 1. Single: $1,000 2. Employee + Kids: $2,000 3. Family: $2,000 b) The Board's full contribution shall be made by the first payroll in January.
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Contribution to Deductible a) The Board's contribution to a employee's Health Savings Account is as follows: 1. Single: $1,000 2. Employee + Kids: $2,000 3. Family: $2,000 b) The Board's full contribution shall be made by the first payroll in January. c) The Board will contract with a financial institution of its choice to establish the HSA Account which will include a debit card with no fees to employees. d) Employees may elect to contribute to their deductible through payroll deduction or lump sum as designated by the employee. e) The contribution rate for the Board is the amount applicable to a full-time employee as stated above. Part-time employees shall receive a pro-rata contribution to the deductible based on the number of full-time equivalent hours.
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Related to Contribution to Deductible

  • Deductible An annual deductible of fifty dollars ($50) per person and one hundred fifty dollars ($150) per family applies to State Dental Plan non-preventive services received from in-network providers. An annual deductible of one hundred twenty-five dollars ($125) per person applies to State Dental Plan services received from out of network providers. The deductible must be satisfied before coverage begins.

  • Contribution Amounts The Company, the Selling Shareholders and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8.6. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.