Cost of Premium Clause Samples

Cost of Premium. It is expressly agreed and understood that the cost of premiums and deductibles for insurance required to be maintained by Contractor as set forth in this Exhibit S and all Taxes thereon shall be borne by Contractor, and shall be endorsed to provide that Owner shall have no liability for the payment of any premium thereon; and
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Cost of Premium. Should there be an increase of health insurance costs, the parties will share in the annual increase in health insurance costs through premium co-share as follows: the District paying the first 8% of cost increase, employee covers the next 7%, and District covers the amount over 15%.
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Cost of Premium. The employee will not contribute anything toward the cost of premium for 2015-2016. Thereafter, should there be an increase of health insurance costs in any year from the year immediately preceding, the parties will share in the annual increase in health insurance costs through premium co-share as follows: the District paying the first 8% of cost increase, employee covers the next 7%, and District covers the amount over 15%.
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Cost of Premium. It is expressly agreed and understood that the cost of premiums for insurance required by this Article 14 shall be borne by the Party responsible to maintain such insurance.
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Cost of Premium. The employee will not contribute anything toward the cost of premium for the term of the contract (2025-2028).
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Related to Cost 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.

  • Allocation of Premiums No premium shall be paid under the Bond unless the Board of Trustees of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Trust, on behalf of each Fund. The premium payable on the Bond shall be allocated between the Trust and the Manager as determined by the Board of Trustees of the Trust.

  • Prepayment Premium Borrower will be required to pay a prepayment premium in connection with certain prepayments of the Indebtedness, including a payment made after Lender’s exercise of any right of acceleration of the Indebtedness, as provided in the Note.