COVERAGE A PREMIUM Sample Clauses

COVERAGE A PREMIUM. A. Deposit Premium: As respects each contract year, the COMPANY shall pay the REINSURERS an annual Deposit Premium equal to the greater of 50% of GROSS EXCESS LIMITS PREMIUM or $3,500,000 in four equal installments of $875,000 on March 31, June 30, September 30 and December 31 of each contract year. B. Minimum Premium: As respects each contract year, the COMPANY shall pay REINSURERS Actual Premium as per D. below, but not less than the Minimum Premium which is equal to 21% of GROSS EXCESS LIMITS PREMIUM in respect of policies with limits attaching in respect of COVERAGE A or $1,500,000, whichever is greater.
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Related to COVERAGE A PREMIUM

  • Shift Premium Effective July 1, 2020, an employee shall be paid a shift premium of ninety-five cents (95c/ ) per hour for each hour worked between 1500 hours and 0700 hours provided that such hours exceed two (2) hours if worked in conjunction with the day shift.

  • Weekend Premium An employee shall be paid a weekend premium of one dollar and forty-five cents ($1.45) per hour for each hour worked between 2400 hours Friday to 2400 hours Sunday or such other 48 hour period that the Hospital may establish. If an employee is in receipt of premium payment pursuant to a local scheduling regulation with respect to consecutive weekends worked, he will not receive weekend premium under this provision. Effective June 28, 2005, the weekend premium shall be increased to $1.55 per hour.

  • Overtime and Premium Pay A nurse shall be paid at the rate of one and one- half (1½) times the nurse’s regular hourly rate of pay for all hours worked in any one category listed below, including statutory overtime pay under 9.4.1 or premium pay under 9.4.2 through

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.