Premium Reimbursement Sample Clauses

Premium Reimbursement. During the period between July 1, 2009 and December 31, 2009, the Company shall reimburse the Executive for any medical premium expenses he incurs to purchase continued medical coverage under the SCI Health Plans (or, if applicable, any alternative medical program or insurance arrangement selected by SCI) for Executive and his spouse, but only to the extent such expense is in excess of the premium level that would be paid by an active employee of SCI to purchase coverage under the SCI Health Plans (which amount shall be referred to herein as the “Medical Reimbursement”). In accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv)(A), the premiums available for reimbursement under this paragraph in any calendar year will not be increased or decreased to reflect the amount actually reimbursed in a prior or subsequent calendar year, and all reimbursements under this paragraph will be paid to the Executive within ten (10) days following the Company’s receipt of an acknowledgement of payment from the insurance company (or any other evidence of payment of the insurance premiums by the Executive), but in no event shall reimbursement be made any later than December 31 of the calendar year following the calendar year in which the Executive pays the insurance premiums. In addition, the Company will pay the Executive an amount equal to the aggregate of the Federal, state and local income taxes that the Executive pays on the Medical Reimbursement payments, plus the additional Federal, state and local income taxes imposed on the Executive due to such additional income tax gross-up payment by the Company. In accordance with Treasury Regulation Section 1.409A-3(i)(1)(v), the Company will pay the additional income tax gross-up amounts owed to the Executive under this paragraph at the same time payments of the Medical Reimbursement are made.

Premium Reimbursement. The Company will reimburse the Executive a sum of money equal to one (1) month of the Executive's current COBRA premium payment (upon presentation of documents supporting his COBRA premium and payment).

Premium Reimbursement. At least sixty (60) days prior to each applicable premium due date, the Corporation shall make a payment to the Participant equal to the premium payable by the Owner pursuant to subsection (b) above.

Premium Reimbursement. The Company shall reimburse Employee for the premiums of all insurance policies covering the long and short-term disability and long term care insurance of Employee and all insurance policies and insurance coverage of the Employee and Employees dependents covering health, medical and dental not to exceed $15,000 per annum (as adjusted for increases in the Consumer Price Index) during the term hereof.

Premium Reimbursement. The Company shall reimburse Executive for the premiums of all insurance policies covering the long and short-term disability and long term care insurance of Executive and all insurance policies and insurance coverage of the Executive and Executives dependents covering health, medical and dental not to exceed $20,000 per annum (as adjusted for increases in the Consumer Price Index) during the term hereof.

Premium Reimbursement. If your insurance is terminated or cancelled during the term, we will reimburse the premium as follows: 1. The entirety of your premium is reimbursed if: a) your Insurance Application is denied; or b) you are considered not eligible on the effective date of insurance; or c) your insurance is cancelled in the 20 days following receipt of a copy of the Insurance Application. 2. In all other cases, your reimbursement is calculated using one of the two calculation methods below, pending receipt of your notice of termination: Method 1: The reimbursement is calculated according to Rule of 78, reduced by: • all benefits paid under this insurance certificate; and • a $125 termination fee (this fee is applied only once per application). (Premium – Policy fee) x ((A – B) x (A – B + 1)) / (A x (A + 1)) where: A = Term of insurance (in months) B = Number of months during which the insurance was in effect Policy fee = $75 Sample

Premium Reimbursement. Any premium attributable to insurance procured by UWSI on behalf or for the benefit of AMSG shall be directly charged to AMSG by UWSI, as often as UWSI is billed for the same, and AMSG shall promptly reimburse UWSI for such billed premium.

Premium Reimbursement. ‌ Seniority Reimbursement Section 3: Coverage‌

Premium Reimbursement. At the end of each month, from the Effective Date to the final Policy Closing, the Seller shall deliver to the Purchaser a statement containing the sum of the premium actually paid for Portfolio Policies in the prior month, which amount shall be added to the Purchase Price as set forth in Section 2(b) above.