Common use of Annual Funding Pool Clause in Contracts

Annual Funding Pool. By the conclusion of the fiscal year, if there is a balance in the maximum annual pool, such balance shall be distributed equally among the professors participating in the adjunct professor medical program. The total annual benefit to a professor shall not exceed the actual cost of the annual medical care premium for e professor-only coverage in the plan in which the professor is enrolled.

Appears in 7 contracts

Samples: Agreement, Agreement, Agreement

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Annual Funding Pool. By the conclusion of the fiscal year, if there is a balance in the maximum annual pool, such balance shall be distributed equally among the professors participating in the adjunct professor medical program. The total annual benefit to a professor shall not exceed the actual cost of the annual medical care premium for e professor-only coverage in the plan in which the professor is enrolled.

Appears in 2 contracts

Samples: Agreement, Agreement

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