Common use of Benefit Costs Clause in Contracts

Benefit Costs. In light of the Employer’s desire to contain benefit costs in the future as well as the parties mutual interest in sustaining a fair and competitive level of benefits, the parties agree to meet during the life of the agreement to discuss ways of containing and reducing benefit costs. Where the parties can identify by mutual agreement cost savings, the Employer agrees to re-invest fifty percent (50%) of the savings into new and/or modified benefit provisions. DATED AT Kitchener, THIS DAY OF , 2008.

Benefit Costs. In light of the Employer’s desire to contain benefit costs in the future as well as the parties mutual interest in sustaining a fair and competitive level of benefits, the parties agree to meet during the life of the agreement to discuss ways of containing and reducing benefit costs. Where the parties can identify by mutual agreement cost savings, the Employer agrees to re-re- invest fifty percent (50%) of the savings into new and/or modified benefit provisions. DATED AT Kitchener, RE-SIGNED ON THIS 28 DAY OF , 2008.August 2020 10/22/2020 | 10/22/2020 |