Common use of Contribution Procedures Clause in Contracts

Contribution Procedures. Upon enrolling and being accepted, a SLB member will be assessed one sick leave day from those currently available to him or her. Should a member who is currently enrolled in the SLB not have sufficient leave available for an assessment the member will be allowed to continue enrollment in the SLB and once leave is available the member will be assessed any outstanding assessments owed to the bank. The bank will continue to evaluate the program on a regular basis and make adjustments necessary in order to ensure the solvency of the bank and the quality of the protection it affords to members. In addition, should the number of days in the bank fall below one thousand eight hundred (1,800) days on March 1" of each year an assessment will occur during the following school year. Should there be a need for an assessment member will be notified prior or during the opening enrollment period. Upon enrolling and being accepted, a SLB member will be assessed one sick day from those currently available to him or her. The bank will continue to evaluate the program on a regular basis and make adjustments necessary in order to ensure the solvency of the Bank and the quality of the protection it affords to members. Should there be a need for an assessment, the members will be notified prior or during the opening enrollment period.

Appears in 5 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement

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