Cost of Plan. The cost of the long-term disability premiums shall be shared equally by the Employer and by the employee.
Cost of Plan. Post Foods Canada pays the full cost of the coverage provided by the Basic Life Insurance Plan.
Cost of Plan. Post Foods Canada pays the full cost of the coverage provided by the plan for you and your eligible dependents.
Cost of Plan. The Company will continue to pay the entire cost of the Basic Group insurance Plan as described in a separate booklet entitled “Group Plan.” The Company will continue to pay the entire cost of the Retired Group insurance as described in a separate booklet entitled “Group Plan.” The responsibility of the Company to provide benefits under this Agreement is limited to the benefits and provisions of the above mentioned plans.
Cost of Plan. (a) The entire cost of providing benefits under the Plan shall be paid by Corporation out of its current operating budget, and Corporation's obligations under the Plan shall be an unfunded and unsecured promise to pay. Corporation shall not be obligated under any circumstances to fund its obligations under the Plan.
(b) Notwithstanding paragraph (a), Corporation may, at its sole option, or by agreement, informally fund its obligations under the Plan in whole or in part, through a group or individual rabbi or similar trust(s) established with a banking institution unaffiliated with Corporation; provided, however, in no event shall such informal funding be construed to create any trust fund, escrow account or other security for Participant with respect to the payment of benefits under the Plan, other than as permitted under Internal Revenue Service and Department of Labor rules and regulations for unfunded supplemental retirement plans.
(c) If Corporation decides to fund the Plan informally, in whole or in part, by procuring, as owner, life insurance for its own benefit on the life of Participant, the form of such insurance and the amounts thereof shall be the sole decision of Corporation, and in no event shall Participant or any beneficiary have any incidents of ownership in any such policies of insurance. If a physical examination is required for Corporation to obtain insurance for Participant under this paragraph, Participant agrees to undergo such physical examinations as may be required by the insurance carrier. Such physical examinations shall be conducted by a physician approved by Corporation, at the expense of Corporation.
(d) No contributions by Participant are required or permitted under the Plan.
(e) All taxes on benefits payable to Participant under the Plan, except for the employer's share of applicable employment taxes, shall be the obligation of Participant. To the extent that benefits (or their present value) become taxable to Participant at any time prior to actual payment of those benefits, such as in the case of the Medicare tax, and to the extent that Corporation is required to withhold taxes, those taxes shall be withheld from other compensation payable by Corporation to Participant.
Cost of Plan. Canada Inc. pays the full cost of the coverage provided by the plan for you and your eligible dependents. LETTER OF UNDERSTANDING between Kraft Canada Inc. Falls, Ontario and Firemen and Oilers Council, Local Union
Cost of Plan. Te Runanga and the Crown shall each bear their own costs of preparation and implementation of the Joint Management Plan, and to the extent that Te Runanga and the Crown agree to contract third parties to undertake any role in the preparation or implementation of the Joint Management Plan, shall bear the cost of contracting such parties equally, unless otherwise agreed.
Cost of Plan. The Company may change carriers for the benefit plans with the objective of maintaining satisfactory service and economy with the exception of Green Shield Canada. If the carrier is changed, the existing level of benefits under the Plans will be maintained. The Company assumes the cost of benefits under this plan.
Cost of Plan. The costs and expenses of administering this Plan shall be borne by the Holding Company.
