Cost of Premium. It is expressly agreed and understood that the cost of premiums and deductibles for insurance required to be maintained by Contractor as set forth in this Exhibit S and all Taxes thereon shall be borne by Contractor, and shall be endorsed to provide that Owner shall have no liability for the payment of any premium thereon; and
Cost of Premium. Should there be an increase of health insurance costs, the parties will share in the annual increase in health insurance costs through premium co-share as follows: the District paying the first 8% of cost increase, employee covers the next 7%, and District covers the amount over 15%.
Cost of Premium. The employee will not contribute anything toward the cost of premium for 2015-2016. Thereafter, should there be an increase of health insurance costs in any year from the year immediately preceding, the parties will share in the annual increase in health insurance costs through premium co-share as follows: the District paying the first 8% of cost increase, employee covers the next 7%, and District covers the amount over 15%.
Cost of Premium. It is expressly agreed and understood that the cost of premiums for insurance required by this Article 14 shall be borne by the Party responsible to maintain such insurance.
Cost of Premium. It is expressly agreed and understood that: the cost of premiums and deductibles for insurance required to be maintained by Contractor as set forth in this Article 21 shall be borne by Contractor, except with respect to the deductible for the builders all-risk insurance as provided in Section 21.5, and shall be written or endorsed to provide that Owner shall have no liability for the payment of any premium thereon; that the cost of premiums and deductibles for insurance required to be maintained by Owner as set forth in this Article 21 shall be borne by Owner (except as set forth in Section 22.4 with respect to the deductible), and shall be written or endorsed to provide that Contractor shall have no liability for the payment of any premium thereon; and If either Party fails to provide or maintain any insurance required of it hereunder, the other Party shall have the right, upon reasonable Notice, but not the obligation, to provide or maintain any such insurance, and to deduct the cost thereof from any amounts due and payable to the breaching Party (including, in the case of Owner, from any amounts due and payable to Contractor in respect of the Contract Price), or, in the event there are no such amounts due and payable to the breaching Party, the breaching Party shall reimburse the other Party for such costs on demand. Should any of the policies required to be maintained by either Party become commercially unavailable or be canceled for any reason during the period of this Agreement, such Party shall immediately procure replacement coverage. The failure of either Party to procure such replacement coverage which is within the reasonable control of such Party (so as to provide continuous coverage) shall constitute a material breach hereunder.
