Common use of Distribution of Surplus Clause in Contracts

Distribution of Surplus. It is understood that surplus accumulations, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable time limits. Questions in this respect will be referred to the Joint Welfare Board for decision.

Appears in 31 contracts

Samples: Labour Agreement, Labour Agreement, Labour Agreement

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Distribution of Surplus. It is understood that a surplus accumulationsaccumulation, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable time limits. Questions in this respect will be referred to the Joint Welfare Board welfare committee for decision.

Appears in 8 contracts

Samples: Labour Agreement, Labour Agreement, Labour Agreement

Distribution of Surplus. It is understood that surplus accumulations, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable time limits. Questions in this respect will be referred to the Joint Welfare Board for decision.

Appears in 2 contracts

Samples: Collective Agreement, Labour Agreement

Distribution of Surplus. It is understood that surplus accumulations, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable time limits. Questions in this respect will be referred to the Joint Welfare Board Union- Management Committee for decision.

Appears in 2 contracts

Samples: Labour Agreement, Labour Agreement

Distribution of Surplus. It is understood that surplus accumulations, . if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable time limits. Questions in this respect will be referred to the Joint Welfare Board for decisiondeci- sion.

Appears in 1 contract

Samples: Labour Agreement

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Distribution of Surplus. It is understood that surplus accumulations, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable time limits. Questions in this respect will be referred to the Joint Welfare Board for decision.

Appears in 1 contract

Samples: Collective Agreement

Distribution of Surplus. It is understood that surplus accumulations, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations must be disposed of within reasonable rea- sonable time limits. Questions in this respect will be referred to the Joint Welfare Board for decision.

Appears in 1 contract

Samples: Labour Agreement

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