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 25 contracts
Samples: Session Agreement, Labour Agreement, Labour Agreement
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 7 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 Union- Management Committee for decision.
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
