Initial Contribution Holiday. If the Company’s aggregate year-to-date health insurance contributions for the health insurance coverage of all its Fund participants (excluding the Medicaid supplemental payments paid to the Fund) in 2023 exceed the Company’s aggregate premium cost of providing health insurance coverage for the same period in 2022, then the Company shall not be obligated to contribute to the Fund on behalf of its employee participants for the following month. This one month will be referred to as a “Contribution Holiday.” After the one-month Contribution Holiday, the Company’s regular contribution obligation to the Fund will resume for each of its Facilities, per the terms of this Agreement.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Letter of Agreement
