Jointly Trusteed Benefit Trust Sample Clauses

Jointly Trusteed Benefit Trust. The Parties have agreed to participate in a jointly trusteed benefits trust (PEBT) for their dental, extended health, group life insurance, optional life insurance and accidental death and dismemberment benefit coverage specified in this Article.

Jointly Trusteed Benefit Trust. The Parties have agreed to participate in a jointly trusteed benefits trust and shall place their dental, extended health, group life insurance and accidental death and dismemberment benefit coverage specified in this Article (note – districts without AD&D would not include reference to that benefit) as soon as the trust is able to take on that responsibility. Once the trust is able to take on that responsibility, the parties agree that they will participate on the following conditions: (i) If there is no penalty clause in the current contract(s) with existing benefits carrier(s)/consultants(s), as soon as possible; or (ii) If there is a penalty clause, the benefits will be transferred when the current contract(s) expires. Participation in the benefits trust will be in accordance with the Industrial Inquiry Commissioners Reports made by Xxxxx Xxxxxx and Xxxxxxx Xxxxx dated May 30, 2000 and June 7, 2000 which specify the basis upon which school districts participate in the trust and as clarified in their Recommendations Regarding Outstanding Accord Matters dated March 21, 2001. The Parties further agree to participate in a government funded long term disability plan and early return to work program in accordance with the Industrial Inquiry Commission Report(s) identified in the preceding paragraph. The Parties agree that any references to specific benefit carriers providing the benefits identified above will be effective only until the date of participation in the benefits trust.

Jointly Trusteed Benefit Trust. The Parties have agreed to participate in a jointly trusteed benefits trust and shall place their dental, extended health, group life insurance and accidental death and dismemberment benefit coverage specified in this Article (note – districts without AD&D would not include reference to that benefit) as soon as the trust is able to take on that responsibility. Once the trust is able to take on that responsibility, the parties agree that they will participate on the following conditions: (i) If there is no penalty clause in the current contract(s) with existing benefits carrier(s)/consultants(s), as soon as possible; or (ii) If there is a penalty clause, the benefits will be transferred when the current contract(s) expires. Participation in the benefits trust will be in accordance with the Industrial Inquiry Commissioners Reports made by Xxxxx Xxxxxx and Xxxxxxx Ready dated May 30, 2000 and June 7, 2000 which specify the basis upon which school districts participate in the trust and as clarified in their Recommendations Regarding Outstanding Accord Matters dated March 21, 2001.

Jointly Trusteed Benefit Trust. The Parties have agreed to participate in a jointly trusteed benefits trust and shall place their dental, extended health, group life insurance and accidental death and dismemberment benefit coverage specified in this Article (note districts without would not include reference to that benefit) as soon as the trust is able to take on that responsibility. Once the trust is able to take on that responsibility, the parties agree that they will participate on the following conditions: