Common use of Notification to Employees of Premium Reversion Clause in Contracts

Notification to Employees of Premium Reversion. In any instance where Board payment of personal insurance premiums is to revert to Employee payment (during leaves, retirement, mid-year new hires, mid-year resignations, etc.), the Board shall so notify the affected Employee in writing at least thirty (30) days prior thereto, unless there are fewer than thirty (30) days to premium reversion in which case the Board shall notify the Employee immediately. Such notification shall be by certified mail.

Notification to Employees of Premium Reversion. In any instance where Board payment of personal group insurance premiums is to revert to Employee payment (during leaves, retirement, mid-year new hires, mid-year resignations, etc.), the Board shall so notify the affected Employee in writing at least thirty (30) days prior thereto, unless there are fewer than thirty (30) days to premium reversion in which case the Board shall notify the Employee immediately. Such notification shall be by certified mail.