Common use of Payment of Administrative Fee Clause in Contracts

Payment of Administrative Fee. Administrative fees allocable to individual accounts of active building technology employees participating in the VEBA Plan shall be paid by the School District. Administrative fees allocable to individual accounts of active building technology employees who have accrued a balance in the VEBA Plan but change coverage, so that they are no longer entitled to School District contributions, shall be paid by the School District. Administrative fees allocable to the individual accounts of former building technology employees shall be paid by the former building technology employee. If the VEBA Plan is terminated or if School District contributions cease by agreement between the parties, administrative fees shall be paid by the School District if the building technology employee remains active. Once the employment relationship is discontinued, the former building technology employee will be responsible for the administrative fee.

Payment of Administrative Fee. Administrative fees allocable to individual accounts of active building technology clerical employees participating in the VEBA Plan shall be paid by the School District. Administrative fees allocable to individual accounts of active building technology clerical employees who have accrued a balance in the VEBA Plan but change coverage, so that they are no longer entitled to School District contributions, shall be paid by the School District. Administrative fees allocable to the individual accounts of former building technology clerical employees shall be paid by the former building technology employeeclerical employees. If the VEBA Plan is terminated or if School District contributions cease by agreement between the parties, administrative fees shall be paid by the School District if the building technology clerical employee remains active. Once the employment relationship is discontinued, the former building technology clerical employee will be responsible for the administrative fee.