Common use of Payment of Administrative Fee Clause in Contracts

Payment of Administrative Fee. Administrative fees allocable to individual accounts of active teachers who are active participants in the VEBA Plan shall be paid by the School District for the term of this Agreement. Administrative fees allocable to individual accounts of active teachers who have accrued a balance in the VEBA Plan but changed coverage, so they are no longer entitled to School District contributions, shall be paid from the teacher’s account. Administrative fees allocable to the individual accounts of former teachers, including retirees, shall be paid from the teacher’s account. If the VEBA Plan is terminated or if School District contributions cease by agreement between the parties, administrative fees shall be paid from the teacher’s account.

Payment of Administrative Fee. Administrative fees allocable to individual accounts of active teachers who are active participants in the “VEBA Plan Plan”, shall be paid by from the School District teacher’s account for the term of this Agreement. Administrative fees allocable to individual accounts of active teachers who have accrued a balance in the “VEBA Plan Plan”, but changed coverage, so they are no longer entitled to School District contributions, shall be paid from the teacher’s account. Administrative fees allocable to the individual accounts of former teachers, including retirees, shall be paid from the teacher’s account. If the “VEBA Plan Plan” is terminated terminated, or if School District contributions cease by agreement between the parties, administrative fees shall be paid from the teacher’s account.