Common use of Premium Cost Clause in Contracts

Premium Cost. A participant's coverage for all Health, Medical and LTD Plans, as more specifically set out in Articles 22, 23, 24 that are in effect immediately prior to the leave, will, if eligibility conditions permit, be maintained during the leave of absence at the employee's option. However, all the premium costs of such plans shall be paid by the participant during the leave. During the year of the programme that the employee is on leave, any benefits related to salary level shall be structured according to the salary the participant would have received immediately prior to the leave had the employee not been in the PLP.

Premium Cost. A participant's coverage for all Health, Medical and LTD L.T.D.I. Plans, as more specifically set out in Articles 22, 23, 24 that are in effect immediately prior to the leave, will, if eligibility conditions permit, be maintained during the leave of leave-of-absence at the employee's option. However, all the premium costs of such plans shall be paid by the participant during the leave. During the year of the programme that the employee is on leave, any benefits related to salary level shall be structured according to the salary the participant would have received immediately prior to the leave had the employee not been in the PLP.

Premium Cost. A participant's coverage for all Health, Medical and LTD L.T.D.I. Plans, as more specifically set out in Articles 22, 23, 24 that are in effect immediately prior to the leave, will, if eligibility conditions permit, be maintained during the leave of leave-of-absence at the employee's option. However, all the premium costs of such plans shall be paid by the participant during the leave. During the year of the programme that the employee is on leave, any benefits related to salary level shall be structured according to the salary the participant would have received immediately prior to the leave had the employee not been in the PLP.