Common use of Premium Costs Clause in Contracts

Premium Costs. Where an employee who has acquired six (6) months accumulated does not earn sufficient wages in a month to cover his/her portion of benefit costs, the Board will carry forward the employee's share and deduct the carried forward premiums from the earnings of the employee for the following month. Where the Board has carried forward such an employee's premium and the employee fails to return to duty the month following, the Union will reimburse the Board for the employee'sshare of premium benefits carried forward from the previous month.

Appears in 4 contracts

Samples: Letter of Agreement, Collective Agreement, Collective Agreement

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