Common use of Premium Rebate Clause in Contracts

Premium Rebate. This will confirm our understanding first reached during the 1991 negotiations concerning the sharing of the Employment Insurance premium reduction allowed employers with qualified wage loss replacement plans. The parties recognize that the Employment Insurance premium reduction may be passed on to employees as a group either in the form of a cash rebate or in the form of employee benefits. It was agreed that effective with the first pay period ending in January, 1991, and continuing through the term of the current Agreement the Company will cease sharing the premium reduction with employees in the form of a cash rebate and will instead apply the employee's share of the Employment Insurance premium reduction to improvements in current benefits or to provide new benefits.

Premium Rebate. This will confirm our understanding first reached during the 1991 negotiations concerning the sharing of the Employment Insurance premium reduction allowed employers with qualified wage loss replacement plans. The parties recognize that the Employment Insurance premium reduction may be passed on to employees as a group either in the form of a cash rebate or in the form of employee benefits. It was agreed that effective with the first pay period ending in JanuaryJune, 1991, and continuing through the term of the current Agreement the Company Corporation will cease sharing the premium reduction with employees in the form of a cash rebate and will instead apply the employee's his share of the Employment Insurance premium reduction to improvements in current benefits or to provide new benefits.

Premium Rebate. This will confirm our understanding first reached during the 1991 negotiations concerning the sharing of the Employment Insurance premium reduction allowed employers with qualified wage loss replacement plans. The parties recognize that the Employment Insurance premium reduction may be passed on to employees as a group either in the form of a cash rebate or in the form of employee benefits. It was agreed that effective with the first pay period ending in January, 1991, and continuing through the term of the current Agreement the Company Corporation will cease sharing the premium reduction with employees in the form of a cash rebate and will instead apply the employee's share of the Employment Insurance premium reduction to improvements in current benefits or to provide new benefits.