Premium Reduction. The following sick leave provision may be varied by mutual agreement between the Association of Unions and the Employer in the event further Employment Insurance premium reductions for eligible sick leave plans are attainable under the Employment Insurance Act.
Premium Reduction. The employees' share of the Employer's Employment Insurance premium reduction will be retained by the Employer towards offsetting the cost of the benefits contained in this Agreement.
Premium Reduction. In the event that any Employer paid premiums for benefits covered under this Collective Agreement are subsequently reduced and/or eliminated for any reasons, such premium reduction and/or elimination shall be the sole property of the Employer.
Premium Reduction. If the premium paid by the Employer at the effective date of this Agreement for any employee benefit is reduced as a result of legislative or other action, fifty per cent (50%) of the saving shall be used to increase other benefits available to the employees.
Premium Reduction. The five twelfths (5/12ths) E.I. Premium Reduction shall be paid back to the employee annually, where applicable.
Premium Reduction. The E.I.C. premium reduction sharing shall be applied to reduce employee Long Term Disability premiums.
Premium Reduction. In consideration of the insurance provided, the Employer will retain the Nurse's share of any reduction in Employment Insurance premiums.
Premium Reduction. The Sick Leave provided under Article 34 meets the Employment Insurance criteria for a reduction of employer- paid Employment Insurance premiums. Five-twelfths of this reduction must be used for the benefit of employees. The Parties hereby confirm that the Board is applying the full premium reduction toward the cost of maintaining the group benefit plans of bargaining unit employees.
Premium Reduction. The Employer and the Union agree as follows:
Premium Reduction. ARTICLE CLOTHING AND PERSONAL EQUIPMENT
