Premium Reductions Sample Clauses

Premium Reductions. In the event that any Company paid premiums for benefits covered under this Collective Agreement; and/or any government premiums are subsequently reduced and/or eliminated for any reason(s), such premium reduction(s) and/or elimination shall be the sole property of the Company. The Employer may substitute another carrier for the foregoing plans, provided the level of benefits are not decreased. The Employer will advise the Union prior to implementing any change.
Premium Reductions. In the event that any Company paid premiums for:

Related to Premium Reductions

  • Staff Reduction In the event the District adopts a reduced educational program by reason of financial necessity, including but not limited to, levy failure and/or decreased State or Federal support, certificated employees who will be retained to implement the District’s reduced or modified program and those certificated employees who will be non-renewed from employment or adversely affected in contract status shall be identified by the provisions contained in this Article. If the District is only reducing provisional employees, the following procedures do not need to be implemented.

  • Benefit Premiums The Employer shall continue to pay its portion of insured benefit premiums, provided employees continue to pay their portion, as follows:

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