Premium Savings Sample Clauses

Premium Savings. It is hereby understood and agreed that premium savings accrued by virtue of Employment Insurance Commission assessments or experience refunds paid since October 1, 1975, from the insurance company or other sources, shall be used to partially offset the costs of salary indemnity and future benefit improvements.
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Premium Savings. It is hereby understood and agreed that premium savings accrued by virtue of Human Resources Development Canada assessment shall be used to offset partially the costs of disability and future benefit improvements.
Premium Savings. It is hereby understood and agreed that premium savings accrued by virtue of Unemployment Insurance Commission assessment shall be used to offset partially the costs of salary indemnity and future benefit improvements.
Premium Savings. The Parties agree that premium savings accrued through Unemployment Insurance Commission assessments, or experience refunds from the Insurance Company or other sources shall be used to partially offset future benefit improvements.

Related to Premium Savings

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

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