Premium Savings Rebate. In the event that the Union obtains or establishes a total premium cost per employee that is less than the per month Employer contributions described above, the Employer will remit fifty percent (50%) of the net savings to individual employees for the exclusive use as a pre-tax contribution to a Health Care Reimbursement Account, or such other distribution as may be determined by the Union, subject to applicable tax rules.
Premium Savings Rebate. In the event that the Union obtains or establishes a total premium cost per employee that is less than the per month Employer contributions described above, the Employer will 1 The Temporary Agreement language was not implemented in the 2004-2007 Letter of Agreement for this Article. This is the current language of the 2003-2004 Agreement. remit fifty percent (50%) of the net savings to individual employees for the exclusive use as a pre-tax contribution to a Health Care Reimbursement Account, or such other distribution as may be determined by the Union, subject to applicable tax rules.
