Common use of Premium Savings Rebate Clause in Contracts

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 per cost per employee per month that is less than the per month Employer contributions employer contribution described above, the Employer will remit fifty percent (50%) of the net savings to the individual employees employee for the their exclusive use as a pre-tax contribution to a Health Care Reimbursement Account, Account or other such other distribution as may be determined by the Union, subject to applicable tax rules.

Premium Savings Rebate. In the event that the Union union obtains or establishes a total premium cost per employee that is less than the per month Employer employer contributions described above, the Employer 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 Unionunion, 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 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.. 3333