Common use of Prepaid Premiums Clause in Contracts

Prepaid Premiums. To assist employees who are temporarily laid off to maintain their coverage for a full twelve (12) months after their date of enrollment the Company shall make the following contributions: 15.06.1 If the employee is laid off within five months of enrollment, the employee shall pay in advance the full monthly premium to maintain coverage to anticipated date of rehire. 15.06.2 If the employee is laid off after five months from date of enrollment in the Plan, or in subsequent years if the employee is laid off after five months on the payroll, in the twelve month period immediately following the date of rehire, the Company will pay 80% of the next three monthly premiums and 50% of the monthly premiums for the fourth to sixth month of layoff. Thereafter, the full premium must be paid in advance by the employee to maintain his or her coverage to the anticipated date of rehire.

Prepaid Premiums. To assist employees who are temporarily laid off to maintain their coverage for a full twelve (12) months after their date of enrollment enrolment, the Company shall make the following contributions: 15.06.1 11.06.1 If the employee is laid off within five (5) months of enrollmentenrolment, the employee shall pay in advance the full monthly premium to maintain coverage to anticipated date of rehire. 15.06.2 11.06.2 If the employee is laid off after five (5) months from the date of enrollment enrolment in the Plan, or in subsequent years if the employee is laid off after five months on the payroll, in the twelve month period immediately following the date of rehire, the Company will pay eighty percent (80% %) of the next three monthly premiums and fifty percent (50% %) of the monthly premiums for the fourth to sixth month of layoff. Thereafter, the full premium must be paid in advance by the employee to maintain his or her coverage to the anticipated date of rehire.