Common use of Solvency Re-Opener Clause in Contracts

Solvency Re-Opener. The parties agree to re-open this item for negotiations to insure the solvency of the Employee Group Health and Benefit plan if the plan fund balance remains below $250,000.00 for any consecutive three (3) month period.

Solvency Re-Opener. The parties agree to re-open this item for negotiations to insure the solvency of the Employee Group Health and Benefit plan if the plan fund balance remains below $250,000.00 for declines a total of ten percent (10%) of the previous quarter’s fund balance during any consecutive three (3) consecutive month periodperiod and/or the plan fund balance falls below $500,000.00 or a fund reserve balance set by the Employee Health Plan Review Committee.

Solvency Re-Opener. The parties agree to re-open this item for negotiations to insure the solvency of the Employee Group Health and Benefit plan if the plan fund balance remains below $250,000.00 for declines a total of ten percent (10%) of the previous quarter’s fund balance during any consecutive three (3) consecutive month periodperiod and/or the plan fund balance falls below $500,000.00 or a fund reserve balance set by the Health Plan Review Committee.

Solvency Re-Opener. The parties agree to re-open this item for negotiations to insure the solvency of the Employee Group Health and Benefit plan if the plan fund balance remains below $250,000.00 for declines a total of ten percent (10%) of the previous quarter’s fund balance during any consecutive three (3) month period.three