Common use of CHANGES IN COST Clause in Contracts

CHANGES IN COST. It is acknowledged that there may be increases in the cost or utilization of dental care during the term of this agreement and that, in order to maintain the benefits of the Dental Program, it may be necessary for the Board of Trustees of the National IAM Benefit Trust Fund to direct one or more increases in the contribution rate. In such an event, and upon 90 days advance notice from the Trustees, the Company will increase the aforesaid contribution rate by the total amount of increases directed by the Trustees, during the term of this Agreement, shall not exceed $2.00 per employee per month.

CHANGES IN COST. It is acknowledged that there may be increases in the cost or utilization of dental care during the term of this agreement and that, in order to maintain the benefits of the Dental Program, it may be necessary for the Board of Trustees of the National IAM Benefit Trust Fund to direct one (1) or more increases in the contribution rate. In such an event, and upon 90 days ninety (90) day advance notice from the Trustees, the Company will increase the aforesaid contribution rate by using the current employer / employee contribution splits for the total amount of increases directed by the Trustees, during the term of this Agreement, shall not exceed $2.00 per employee per monthpremiums.