Common use of Establishment of the Program Clause in Contracts

Establishment of the Program. CpK, hereinafter referred to as the Company, and (Unifor) and its Unit of Local No. 1917, hereinafter referred to as the Union, have agreed on a Group Insurance Program, attached hereto as Exhibit B and to provide benefits to hourly rated employees of the Company through the purchase of group insurance policies, self-insurance funds or by arrangement with group insurance carriers. The method of providing benefits shall be at the sole option of the Company unless such is mandated by Provincial or Federal Law. The Company will be responsible for the administration of the Program which includes enrollment of employees, distribution of certificates of insurance, if applicable, accepting cash contributions where appropriate, issuing claim forms and processing claims. Benefits provided by Governmental Units or Agencies will be part of this Program and in lieu of similar benefits provided herein. Financing: During the Term of this agreement, the Company will pay the administration expenses of providing the group insurance coverage contained in the Program and will receive and retain any dividends, divisible surplus, interest or any other refunds from any insurance carrier, governmental unit or agency or other provider. In addition, the Company will continue certain group insurance coverages as described elsewhere in this Program, during periods of layoff or leave of absence and where applicable, receive cash contributions from applicable employees in advance of the month for which coverage is sought. The Company, however, will not assume any responsibility or liability which may result from the failure of an employee eligible to continue certain coverages to make the required cash payment when due.

Establishment of the Program. CpK, CpK hereinafter referred to as the Company, and (Unifor) and its Unit of Local No. 1917, hereinafter referred to as the Union, have agreed on a Group Insurance Program, attached hereto as Exhibit B and to provide benefits to hourly rated employees of the Company through the purchase of group insurance policies, self-insurance funds or by arrangement with group insurance carriers. The method of providing benefits shall be at the sole option of the Company unless such is mandated by Provincial or Federal Law. The Company will be responsible for the administration of the Program which includes enrollment of employees, distribution of certificates of insurance, if applicable, accepting cash contributions where appropriate, issuing claim forms and processing claims. Benefits provided by Governmental Units or Agencies will be part of this Program and in lieu of similar benefits provided herein. Financing: During the Term of this agreement, the Company will pay the administration expenses of providing the group insurance coverage contained in the Program and will receive and retain any dividends, divisible surplus, interest or any other refunds from any insurance carrier, governmental unit or agency or other provider. In addition, the Company will continue certain group insurance coverages as described elsewhere in this Program, during periods of layoff or leave of absence and where applicable, receive cash contributions from applicable employees in advance of the month for which coverage is sought. The Company, however, will not assume any responsibility or liability which may result from the failure of an employee eligible to continue certain coverages to make the required cash payment when due.