Common use of Premium Cost Clause in Contracts

Premium Cost. A participant's coverage for all health, medical, pension and LTD Insurance Plans, as more specifically set out in Articles 15 and 16 that are in effect immediately prior to the leave, will, if eligibility conditions permit, be maintained during the leave- of-absence at the Employee's option. However, all the premium costs of such plans shall be pre-paid by the participant prior to the leave. During the year of the program that the Employee is on leave, the premiums for any benefits related to salary level shall be structured according to the salary the participant would have received at the time of the commencement of the leave had the Employee not been in the PLP.

Premium Cost. A participant's coverage for all health, medical, pension and LTD Insurance Plans, as more specifically set out in Articles 15 and 16 that are in effect immediately prior to the leave, will, if eligibility conditions permit, be maintained during the leave- leave-of-absence at the Employee's option. However, all the premium costs of such plans shall be pre-paid by the participant prior to the leave. During the year of the program that the Employee is on leave, the premiums for any benefits related to salary level shall be structured according to the salary the participant would have received at the time of the commencement of the leave had the Employee not been in the PLP.