Common use of Premium Increases Clause in Contracts

Premium Increases. If the annual employee renewal premium for any one plan increases in excess 10.0% in any year, the City will make a presentation to the LMCC. The LMCC shall be empowered to make recommendations to the Mayor addressing the increase. If the annual employee renewal premium increases by 15% or greater, then HOPE may, in its sole discretion reopen negotiations on one or more economic provisions of this Agreement, as contained in Articles 10 and 11.

Premium Increases. If the annual employee renewal premium for any one plan increases in excess 10.0% in any year, the City will make a presentation to the LMCC. The LMCC shall be empowered to make recommendations to the Mayor addressing the increase. If the annual employee renewal premium increases by 15% or greater, then HOPE may, in its sole discretion discretion, reopen negotiations on one or more economic provisions of this Agreement, as contained in Articles 10 and 11.