Common use of Premium Reduction Clause in Contracts

Premium Reduction. The Sick Leave provided under Article 34 meets the Employment Insurance criteria for a reduction of employer- paid Employment Insurance premiums. Five-twelfths of this reduction must be used for the benefit of employees. The Parties hereby confirm that the Board is applying the full premium reduction toward the cost of maintaining the group benefit plans of bargaining unit employees.‌‌‌

Premium Reduction. The Sick Leave provided under Article 34 meets the Employment Insurance criteria for a reduction of employer- paid Employment Insurance premiums. Five-twelfths of this reduction must be used for the benefit of employees. The Parties hereby confirm that the Board is applying the full premium reduction toward the cost of maintaining the group benefit plans of bargaining unit employees.‌‌‌employees.‌‌

Premium Reduction. The Sick Leave provided under Article 34 meets the Employment Insurance criteria for a reduction of employer- employer paid Employment Insurance premiums. Five-twelfths of this reduction must be used for the benefit of employees. The Parties hereby confirm that the Board is applying the full premium reduction toward the cost of maintaining the group benefit plans of bargaining unit employees.‌‌‌employees.