Common use of REQUIRED PREMIUM Clause in Contracts

REQUIRED PREMIUM. The Company shall pay 75% of the cost of the plan and the Employee shall pay 25%. Employees on WSIB and WI will contribute 50% of the premium cost or thirty (.30) per thousand per month, which ever is the lesser up to 12 months. For the purpose of this coverage for those on WSIB or WI the premium paying arrangement in place during the September 1, 2005 Collective Agreement will apply.

Appears in 2 contracts

Sources: Collective Agreement, Collective Agreement

REQUIRED PREMIUM. The Company shall pay 75% of the cost of the plan and the Employee shall pay 25%. Employees on WSIB W SIB and WI will contribute 50% of the premium cost or thirty (.30) per thousand per month, which ever is the lesser up to 12 months. For the purpose of this coverage for those on WSIB or WI W I the premium paying arrangement in place during the September 1, 2005 Collective Agreement will apply.

Appears in 1 contract

Sources: Collective Agreement