Common use of REQUIRED PREMIUM Clause in Contracts

REQUIRED PREMIUM. Each participating employee will contribute thirty cents per thousand dollars of coverage per month towards the premium cost. The premium cost for the coverage will be borne by the Company.

Appears in 1 contract

Sources: Collective Bargaining Agreement

REQUIRED PREMIUM. Each participating employee will contribute thirty cents ($.30) per thousand ($1,000.00) dollars of coverage per month towards the premium cost. The premium cost for the A.D. & D. coverage will be borne by the Company.

Appears in 1 contract

Sources: Collective Bargaining Agreement