Common use of Start-Up Costs Clause in Contracts

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million325,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 160,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 160,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTFEWAO-EW ATEO subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million615,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 300,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement Central Agreement and shall pay a further $600,000 300,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW OCEW subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million325,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 160,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 160,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF▇▇▇▇-EW ▇▇▇▇ subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million615,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 300,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 300,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW OCEW subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. ‌ 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW subject to the province’s transfer payment and accountability requirements.3.1.1

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“"CFR”"). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million325,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 160,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 160,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTFEWAO-EW ATEO subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time one‐time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time one‐time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to cover start-up start‐up costs and/or reserves. 3.1.2 The one-time one‐time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW OSSTF‐EW subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time one‐time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time one‐time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million325,000), to cover start-up start‐up costs and/or reserves. 3.1.2 The one-time one‐time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 160,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 160,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW ▇▇▇▇‐▇▇▇▇ subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time one‐time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time one‐time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million325,000), to cover start-up start‐up costs and/or reserves. 3.1.2 The one-time one‐time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 160,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 160,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW EWAO‐ATEO subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. a) A one-time one‐time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. b) A one-time one‐time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to cover start-up start‐up costs and/or reserves. 3.1.2 The one-time one‐time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW OSSTF‐EW subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“"CFR”"). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million325,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s 's most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 160,000 of the startup costs referred to in s. ins. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 160,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW subject to the province’s transfer payment and accountability requirementsins.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to equalto 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“"CFR”"). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to million),to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a3.1.1(a) and (b) will be based on the actual cost per year for benefits (i.e. claims, ,premiums, ,administration, tax, ,risk or profit charges, ,pool charges, etc.) as reported on the insurance carrier’s 's most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 of the startup costs referred to in s. 3.1.1 (bins. 3.1.1(b) on the date of ratification of the central agreement and shall pay a further $600,000 subject to the maximum amount referred to in s. 3.1.1 (bins. 3.1.1(b) by June 1, 2016. The 2016.The balance of the ofthe payments, ,if required under s. 3.1.1 (b), 3.1.1(bL shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW subject to the province’s 's transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“"CFR”"). The amount shall be paid to the Trust on or before September 1, 20161,2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to 615,000),to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a3.1.1(a) and (b) will be based on the actual cost per year for benefits (i.e. claims, ,premiums, ,administration, ,tax, ,risk or profit charges, pool charges, ,poolcharges,etc.) as reported on the insurance carrier’s 's most recent yearly statement for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 300,000 of the startup costs referred to in s. 3.1.1 (bins. 3.1.1(b) on the date of ratification of the central agreement Central Agreement and shall pay a further $600,000 300,000 subject to the maximum amount referred to in s. 3.1.1 (bins. 3.1.1(b) by June 1, 2016. The balance of the payments, ,if required under s. 3.1.1 (b3.1.1(b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW OCEW subject to the province’s 's transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“"CFR”"). The amount shall be paid to the Trust on or before September 1, 2016. b. A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million615,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a3.1.1(a) and (b) will be based on the actual cost per year for benefits (i.e. claims, ,premiums, ,administration, ,tax, ,risk or profit charges, ,pool charges, ,etc.) as reported on the insurance carrier’s 's most recent yearly statement for the year ending no later than August 31, 201531,2015. The aforementioned statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 300,000 of the startup costs referred to in s. 3.1.1 (bins. 3.1.1{b) on the date of ratification of the central agreement Central Agreement and shall pay a further $600,000 300,000 subject to the maximum amount referred to in s. 3.1.1 (bins. 3.1.1{b) by June 1, 2016. The balance of the payments, ,if required under s. 3.1.1 (b3.1.1{b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW OCEW subject to the province’s 's transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. a) A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. b) A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement and shall pay a further $600,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW subject to the province’s transfer payment and accountability requirements.

Start-Up Costs. 3.1.1 The Government of Ontario will provide: a. : A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on or before September 1, 2016. b. . A one-time contribution of 2.6% of annual benefit costs (estimated to be approximately $1.25 million615,000), to cover start-up costs and/or reserves. 3.1.2 The one-time contributions in 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. 3.1.3 The Crown shall pay $600,000 300,000 of the startup costs referred to in s. 3.1.1 (b) on the date of ratification of the central agreement Central Agreement and shall pay a further $600,000 300,000 subject to the maximum amount referred to in s. 3.1.1 (b) by June 1, 2016. The balance of the payments, if required under s. 3.1.1 (b), shall be paid by the Crown on the day the Trust becomes effective. The funds shall be transferred as instructed by OSSTF-EW OCEW subject to the province’s transfer payment and accountability requirements.