Common use of Benefit Package Clause in Contracts

Benefit Package. ‌ 40:01 The parties agree that during the life of this collective agreement, the benefit plan will be cost-shared on a 50-50 basis for the following plans: 40:02 All plan documents are available from the Employer to the Employees for information. 40:03 The above noted benefits shall be subject to the terms and conditions of the master policies issued to the Employer by the insuring organization. 40:04 None of the above noted plans shall form part of the Agreement, but it is agreed that any failure by the Employer to provide coverage for eligible Employees shall entitle the Union to submit such failure to arbitration. 40:05 Coverage under the Dental and Extended Health Care Plans shall be made available to be maintained at the employee’s cost during any unpaid leave required to satisfy elimination period or date of initial decision, whichever is later, for the Long Term Disability Plan.