Common use of Cost of Premium Clause in Contracts

Cost of Premium. Should there be an increase of health insurance costs, the parties will share in the annual increase in health insurance costs through premium co-share as follows: the District paying the first 8% of cost increase, employee covers the next 7%, and District covers the amount over 15%.

Appears in 3 contracts

Sources: Administrators’ and Directors’ Agreement, Administrators’ and Directors’ Agreement, Administrators’ and Directors’ Agreement