Common use of Cost of Recovery Clause in Contracts

Cost of Recovery. The Company shall be authorized to receive payments from a Board of Administration approved collection agency employed to recover Plan overpayments. The Company shall be authorized to pay reasonable fees to the collection agency for services rendered. A summary of payments received and fees paid shall be provided to the Company and the Union by the agency.

Appears in 2 contracts

Sources: Supplemental Agreement, Supplemental Agreement