Common use of Potential Adjustment Clause in Contracts

Potential Adjustment. Any portion of the Employee's insurance allocations 25 remaining after subtracting the cost of mandatory and medical insurance premiums 26 will be pooled for the sole benefit of other bargaining unit Employees with out-of- 27 pocket medical insurance premium costs. This monthly pool amount will be 28 calculated in October. Each month, each Employee with out-of-pocket costs will 29 be credited with an equal dollar amount of the pool up to the total cost of the 30 Employee's out-of-pocket cost for premiums, or until the pool is exhausted, 31 whichever comes first. 33 If after pooling there remain employees with out of pocket medical insurance costs, 34 the district will provide additional dollars up to the amount of the state retiree 35 subsidy (carve-out).

Potential Adjustment. Any portion of the Employee's insurance allocations 25 33 remaining after subtracting the cost of mandatory and medical insurance 34 premiums 26 will be pooled for the sole benefit of other bargaining unit Employees 35 with out-of- 27 of-pocket medical insurance premium costs. This monthly pool amount 36 will be 28 calculated in October. Each month, each Employee with out-of-pocket 37 costs will 29 be credited with an equal dollar amount of the pool up to the total cost 38 of the 30 Employee's out-of-pocket cost for premiums, or until the pool is exhausted, 31 39 whichever comes first. 33 40 41 If after pooling there remain employees with out of pocket medical insurance 42 costs, 34 the district will provide additional dollars up to the amount of the state 43 retiree 35 subsidy (carve-out).. 44