The Sandy Bay Teachers' Association shall engage in a Group Life and Disability Insurance Plan, which shall be subject to the approval of both the Association and the Employer. Each teacher engaged after the implementation shall be required, as a condition of employment, to participate. The Employer shall pay one-half of the premiums.
The Association agrees that any rebates applied for as a result of a reduction in Employment Insurance premiums be allocated as follows:
.5 (one half) to the Association
.5 (one half) to the Employer