In the event that the Division becomes eligible for an Employment Insurance rebate, the Division shall remit five-twelfths (5/12) teachers’ share to the Red River Valley Teachers’ Association treasurer to be made in two (2) instalments per year, on July 15th and January 15th. Effective January 1, 2015, the Division shall refund the Association in two installments per year, on July 15th and January 15th the whole of the additional rebate allowable under the Employment Insurance Act that is attributed to the Short Term Disability Plan.