Administrative Fund Clause Samples

Administrative Fund. The Group Board may establish and maintain a separate administrative fund for the purpose of payment of legal expenses and other approved costs and expenses associated with the administration of the IGHCP Group not referenced in Section 1 above. The participating agencies shall contribute amounts to this fund on a pro-rata basis according to the respective numbers of employees covered by the health and related benefit plan, so as to provide payment of costs and expenses in a timely fashion. Operation of this fund shall be determined by the By-laws.

Administrative Fund. SECTION 8.01 Central Pennsylvania Electrical Contractor Administrative Fund (C.P.E.C.A.F.). Each employer covered by this agreement shall contribute to the C.P.E.C.A.F. (1/2) of (1%) of their gross labor payroll for all work covered under this agreement. The fund shall be administered solely by the employers; the fund may not be used in any manner detrimental to the Local Union or IBEW; and the enforcement for delinquent payments to the fund shall be the sole responsibility of the fund or employers and not the Local Union. The Fund shall be utilized to pay for management's costs of the labor contract administration including negotiations, disputes and grievance representation and for other administrative functions and expenses required of management, including service on fringe benefit funds. Further, from time to time it shall be utilized for the promotion of the electrical industry and the enhancement of labor relations in Central Pennsylvania. Payment shall be forwarded monthly to the designated depository in a form and manner prescribed by the association, no later than fifteen (15) calendar days following the last day of the month in which labor was performed. Failure to do so will be considered a breach of this agreement. National Labor Management Cooperation Fund (NLMCC) SECTION 8.02 The parties agree to participate in the NECA-IBEW National Labor Management Cooperative Fund, Under authority of Section 6(b.) of the Labor Management Cooperative Act of 1978, ▇▇ ▇.▇.▇. ▇▇▇ (▇.), ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ (▇.) (9) of the Labor Management Relations Act, 29 U.S.C. 186 (c.) (9). The purpose of this fund include the following: 1. To improve communications between representatives of labor and management; 2. To provide workers and employers with opportunities to study and explore new and innovative joint approaches to achieving organizational effectiveness; 3. To assist workers and employers in solving problems of mutual concern not susceptible to resolution within the collective bargaining process; 4. To study and explore ways of eliminating potential problems which reduce the competitiveness and inhibit the economic development of the electrical construction industry; 5. To sponsor programs which improve job security, enhance economic and community development, and promote the general welfare of the community and the industry; 6. To encourage and support the initiation and operation of similarly constituted local Labor Management Cooperation Committees; 7. To engage ...

Administrative Fund. (a) The City shall deposit or cause to be deposited to the Administrative Fund the amounts collected each year to pay Annual Collection Costs and Delinquent Collection Costs. The City or the Administrator, on behalf of the City, shall direct the Trustee pursuant to the City Certificate with respect to the portions of the Annual Installments collected for the payment of Annual Collection Costs and Delinquent Collection Costs to be deposited pursuant to this section. (b) Moneys in the Administrative Fund shall be held by the Trustee separate and apart from the other Funds created and administered hereunder and used as directed by a City Certificate solely for the purposes set forth in the Service and Assessment Plan, including payment of Annual Collection Costs and Delinquent Collection Costs. The Administrative Fund shall not be part of the Trust Estate and is not security for the Improvement Area #3 Bonds. (c) In accordance with Section 7.6, the Trustee shall transfer its authorized fees and expenses from the Administrative Fund to pay the foregoing unless the Trustee receives written objection from the City within ten (10) Business Days of its delivery of notice of such costs to the City. No City Certificate is necessary for the Trustee to receive compensation for the services rendered hereunder.

Administrative Fund. The Employer agrees to deduct from each Employee’s earnings an amount as designated by the Union bylaws from the gross wages earned by each employee covered by this Agreement and remit deducted monies to the Local Union’s Administrative fund upon receipt of authorization from Employee.

Administrative Fund. On January 1st, 2005, the Company shall pay $12,500 to the Union towards administration costs.

Administrative Fund. No later than ten (10) days after the Effective Date, the USF&G Parties shall pay $35 million into an escrow account (the "Administrative Fund"), under the control of the undersigned Asbestos Plaintiffs' Counsel. The Administrative Fund shall be disbursed to the Debtors or others, and after Plan Approval, to the 524(g) Trust, for miscellaneous fees and expenses, including costs and fees associated with litigation, either within or outside of the bankruptcy proceedings contemplated by the Plan. Upon Plan Approval, amounts in the Administrative Fund shall be disbursed for accrued but unpaid fees and expenses and any remaining funds shall be transferred to the 524(g) Trust. Upon Plan Disapproval, amounts in the Administrative Fund shall be disbursed for accrued but unpaid fees and expenses and any remaining funds shall be returned to the USF&G Parties.

Administrative Fund. 6.01.01 Effective July 1, 1993, all employers signatory to this labor agreement with the Oregon-Columbia Chapter, NECA designated as their collective bargaining agent shall contribute .50% of gross labor payroll for each employee covered by this labor agreement to the Administrative Maintenance Fund. The monies are for the purpose of administration of the collective bargaining agreement, grievance handling and all other management duties and responsibilities in this agreement. No part of the funds collected shall be used for any purpose which is held to be in conflict with the interests of the International Brotherhood of Electrical Workers and its local unions. The enforcement of delinquent payments and administration is the sole responsibility of the Oregon-Columbia Chapter, NECA.

Administrative Fund. Defendants agree to fund the Administrative Fund, separate and apart from the Settlement Fund, in the amount of $ 75,000. The funding of the $75,000 shall occur no later than five (5) business days after the date of entry by the Court of an order preliminarily approving this Settlement, provided that Lead Counsel have provided Defendants with valid wire instructions and a completed Internal Revenue Service Form W-9 for the payment by that date. Defendants shall not be obligated to fund any expenses related to the Administrative Fund exceeding $75,000. Notwithstanding the fact that the Effective Date of the Settlement has not yet occurred, Lead Counsel may pay from the Administrative Fund, all Notice and Administration Costs actually incurred and paid or payable, up to the amount of $50,000, as noted in the definition of “Administrative Fund.”