Alaska Laborers’ Construction Industry Training Fund Sample Clauses

Alaska Laborers’ Construction Industry Training Fund. The Employers are signatory to a Trust Agreement establishing this fund made and entered into October 13th, 1967, by and between the Union and the Associated General Contractors of Alaska, Inc. The Employers will subscribe and contribute the designated amount, as per the annually published wage and fringe benefit rates sheet, per each compensable hour accredited to the Laborers in their employ to the Alaska Laborers-Training Trust Fund. There will be a separate accounting for regulatory type training.
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Alaska Laborers’ Construction Industry Training Fund. The Employers are signatory to a Trust Agreement establishing this fund made and entered into October 13th, 1967, by and between the Union and the Associated General Contractors of Alaska, Inc. It is understood that under the provisions thereof, the Employers contribute to the Trust Fund effective September 1, 2008 one dollar and twenty cents ($1.20) per each compensable hour accredited to Laborers in their employ for the purposes of training and upgrading as specified in said Trust Agreement. It is understood that the contributions are to be computed solely on the total number of compensable hours and are not to be included in wages or in computation of overtime. There will be a separate accounting for regulatory type training. The details of the plan will be determined by the Board of Trustees of the Alaska Laborers Employer Construction Industry Training Fund, in accordance with the Trust Agreement which created the Trust Fund. The Employer and the Union agree to be bound by said Trust Agreement and all lawful amendments thereto, and do further agree to accept as their representatives the Employer trustees and union trustees who constitute the Board of Trustees of said Trust Fund and their lawful successors.
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