Alberta Refrigeration Industry Insurance Benefit Trust Fund. Alberta Refrigeration Industry Pension Plan. Local Union Supplementary Benefit Trust Fund. Joint Educational Fund If any Contractor found by the of the respective funds to be in default in remitting payments required to be made pursuant to Articles and of this Agreement and if such default continues for twenty (20) days thereafter, he shall pay to the applicable Fund, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for each month or part thereof in which he default. The failure to pay each month shall constitute a separate offense, an shall subject the Contractor to the ten percent (10%) payment. Thereafter interest shall run at the rate of two percent (2%) per month on any unpaid arrears, including liquidated damages. Where an employee performs work that would require the Employer to contribute hourly contributions, at such hourly contribution rate as may from time to time be applicable in this Collective Agreement, then the Employer shall and shall be deemed to hold the sum deducted in trust for the Trustees of the applicable Trust Fund. Further, in the event of any liquidation, assignment or bankruptcy of such an Employer, an amount equal to the amount that is owed to the applicable Trust Fund by the Employer on whose behalf employees have performed work entitling them to receive contributions to the fund as herein provided for, deemed to be held in trust for the Trustees of this fund and such fund shall be deemed to be separate from and form no part of the estate in liquidation, assignment or bankruptcy, whether or not that I amount has fact been kept separate and apart from the Employer's own money or from the assets of the estate. The Employer shall contribute to the account named by the Trustees of the Alberta Refrigeration Industry Benefit Trust Fund the amount shown Clause of this Agreement for every hour that an employee, covered by the terms of this Agreement, employed, as indicated in Article of this Agreement. Contributions shall be made on the basis of full or half hours. All such contributions shall be recorded by the Employer on forms to be provided by the Union and listing the name of employees, social insurance numbers and hourly contributions for each employee and forwarded with a cheque in the required amount, on or before the fifteen (15th) day of the month, following the month for which such contributions are due, to the applicable trust fund named by the Trustees for deposit to the abov...
Alberta Refrigeration Industry Insurance Benefit Trust Fund. (b) Alberta Refrigeration Industry Pension Plan.
