Common use of CAREER DEVELOPMENT FUND Clause in Contracts

CAREER DEVELOPMENT FUND. The Employer and the Union shall establish a jointly administered Career Development Fund that shall be maintained at $6,000 annually. On April 1st of each year, $6,000 shall be placed in that fund, paid eighty percent (80%) by the Employer and twenty percent (20%) by the Union. Funds remaining at the end of the year shall be carried forward to the following year. A joint committee shall be established to administer the fund and approve requests for career development. The committee shall consist of two (2) representatives of the Employer and two (2) representatives of the Union.

CAREER DEVELOPMENT FUND. The Employer and the Union shall establish a jointly administered Career Development Fund that which shall be maintained at $6,000 annually. On April 1st of each year, $6,000 shall be placed in that fund, paid eighty eight percent (80%) by the Employer and twenty percent (20%) by the Union. Funds remaining at the end of the year shall be carried forward to the following year. A joint committee shall be established to administer the fund and approve requests for career development. The committee shall consist of two (2) representatives of the Employer and two (2) representatives of the Union.