Common use of CFS PROGRAM FUND Clause in Contracts

CFS PROGRAM FUND. The Parties hereto are committed to the principles of the CFS Program Fund as set forth in the ILWU-PMA Pacific Coast Xxxxxxxxx and Clerks’ Agreement. Accordingly, it is agreed that the parties shall initiate the necessary steps to pro- vide participation of the Walking Bosses/Foremen in such CFS Program Fund. The Parties shall seek the necessary govern- mental approval for inclusion of the Walking Bosses/Foremen in the CFS Program Fund and such inclusion shall become ef- fective on the first of the month following such governmental approval. (Memorandum of Understanding dated September 25, 1987) DISPATCH HALL COSTS Amended November 1, 1996 Memorandum of Understand- ing as follows: Effective January 1, 1997, the PMA agrees to be obligated to pay 65% of all 1996 base year Dispatch Hall expenses and the Union agrees that each local will be obligated to pay 35% of all 1996 base year Dispatch Hall expenses. For the purpose of these obligations, the 1996 base year expenses of the Dis- patch Halls shall be the January 1, 1996 to December 31, 1996 equally shared expenses which appear on the audited financial statements. Whenever, due to reduction in dispatch hall costs or increase in the holiday cost, the average cost of a holiday ex- ceeds 15% of the 1996 base year expenses, the Union’s 35% share shall be reduced by a proportionate amount allocated to the local dispatch halls administratively by the Joint Walking Bosses/Foremen LRC. All additional jointly agreed to expens- ADDENDA es above the base year expenses shall be shared equally be- tween PMA and the Local Union. The formula for sharing ex- traordinary capital improvements shall be subject to mutual agreement of the parties. Amended by July 16, 1999, Memorandum of Understand- ing to provide the following: PMA shall be obligated to pay 85% and the Union shall be obligated to pay 15% of the 1998 base year dispatch hall ex- penses. All additional jointly agreed to expenses above the base year expenses shall be shared equally between PMA and the local Unions. This cost change shall be effective August 1, 1999. Recognizing there may be an increase in dispatch hall costs to accommodate a seven-day dispatch, in ports that don't presently have seven-day dispatch, it is agreed that the cost of these increases will be split 85/15 by the parties. (Notwithstanding the fact that PMA’s contribution towards Dispatch Hall costs is by virtue of this Agreement greater than the contribution of the ILWU Locals 91, 92, 94 and 98, and Units 29 and 46, nothing herein contained or otherwise shall in any way change or modify the basic principle and understanding of the parties as expressed in this Agreement that the Dispatch Halls shall continue in the future, as they have in the past, to be main- tained and operated jointly and equally by the ILWU and the PMA.)