Collection of AFLPA Membership Dues. Upon being provided an authority by a Player under clause 34.3, an AFL Club shall deduct annual AFLPA membership dues from the payments due to a Player and shall forward payment in full to the AFLPA on or before 1 April of each year. The money deducted by an AFL Club as membership dues, pursuant to this clause, shall be held on trust by the AFL Club for the AFLPA. If the AFL Club does not forward payment in full to the AFLPA by 1 April in each year, the AFL Club must pay to the AFLPA an additional amount by way of interest calculated at bank overdraft rates of interest plus 2%, calculated daily for each day payment is delayed after 1 April of each year.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Collection of AFLPA Membership Dues. Upon being provided an authority by a Player under clause 34.332.3, an AFL Club shall deduct annual AFLPA membership dues from the payments due to a Player and shall forward payment in full to the AFLPA on or before 1 April of each year. The money deducted by an AFL Club as membership dues, pursuant to this clause, shall be held on trust by the AFL Club for the AFLPA. If the AFL Club does not forward payment in full to the AFLPA by 1 April in each year, the AFL Club must pay to the AFLPA an additional amount by way of interest calculated at bank overdraft rates of interest plus 2%, calculated daily for each day payment is delayed after 1 April of each year.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Collection of AFLPA Membership Dues. Upon being provided an authority by a Player under clause 34.336.3, an AFL Club shall deduct annual AFLPA membership dues from the payments due to a Player and shall forward payment in full to the AFLPA on or before 1 April of each year. The money deducted by an AFL Club as membership dues, pursuant to this clause, shall be held on trust by the AFL Club for the AFLPA. If the AFL Club does not forward payment in full to the AFLPA by 1 April in each year, the AFL Club must pay to the AFLPA an additional amount by way of interest calculated at bank overdraft rates of interest plus 2%, calculated daily for each day payment is delayed after 1 April of each year.
Appears in 1 contract
Samples: Collective Bargaining Agreement