Collection of Contributions. The Trustees may use all reasonable means to collect and receive all Contributions due to the Fund, and shall, promptly after receipt, deposit such Contributions in a Trust Fund account, established in a reputable bank, trust company, or other financial institution.
Collection of Contributions. The Trustee shall have no authority over and shall have no responsibility for the administration of the Plan. The Trustee shall be under no duty to enforce the payment of any contribution to the Trust and shall not be responsible for the adequacy of the Trust to satisfy any obligations for benefits, expenses, and liabilities under the Plan. In addition to making contributions, the Employer, through the Committee, shall furnish the Trustee with such information and data relative to the Plan as is necessary for the proper administration of the Trust.
Collection of Contributions. The Trustee shall have no authority over and shall have no responsibility for the administration of the Plan or for the collection of any contributions to the Trust Fund required under the Plan, nor shall it have any authority to bring any action or proceeding to enforce the collection of any such amount or to make inquiry as to whether any such contributions received by it were properly collected or computed in accordance with the terms of the Plan.
Collection of Contributions. 2 SECTION 1.3 NON-DIVERSION OF FUNDS.................................2
Collection of Contributions. 1. The Secondary Education Council is required to collect the funds referred to in article 22.
1. The Council will do so every quarter by means of a charge, to be determined pro rata by school board on the basis of the total funds referred to in article 22.1. released by the Ministry of Education, Culture and Science and incorporated into the block grant payable to secondary schools.
2. The Secondary Education Council is not responsible for collecting funds from school boards that are not party to this CAO.
Collection of Contributions. The CPN Secretariat shall be the agent for the Trust Fund to collect all Premiums and deposit them in a separate account according to this Agreement. The Trust Fund shall be deposited in an interest bearing account and shall consist of that portion of the Premium, which is not held in other investments such as bonds, or other such secure, and interest bearing instruments. All administrative costs, including but not limited to, service fees, costs of bonds, audit fees shall be paid from the Trust Fund as authorized by the Directors.
Collection of Contributions. (a) Subject to the provisions of the Collective Agreement, all contributions to the Fund shall be payable to the Trustees of the Fund and shall be paid in a manner and form as determined by the Trustees. The Trustees may request the Employer to make the necessary reports as determined by the Trustees from time to time.
(b) The Trustees shall ensure that contributions are received in a timely fashion and ensure that the necessary steps are undertaken to enforce the collection of delinquent contributions in a timely and expeditious manner.
(c) The Employer recognizes and agrees that it is necessary for contributions to be received by the Trustees in a manner as determined by the Trustees and in a regular and timely fashion for all beneficiaries. In the event that the Trustees, on reasonable grounds, believe the contributions are not being received from an Employer in a timely fashion, the Trustees may, at the expense of the Fund, in their absolute discretion, have an Auditor for the Fund review the relevant payroll records and other related records of an Employer for purposes of determining whether the proper amount of contributions have been made to the Fund by the said Employer. The Auditor shall report to the Trustees the results of his investigation. The Employer specifically agrees that by participating in this Plan they are consenting to the utilization of an Auditor by the Trustees when the Trustees deem it necessary in accordance with this Article, and the Employer specifically agrees to cooperate fully and completely with the Auditor of the Fund.
(d) In the event that the Trustees, on reasonable grounds, believe that inadequate contributions are being made or contributions are not being made in a timely fashion and that monies are due and payable to the Trustees by an Employer, the Trustees, in their absolute discretion, may use all means available to collect the said delinquencies. The Trustees may, in their discretion, file any appropriate statutory claim to collect the delinquent amount or may commence legal action in any court of competent jurisdiction to collect the said amount. The amounts owed are deemed to be liquidated damages and the delinquent Employer, upon notice of the liability, shall pay to the Trustees all the costs of the Trustees in pursuing the delinquency, including but not limited to all damages, interest at the rate of prime plus 5% from the date of commencement of the delinquency, all legal costs on a solicitor-client basis, ...
Collection of Contributions. 1. The Contracting Parties recognize each others final administrative or judicial decisions on the collection of contributions, made under their legislations, provided that such decisions are legally enforceable.
2. The Contracting Parties will lend their good offices regarding the implementation of the decisions as referred to in paragraph 1 of this Article.
3. At the request of a competent institution the other institution will initiate legal proceedings to implement decisions as referred to in para- graph 1 of this Article in accordance with its own legislation. The costs of these proceedings shall be reimbursed by the requesting institution.
Collection of Contributions. Employer Contributions 11
Collection of Contributions. The Board shall use all reasonable means to collect and receive all Contributions due to the Trust Fund, and shall, promptly after receipt, deposit such Contributions in an account established in the name of the Public Education Benefits Trust Fund at a reputable bank, trust company, or other financial institution.
