Common use of Contribution and Rate Payments Clause in Contracts

Contribution and Rate Payments. The Retirement Plan shall continue in force and effect in accor- dance with its provisions, which include the power of its Trustees to revise the amounts of the pension benefits and the conditions under which benefits will be paid provided such Plan is in compliance with law. As of August 1, 2013 the Company shall pay into said Plan $9.703 per hour for all hours worked up to a maximum of 40 hours per week for every full-time seniority employee. The contri- bution rate per member per month effective August 1, 2014, August 1, 2015, August 1, 2016, August 1, 2017 and August 1, 2018, is to be determined by the Board of Trustees in consultation with the Fund actuaries. Payment shall be made on or before the 10th day of each calendar month.

Appears in 4 contracts

Samples: Parcel Service Supplemental Agreement, Parcel Service Supplemental Agreement, Master United Parcel Service Agreement

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Contribution and Rate Payments. The Retirement Plan shall continue in force and effect in accor- dance with its provisions, which include the power of its Trustees to revise the amounts of the pension benefits and the conditions under which benefits will be paid provided such Plan is in compliance with law. As of August 1, 2013 2007 the Company shall pay into said Plan $9.703 7.172 per hour for all hours worked up to a maximum of 40 hours per week for every full-time seniority employee. The contri- bution rate per member per month effective August 1, 20142008, August 1, 20152009, August 1, 20162010, August 1, 2017 2011 and August 1, 20182012, is to be determined by the Board of Trustees in consultation with the Fund actuaries. Payment shall be made on or before the 10th day of each calendar month.

Appears in 1 contract

Samples: Parcel Service Supplemental Agreement

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Contribution and Rate Payments. The Retirement Plan shall continue in force and effect in accor- dance accordance with its provisions, which include the power of its Trustees to revise the amounts of the pension benefits and the conditions under which benefits will be paid provided such Plan is in compliance with law. As of August 1, 2013 2007 the Company shall pay into said Plan $9.703 7.172 per hour for all hours worked up to a maximum of 40 hours per week for every full-time seniority employee. The contri- bution contribution rate per member per month effective August 1, 20142008, August 1, 20152009, August 1, 20162010, August 1, 2017 2011 and August 1, 20182012, is to be determined by the Board of Trustees in consultation with the Fund actuaries. Payment shall be made on or before the 10th day of each calendar month.

Appears in 1 contract

Samples: Parcel Service Supplemental Agreement

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