Common use of COUNCIL FUNDS Clause in Contracts

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 per week per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause (1) (b) above, and a statement in the form and manner specified by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) not be received by the Regional Chamber by the 10th day after the date on which it is payable, the employer shall pay weekly interest on such amount or such lesser amounts as remain unpaid, calculated at the ruling prime overdraft rate plus two % per annum: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 per week R2,27 per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R2,45 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause (1) (b) above, and a statement in the form and manner specified by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber Council by the 10th seventh day after the due date on in respect of which it is payable, the employer shall pay weekly interest on such amount or on such lesser amounts amount as remain unpaid, calculated at the ruling prime overdraft rate of the Council's Bankers plus two % per annumcent per annum divided by 52 or part thereof from such seventh day until the day upon which payment in cash is actually received by the Council: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 per week R1.41 per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R1.53 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause sub-clause (1) (b) above, and a statement in the form and manner specified and supplied by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber Council by the 10th seventh day after the due date on in respect of which it is payable, the employer shall pay weekly interest on such amount or on such lesser amounts amount as remain unpaid, calculated at the ruling prime overdraft rate of the Council's Bankers plus two % per annumcent per annum divided by 52 or part thereof from such seventh day until the day upon which payment in cash is actually received by the Council: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 per week R1.61 per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R1.74 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause (1) (b) above, and a statement in the form and manner specified by the Council, to the Secretary of the Council, P O Box 1142X.X. Xxx 0000, WoodstockXxxxxxxxxxxx, 79150000, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber Council by the 10th seventh day after the due date on in respect of which it is payable, the employer shall pay weekly interest on such amount or on such lesser amounts amount as remain unpaid, calculated at the ruling prime overdraft rate of the Council's Bankers plus two % per annumcent per annum divided by 52 or part thereof from such seventh day until the day upon which payment in cash is actually received by the Council: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 per week R1.82 per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R1.97 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause sub-clause (1) (b) above, and a statement in the form and manner specified and supplied by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber Council by the 10th seventh day after the due date on in respect of which it is payable, the employer shall pay weekly interest on such amount or on such lesser amounts amount as remain unpaid, calculated at the ruling prime overdraft rate of the Council's Bankers plus two % per annumcent per annum divided by 52 or part thereof from such seventh day until the day upon which payment in cash is actually received by the Council: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 per week R1.95 per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R2,11 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause (1) (b) above, and a statement in the form and manner specified by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber Council by the 10th seventh day after the due date on in respect of which it is payable, the employer shall pay weekly interest on such amount or on such lesser amounts amount as remain unpaid, calculated at the ruling prime overdraft rate of the Council's Bankers plus two % per annumcent per annum divided by 52 or part thereof from such seventh day until the day upon which payment in cash is actually received by the Council: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 R3,15 per week per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R3,39 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause (1) (b) above, and a statement in the form and manner specified by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) not be received by the Regional Chamber by the 10th day after the date on which it is payable, the employer shall pay weekly interest on such amount or such lesser amounts as remain unpaid, calculated at the ruling prime overdraft rate plus two % per annum: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 R2,45 per week per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R2,65 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause (1) (b) above, and a statement in the form and manner specified by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) not be received by the Regional Chamber by the 10th day after the date on which it is payable, the employer shall pay weekly interest on such amount or such lesser amounts as remain unpaid, calculated at the ruling prime overdraft rate plus two % per annum: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.

COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner: (a) Every employer shall, on the pay day of each week and from the first pay day after this Agreement comes into operation, deduct an amount equal to 0,23% of each employee’s wages per week calculated at the qualified machinists rate of pay up to a maximum of R3,04 per week R1.82 per week for whom minimum wages are prescribed in the Main Collective Agreement: Provided that no deduction shall be made from the wages of an employee who has worked for less than 20 hours in the week in which the deduction falls due. (b) An employer, shall, in respect of each contributor from whose wages deductions are made in terms of paragraph (a) above, contribute an amount equal to 0.23% of each employee’s wages per week, calculated at the qualified machinists’ rate of pay up to the maximum of R3,27 R1.97 per week. (2) The employer shall forward the total amounts so deducted, together with his contributions in terms of subclause (1) (b) above, and a statement in the form and manner specified by the Council, to the Secretary of the Council, P O Box 1142, Woodstock, 7915, within seven days of the end of the week in which the deductions fall due. (3) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber Council by the 10th seventh day after the due date on in respect of which it is payable, the employer shall pay weekly interest on such amount or on such lesser amounts amount as remain unpaid, calculated at the ruling prime overdraft rate of the Council's Bankers plus two % per annumcent per annum divided by 52 or part thereof from such seventh day until the day upon which payment in cash is actually received by the Council: Provided that the Council shall be entitled in its absolute discretion to waive the payment of such interest or part thereof. At the discretion of the Council, the interest may accrue to the general funds of the Council.