Common use of COUNCIL FUNDS Clause in Contracts

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution. (2) The following table shall be used in determining the new NBC levy contributions: Payable by THE EMPLOYEE by means of a deduction from an employee’s wages: Calculated at 0,37% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R4,15 with effect from 1st September 2021) Payable by THE EMPLOYER: Calculated at 0,47% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R5,26 with effect from 1st September 2021) (3) The total so deducted together with an equal amount which shall be contributed by the employer shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer's business falls to reach him no later than 14 days after the end of each calendar month. (4) Should any amount due in terms of subclause (1) not be received by the Regional Chamber by the 14th 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 Regional Chamber shall be entitled in its absolute discretion to waive payment of such interest or part thereof in any individual instance. (5) In the event of the Council or Regional Chamber incurring any costs or becoming obliged to pay any collection commission by reason of the failure of the employer to make any payment on or before the due date, the employer shall then also be liable to pay forthwith all such costs of whatever nature as between attorney and client and all such collection commission, and the Council or Regional Chamber shall be entitled in its absolute discretion to allocate any payment by the employer first in satisfaction of such costs, collection commission and interest, and thereafter in reduction of the overdue capital amount.

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution. (2) The following table shall be used in determining the new NBC levy contributions: Payable by THE EMPLOYEE by means of a deduction from an employee’s wages: Payable by THE EMPLOYER: Calculated at 0,37% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R4,15 R2,36 with effect from 1st September 20212013) Payable by THE EMPLOYER: Calculated at 0,47% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R5,26 R3,00 with effect from 1st September 20212013) (3) The total so deducted together with an equal amount which shall be contributed by the employer shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer's business falls to reach him no later than 14 days after the end of each calendar month. (4) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber by the 14th day after of the date on which month it is payabledue, the employer shall forthwith be liable for and be required to pay weekly interest on such amount or such lesser amounts as remain unpaidremains unpaid at a rate determined by the Regional Chamber from time to time, calculated at from the ruling prime overdraft rate plus two % per annum1st day of the month in which the payment is due until the day upon which payment is actually received by the Regional Chamber: Provided that the Regional Chamber shall be entitled in its absolute discretion to waive payment of such interest or part thereof in any individual instance. (5) In the event of the Council or Regional Chamber incurring any costs or becoming obliged to pay any collection commission by reason of the failure of the employer to make any payment on or before the due date, the employer shall then also be liable to pay forthwith all such costs of whatever nature as between attorney and client and all such collection commission, and the Council or Regional Chamber shall be entitled in its absolute discretion to allocate any payment by the employer first in satisfaction of such costs, collection commission and interest, and thereafter in reduction of the overdue capital amount.

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution. (2) The following table shall be used in determining the new NBC levy contributions: Payable by THE EMPLOYEE by means of a deduction from an employee’s wages: Calculated at 0,37% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R4,15 R1.77 with effect from 1st September 20212010 and with effect from 1st January 2011, the rand value will equate to R1.81) Payable by THE EMPLOYER: Calculated at 0,47% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R5,26 R2,25 with effect from 1st September 20212010 and with effect from 1st January 2011, the rand value will equate to R2, 30) (3) The total so deducted together with an equal amount which shall be contributed by the employer shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer's business falls to reach him no later than 14 days after the end of each calendar month. (4) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber by the 14th day after of the date on which month it is payabledue, the employer shall forthwith be liable for and be required to pay weekly interest on such amount or such lesser amounts as remain unpaidremains unpaid at a rate determined by the Regional Chamber from time to time, calculated at from the ruling prime overdraft rate plus two % per annum1st day of the month in which the payment is due until the day upon which payment is actually received by the Regional Chamber: Provided that the Regional Chamber shall be entitled in its absolute discretion to waive payment of such interest or part thereof in any individual instance. (5) In the event of the Council or Regional Chamber incurring any costs or becoming obliged to pay any collection commission by reason of the failure of the employer to make any payment on or before the due date, the employer shall then also be liable to pay forthwith all such costs of whatever nature as between attorney and client and all such collection commission, and the Council or Regional Chamber shall be entitled in its absolute discretion to allocate any payment by the employer first in satisfaction of such costs, collection commission and interest, and thereafter in reduction of the overdue capital amount.

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution. (2) The following table shall be used in determining the new NBC levy contributions: Payable by THE EMPLOYEE by means of a deduction from an employee’s wages: Calculated at 0,37% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R4,15 R3,98 with effect from 1st September March 2021) Payable by THE EMPLOYER: Calculated at 0,47% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R5,26 R5,05 with effect from 1st September March 2021) (3) The total so deducted together with an equal amount which shall be contributed by the employer shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer's business falls to reach him no later than 14 days after the end of each calendar month. (4) Should any amount due in terms of subclause (1) not be received by the Regional Chamber by the 14th 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 Regional Chamber shall be entitled in its absolute discretion to waive payment of such interest or part thereof in any individual instance. (5) In the event of the Council or Regional Chamber incurring any costs or becoming obliged to pay any collection commission by reason of the failure of the employer to make any payment on or before the due date, the employer shall then also be liable to pay forthwith all such costs of whatever nature as between attorney and client and all such collection commission, and the Council or Regional Chamber shall be entitled in its absolute discretion to allocate any payment by the employer first in satisfaction of such costs, collection commission and interest, and thereafter in reduction of the overdue capital amount.

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution. (2) The following table shall be used in determining the new NBC levy contributions: Payable by THE EMPLOYEE by means of Payable by THE EMPLOYER: a deduction from an employee’s wages: Calculated at 0,37% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R4,15 with effect from 1st September 2021) Payable by THE EMPLOYER: Calculated at 0,47% of a qualified machinist’s rate of pay in “other areas” as machinist’s rate of pay in “other areas” as defined in the attached wage schedule defined in the attached wage schedule (This equates to R5,26 R3,10 with effect from 1st (This equates to R3,94 with effect from 1st September 20212016) September 2016) (3) The total so deducted together with an equal amount which shall be contributed by the employer shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer's business falls to reach him no later than 14 days after the end of each calendar month. (4) Should any amount due in terms of subclause (1) not be received by the Regional Chamber by the 14th 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 Regional Chamber shall be entitled in its absolute discretion to waive payment of such interest or part thereof in any individual instance. (5) In the event of the Council or Regional Chamber incurring any costs or becoming obliged to pay any collection commission by reason of the failure of the employer to make any payment on or before the due date, the employer shall then also be liable to pay forthwith all such costs of whatever nature as between attorney and client and all such collection commission, and the Council or Regional Chamber shall be entitled in its absolute discretion to allocate any payment by the employer first in satisfaction of such costs, collection commission and interest, and thereafter in reduction of the overdue capital amount.

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution. (2) The following table shall be used in determining the new NBC levy contributions: Payable by THE EMPLOYEE by means of a deduction from an employee’s wages: Calculated at 0,37% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R4,15 R2,14 with effect from 1st September 20212012) Payable by THE EMPLOYER: Calculated at 0,47% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R5,26 R2,72 with effect from 1st September 20212012) (3) The total so deducted together with an equal amount which shall be contributed by the employer shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer's business falls to reach him no later than 14 days after the end of each calendar month. (4) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber by the 14th day after of the date on which month it is payabledue, the employer shall forthwith be liable for and be required to pay weekly interest on such amount or such lesser amounts as remain unpaidremains unpaid at a rate determined by the Regional Chamber from time to time, calculated at from the ruling prime overdraft rate plus two % per annum1st day of the month in which the payment is due until the day upon which payment is actually received by the Regional Chamber: Provided that the Regional Chamber shall be entitled in its absolute discretion to waive payment of such interest or part thereof in any individual instance. (5) In the event of the Council or Regional Chamber incurring any costs or becoming obliged to pay any collection commission by reason of the failure of the employer to make any payment on or before the due date, the employer shall then also be liable to pay forthwith all such costs of whatever nature as between attorney and client and all such collection commission, and the Council or Regional Chamber shall be entitled in its absolute discretion to allocate any payment by the employer first in satisfaction of such costs, collection commission and interest, and thereafter in reduction of the overdue capital amount.

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution. (2) The following table shall be used in determining the new NBC levy contributions: Payable by THE EMPLOYEE by means of a deduction from an employee’s wages: Calculated at 0,37% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R4,15 R2,87 with effect from 1st September 20212015) Payable by THE EMPLOYER: Calculated at 0,47% of a qualified machinist’s rate of pay in “other areas” as defined in the attached wage schedule (This equates to R5,26 R3,65 with effect from 1st September 20212015) (3) The total so deducted together with an equal amount which shall be contributed by the employer shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer's business falls to reach him no later than 14 days after the end of each calendar month. (4) Should any amount due in terms of subclause (1) this clause not be received by the Regional Chamber by the 14th day after of the date on which month it is payabledue, the employer shall forthwith be liable for and be required to pay weekly interest on such amount or such lesser amounts as remain unpaidremains unpaid at a rate determined by the Regional Chamber from time to time, calculated at from the ruling prime overdraft rate plus two % per annum1st day of the month in which the payment is due until the day upon which payment is actually received by the Regional Chamber: Provided that the Regional Chamber shall be entitled in its absolute discretion to waive payment of such interest or part thereof in any individual instance. (5) In the event of the Council or Regional Chamber incurring any costs or becoming obliged to pay any collection commission by reason of the failure of the employer to make any payment on or before the due date, the employer shall then also be liable to pay forthwith all such costs of whatever nature as between attorney and client and all such collection commission, and the Council or Regional Chamber shall be entitled in its absolute discretion to allocate any payment by the employer first in satisfaction of such costs, collection commission and interest, and thereafter in reduction of the overdue capital amount.