DE NOVO. Each contractor working under the terms of this agreement shall submit two (2) cents for each hour worked or earned to the administrator (four (4) cents effective May 1, 2008) for the local trust funds who shall distribute these funds as per the joint Denovo trust agreement to be established by the parties to this agreement. Said funds are to be used for the benefit of United Association members and Association members and their families. It is understood that the foregoing two (2) cents is comprised of one (1) cent of employer contribution and one (1) cent of employee contribution; respectively two (2) cents employer/two (2) cents employee contribution, effective May 1, 2008. Refer to Appendix A “Letter of Understanding” Re: Ottawa, Renfrew and Cornwall funds direction.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
