Common use of EDUCATIONAL TRAINING FUND Clause in Contracts

EDUCATIONAL TRAINING FUND. Section 1 The employer shall contribute ten (10¢) cents per regular hour worked by all Employees covered by this agreement. This ten (10¢) cent rate will continue until the total cash and investments of the Fund reach $50,000.00 at which time the rate will be reduced to five (5¢) cents. The employer also agrees that should the total cash and investments of the Fund drop below $30,000.00 the contribution shall revert back to ten (10¢) cents.

EDUCATIONAL TRAINING FUND. Section 1 The employer shall contribute ten (10¢) cents per regular hour worked by all Employees covered by this agreement. This ten (10¢) cent rate will continue until the total cash and investments of the Fund fund reach $50,000.00 at which time the rate will be reduced to five (5¢) cents. The employer also agrees that should the total cash and investments of the Fund fund drop below $30,000.00 the contribution shall revert back to ten (10¢) cents.

EDUCATIONAL TRAINING FUND. Section 1 The employer Employer shall contribute ten (10¢10) cents per regular hour worked by all Employees employees covered by this agreement. This ten (10¢10) cent rate will continue until the total cash and investments of the Fund fund reach $50,000.00 at which time the rate will be reduced to five (5¢5) cents. The employer Employer also agrees that should the total cash and investments of the Fund fund drop below $30,000.00 the contribution shall revert back to ten (10¢10) cents.

EDUCATIONAL TRAINING FUND. Section 1 The employer Employer shall contribute ten (10¢10) cents per regular hour worked by all Employees covered by this agreement. This ten (10¢10) cent rate will continue until the total cash and investments of the Fund fund reach fifty thousand dollars ($50,000.00 50,000.00), at which time the rate will be reduced to five (5¢5) cents. The employer Employer also agrees that should the total cash and investments of the Fund fund drop below $30,000.00 30,000.00, the contribution shall revert back to ten (10¢10) cents. Quarterly reports to be provided to Employer.