Common use of Emergency Financial Assistance Fund Clause in Contracts

Emergency Financial Assistance Fund. a. The University agrees to pay the Union, by September 15, the following amounts for the an Employee Financial Assistance Fund (EFAF) to be administered by the Union. The EFAF shall be used for the sole purpose of providing financial assistance to employees in the bargaining unit on an objective basis and shall not be used for any other purpose whatsoever. 2019/20 - $45,000 2020/21 - $90,000 2021/22 - $135,000 2022/23 and every year thereafter - $180,000 2023/24 - $180,000 $190,000 2024/25 - $180,000 $200,000 2025/26 - $180,000 $205,000

Emergency Financial Assistance Fund. a. a) The University agrees to pay the Union, by September 15, the following amounts for the an Employee Financial Assistance Fund (EFAF) to be administered by the Union. The EFAF shall be used for the sole purpose of providing financial assistance to employees in the bargaining unit on an objective basis and shall not be used for any other purpose whatsoever. 2019/20 - $45,000 2020/21 - $90,000 2021/22 - $135,000 2022/23 and every year thereafter - $180,000 2023/24 - $180,000 $190,000 2024/25 - $180,000 $200,000 2025/26 - $180,000 $205,000180,000