Common use of EMPLOYEE SAVING FUND Clause in Contracts

EMPLOYEE SAVING FUND. (A) For the purpose of augmenting the funds available to employees in case of slacking periods, to encourage savings as a means of building a reserve, an employee savings plan is hereby created. (B) Monthly reporting form A payroll deduction, subject to withholding taxes, of a stipulated amount per hour for each employee covered by such collective bargaining agreement will be forwarded to the plan by each employer. The amounts deducted are determined pursuant to the aforementioned collective bargaining agreement which is incorporated by reference as a part of the Agreement. Savings deductions shall be forwarded to HealthSCOPE by each Employer not later than the 10th day of the month following the month for which the deductions are due. The amounts deducted by each employer pursuant to such collective bargaining agreement shall be forwarded to HealthSCOPE accompanied by a reporting form supplied by HealthSCOPE and completed by such employer, which shall set forth the employer, the employees covered, and the amount due for each individual employee, and the hours worked. There shall be one copy of the reporting form to be returned the HealthSCOPE and HealthSCOPE will forward a copy of such reporting form to the Union with the month-end reports. HealthSCOPE shall neither have an obligation to collect the amounts to be deducted for each employee, nor to make inquiry into the terms of the collective bargaining agreement.

EMPLOYEE SAVING FUND. (A) A. For the purpose of augmenting the funds available to employees in case of slacking periods, to encourage savings as a means of building a reserve, an employee savings plan is hereby created. (B) B. Monthly reporting form form. A payroll deduction, subject to withholding taxes, of a stipulated amount per hour for each employee covered by such collective bargaining agreement will be forwarded to the plan by each employer. The amounts deducted are determined pursuant to the aforementioned collective bargaining agreement which is incorporated by reference as a part of the Agreement. Savings deductions shall be forwarded forward to HealthSCOPE by each Employer not later than the 10th day of the month following the month for which the deductions are due. The amounts deducted by each employer pursuant to such collective bargaining agreement shall be forwarded to HealthSCOPE accompanied by a reporting form supplied by HealthSCOPE and completed by such employer, which shall set forth for the employer, the employees covered, and the amount due for each individual employee, and the hours worked. There shall be one copy of the reporting form to be returned the HealthSCOPE and HealthSCOPE will forward a copy of such reporting form to the Union with the month-end reports. HealthSCOPE shall neither have an obligation to collect the amounts to be deducted for each employee, nor to make inquiry into the terms of the collective bargaining agreement.

EMPLOYEE SAVING FUND. (A) For the purpose of augmenting the funds available to employees in case of slacking periods, to encourage savings as a means of building a reserve, an employee savings plan is hereby created. (B) Monthly reporting form A payroll deduction, subject to withholding taxes, of a stipulated amount per hour for each employee covered by such collective bargaining agreement will be forwarded to the plan by each employer. The amounts deducted are determined pursuant to the aforementioned collective bargaining agreement which is incorporated by reference as a part of the Agreement. Savings deductions shall be forwarded to HealthSCOPE by each Employer not later than the 10th 1oth day of the month following the month for which the deductions are due. The amounts deducted by each employer pursuant to such collective bargaining agreement shall be forwarded to HealthSCOPE accompanied by a reporting form supplied by HealthSCOPE and completed by such employer, which shall set forth the employer, the employees covered, and the amount due for each individual employee, and the hours worked. There shall be one copy of the reporting form to be returned the HealthSCOPE and HealthSCOPE will forward a copy of such reporting form to the Union with the month-end reports. HealthSCOPE shall neither have an obligation to collect the amounts to be deducted for each employee, nor to make inquiry into the terms of the collective bargaining agreement.