Employer Payments for Fringe Benefits Sample Clauses

Employer Payments for Fringe Benefits. (A) The parties hereto agree that commencing May 1, 2005, every Employer, under the terms of this Collective Bargaining Agreement, employing journeymen plumbers and apprentices represented by LOCAL UNION, shall contribute the following sums per hour for the hours compensated (contributions shall be double (2x) or one and one-half (1-1/2x) the regular rate per hour for each hour of overtime worked, in accordance with ARTICLE II, Sections 1 through 6, and one (1) plus fifteen percent (15%) times the regular rate per hour for each hour of shift work worked, including reporting time, which shall be compensated for), by all journeymen plumbers and apprentices employed by said respective Employers, which shall be paid by checks to the order of Wachovia Bank or to such successor of said company as the Trustees of the below-listed Plans may from time to time designate (hereinafter called “Depository”) as the Depository for said contribution, and shall be mailed to The Industry Fund Building, 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxxxxxx, XX 00000. Said contributions shall be in such sums and shall be allocated as follows: Commencing May 1, 2005 Journeymen: Health Plan $ 8.66 Health Plan - Eligibility Maintenance $ 0.50 Pension Plan - Regular Contribution $ 5.10 Pension Plan Additional Contribution Program $ 0.50 Pension Plan Non-Credited Contribution $ 0.42 Supplemental Retirement Plan $ 3.31 Apprentice Training Plan $ 0.42 UA Training Fund $ 0.05 Industry Fund $ 0.22 Scholarship $ 0.05 Total $ 19.23 Apprentices: Health Plan $ 8.66 Health Plan - Eligibility Maintenance $ 0.50 Pension Plan - Regular Contribution $ 1.25 Pension Plan Additional Contribution Program $ 0.20 Pension Plan Non-Credited Contribution $ 0.80 Supplemental Retirement Plan $ 0.70 Apprentice Training Plan $ 0.42 UA Training Fund $ 0.05 Industry Fund $ 0.22 Scholarship $ 0.05 Total $ 12.85 In accordance with ARTICLE III, Section 1, the Union shall have the option of applying such portion or portions of the wage increase provided for on May 1, 2005, to fringe benefits, including the Pension Plan, the Supplemental Retirement Plan, and the Health Plan, or such other Plan as might be created from time to time. Effective May 1, 2005, Employer contributions to the Industry Fund may be increased each year by an additional $.01 per hour at the option of the EMPLOYERS’ ASSOCIATION. At any time on or after May 1, 2005, upon the mutual agreement of the parties, this Agreement may be reopened for the sole purpose of i...
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Related to Employer Payments for Fringe Benefits

  • Program Benefits Under the Probation Status, the Participating Contractor will be eligible for all contractor incentives, its customers will have access to financing offered through the Program, and income- eligible households will be eligible to receive Program incentives.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Public Benefits This Agreement provides assurances that the Public Benefits identified below will be achieved and developed in accordance with the Applicable Rules and Project Approvals and with the terms of this Agreement and subject to the City’s Reserved Powers. The Project will provide Public Benefits to the City, including without limitation:

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • ' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Eligibility for Sick Leave with Pay Employees shall be eligible for sick leave with pay immediately upon accrual.

  • Eligibility for Overtime Compensation (a) Overtime compensation rates for all hours worked in excess of the workday and workweek identified below shall be as follows:

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