Employment Stability Fund Sample Clauses

Employment Stability Fund. The College shall make available to the ESC for the purposes set out in Article 14.6, an annual contribution, covering the period of September 1 to August 31, to the Employment Stability Fund (ESF) on September 1 of each year, an amount equal to $50.00 per full-time member of the bargaining unit at the College (as of August 1 in each year). Where the amount of the ESF is equal to or exceeds an amount equal to $500.00 per full-time member of the bargaining unit at the College (as of August 1 in each year), the obligation of the College to contribute shall be suspended until the fund is again below that amount. In such a case, the next annual contribution required by the College shall be $50.00 per full-time member of the bargaining unit at the College (as of August 1 in each year), or the amount required to restore the ESF to $500.00 per full-time member, whichever is less. The ESF shall be maintained in a separate joint trust account at a bank or other financial institution at which the College maintains one or more of its accounts and through the authority of the ESC, the chief financial officer shall disburse funds as directed. The joint account shall be named "(College name) - Support Staff Employment Stability Fund". The books and records of this fund shall be open for inspection by any member of the ESC at any time during regular business hours. Any requisition for a cheque and/or withdrawal from an account in which the ESF is maintained shall be countersigned by one member of the ESC appointed by the College and by one member appointed by the Local Union.
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Employment Stability Fund. The College shall make available to the for the purposes set out in Article an annual contribution, covering the period of September to August to the Employment Stability Fund on September of each year, an amount equal to per full-time member of the bargaining unit at the College (as of August in each year). Where the amount of the is equal to or exceeds an amount equal to per full-time member of the bargaining unit at the College (as of August in each year), the obligation of the College to contribute shall be suspended until the fund is again below that amount. In such a case, the next annual contribution required by the College shall be per full-time member of the bargaining unit at the College (as of August in each year), or the amount required to restorethe to per full-time member, whichever is less. The shall be maintained in a separate joint trust account at a bank or other financial institution at which the College maintains one or more of its accounts and through the authority of the the chief financial officer shall disburse funds as Support Staff Collective Agreement directed. The joint account shall be named "(College name) Support Staff Employment Stability Fund". The books and records of this fund shall be open for inspection by any member of the at any time during regular business hours. Any requisition for a cheque andlor withdrawal from an account in which the is maintainedshall be countersigned by one member of the appointed by the College and by one member appointed by the Local Union. Administration of the Employment Stability Fund The shall administer and make decisions with respect to the by using the or such portion as the considers appropriate, to facilitate employment stability strategies, both long-term and short-term] and for training or retraining. Surplus funds, if any, that are not immediately required for this purpose, may be invested at the instructions of the in any account or certificate of deposit maintained andlor issued by a bank or financial institution.
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Related to Employment Stability Fund

  • EMPLOYMENT STABILITY 28.01 A The parties hereto subscribe to certain objectives and principles as follows:

  • Employment Status This Agreement does not constitute a contract of employment or impose upon Executive any obligation to remain as an employee, or impose on the Company any obligation (i) to retain Executive as an employee, (ii) to change the status of Executive as an at-will employee or (iii) to change the Company’s policies regarding termination of employment.

  • TEACHER EMPLOYMENT 8.1. The Board agrees to employ only those teachers who hold at least a bachelors degree from an accredited college or university and are certifiable by the New Hampshire State Department of Education. This provision shall not apply in the instance where the availability of personnel is critical and an appropriate waiver is granted by the New Hampshire State Department of Education.

  • Employee Orientation Each and every person working for a contractor, including sub- contractors, will be given an orientation to familiarize them with the site safety program. Unless otherwise specified, each sub-contractor is responsible for the orientation of their workers.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

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