Common use of Employment Stability Fund Clause in Contracts

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.

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) - – Full-Time 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.

Employment Stability Fund. The College shall make available to the ESC for the purposes set out in Article 14.614.7, 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. 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.

Employment Stability Fund. The College shall make available to the ESC for the purposes set out in Article 14.614.7, 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.