Common use of Employment Stability Fund Clause in Contracts

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.

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 Support Staf f Collective Agreement required to restorethe restore the 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 and/or withdrawal from an account in which the is maintainedshall maintained shall 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 and/or issued by a bank or financial institution.

Employment Stability Fund. The College shall make available to the for the purposes set purposesset 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 bargainingunit 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 requiredby the College shall Collegeshall be per full-time member of memberof the bargaining unit bargainingunit at the College (as of August in each year), or the amount required to restorethe restore the 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 institutionat which the College maintains one maintainsone 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 withdrawalfrom an account in which the is maintainedshall maintained shall 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.

Employment Stability Fund. The College shall make available to the for the purposes set purposesset out in Article inArticle an annual contribution, covering the period of September to August to the Employment Stability Fund on September of Iof 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 I 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 fullperfull-time member of the bargaining unit at the College (as of August in Iin each year), or the amount required to restorethe restore the 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 and/or withdrawal from an account in which the is maintainedshall maintained shall 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 respectto 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 and/or issued by a bank or financial institution. Employment Stability Fund Arbitrator Where there is no majority decision under Article any member of the may refer the matter to the Employment Stability Fund Arbitrator There shall be an ESFA established at each College to be appointed by agreement of the Presidentof the College and the President of the Local Union. The appointment, which may be renewable by mutual agreement, shall be for one (Iy)ear, commencing on September and expiring on August In the event that the President of the College and the President of the Local Union are unable to agree upon the appointment of an ESFA, either the College or the Local Union may requestthe College Relations Commissionto appoint an ESFA and the ESFA shall, upon appointment by the College Relations Commission, havethe same powers as if the appointment had been made by the College and the Local Union. The ESFA may make any decision that the is empowered to make under Article The ESFA shall appropriate procedure and shall issue a decision within ten (1O) calendar days of the referral of the matter to the ESFA. The ESFA shall hear the representations of the parties and shall adopt the most expeditious and informal procedure possible. The decision of the ESFA shall be final and binding on the parties and any employee affected by the decision. The ESFA shall have no power to alter, modify or amend any part of the Agreement nor to make any decision inconsistent therewith. The College and the Union shall each pay one-half of the fees and expenses of the ESFA.