Fund Payment Schedule Clause Samples
The Fund Payment Schedule clause establishes the timing and amounts of payments that must be made into a fund under the agreement. It typically outlines specific dates or milestones when payments are due, and may detail the method of payment or consequences for late payments. This clause ensures that all parties are clear on their financial obligations and helps prevent disputes by providing a structured timeline for contributions.
Fund Payment Schedule. Payments to the Funds by the Employer shall be made not later than the fifteenth (15th) day of the month following the month for which such payments are made.
