FUND PAYMENTS Sample Clauses

FUND PAYMENTS. There shall be an allocated rate per hour for a Pension Fund. Funds to be administered as agreed upon by the Trustees of the St. Louis District Council and Vicinity. The said Pension Fund shall be administered jointly by an equal number of representatives of the Employers and the Union, which Agreement and Declaration of Trust, together with any amendments thereto, shall be considered as part of this agreement as though set forth here at length. It is agreed any employer who is delinquent over thirty (30) days on Welfare and Pension payments will be held for any and all claims which may arise out of his delinquency. Ironworkers Local #782 reserves the right to place wage increases in properly trusted benefits if so desired. Such fringe benefits shall be limited to Health & Welfare, Pension and Annuity Funds. A thirty (30) day notice by the Union to the employer is required.

FUND PAYMENTS. Effective (see schedule for the Local Unions attached), the Employer agrees to pay the sum of (see schedule) cents per hour for each hour or portion thereof worked, whether at regular or overtime rates, by all employees coming under this Collective Bargaining Agreement to the Laborers National Pension Fund (hereinafter referred to as the Pension Fund). The said Pension Fund shall be administered pursuant to the Agreement and Declaration of Trust dated July 1, 1967. A copy of this Agreement and Declaration of Trust, together with any amendments thereto, is attached to this Agreement and shall be considered a part of this Agreement. This payment of the Employer’s contributions to the Pension Fund shall be made monthly to the Trusteeship on a date and in a manner and form prescribed by the Trustees of the Pension Fund. Employees working under the terms of this Agreement, may in writing, designate that Pension contributions be sent to the home fund of the employee (money follows the man).

FUND PAYMENTS. 3.1 The Parties acknowledge that pursuant to the provisions of clause 7 of the CSA, IBI has paid CMC the Fund comprising US$[**] US dollars) and that: 3.1.1 US$[**] US dollars) of the Fund shall be irrevocably paid to CMC for the settlement of the CSA Breach and MSA Breach (“IBI Payment”) and shall cease to be part of the Fund or subject to the CSA, and such IBI Payment shall be non-refundable and not repayable under clause 7.2.2 of the CSA or otherwise; 3.1.2 clause 7.2 of the CSA shall be amended such that Fund shall now mean a fund with an amount of US$[**] US dollars); 3.1.3 IBI shall not be obliged to replenish the Fund beyond a value of US$[**] US dollars); provided, however, that if IBI or any party who acquires all or substantially all of IBI’s rights to IB1001 (the “Acquiror”) decides to increase the Maximum Value above sixteen (16) Batches, IBI or the Acquiror must comply with Section 5.2 hereof; and, 3.1.4 IBI hereby waives and forever releases CMC from any rights IBI may have in respect of the IBI Payment.

FUND PAYMENTS. During the term of this Agreement, Xxxxxxx agrees to collect and pay Grantor one and one-half percent (1.5%) of gross revenues per month to support the Capital equipment and facility needs of PEG Access, which funds shall be used in accordance with applicable federal law. Nothing in this Section 12 shall be viewed as a waiver of Grantor’s rights to use the funds provided to Grantor in this Section 12.1 for any lawful purpose permitted under applicable federal law. Grantee shall make such payments monthly, following the Effective Date of this Agreement. Each payment shall be due and payable no later than forty-five (45) days after the end of each month.

FUND PAYMENTS. Said Employer agrees to contribute, in addition to the hourly wage rate, to a Pension Fund known as the Indiana State Council of Plasterers' and cement Masons' Pension Fund. Contributions to the Pension Fund shall be as set forth under Article X – Wages. Said Fund shall be administered as provided for in Section 302 of the Xxxx-Xxxxxxx Act, as amended. In the event the Pension Fund is discontinued, any hourly contributions heretofore directed to such Fund shall immediately be added directly to the employees' hourly wage rate.

FUND PAYMENTS. Payments to all jointly administered funds as provided in this Agreement shall be due not later than the twentieth (20th) of each month for each Employer subject to this Agreement. Hourly contributions for the previous work month, if not paid by the twentieth (20th) of the following month, shall be considered delinquent. Employer contributions shall be paid directly to the Trust Fund, and no person or entity, including an employee, Employer, Association of Employers or Union is authorized (a) to receive payment of any kind on the Fund’s behalf, or (b) to make any representation or to enter into any agreement on the Fund’s behalf. Contributions are due not later than the 20th of each month for hours worked during the preceding month, and if not paid by the 20th of the month, shall be considered delinquent. If the Employer fails to pay the full amount of the Employer contribution within five (5) days of receipt of a notice of delinquency, the Trustees may require the Employer to pay (a) the full amount of the unpaid Employer contribution, (b) interest on the unpaid Employer contribution at the rate of twelve percent (12%) per annum from the date such payment was due, and (c) liquidated damages in an amount equal to the greater of the total interest due on the unpaid Employer contribution or twenty percent (20%) of the total unpaid Employer contribution. In the event of employment of an attorney for collection of the Employer contribution, whether by suit or otherwise, the Employer shall pay the reasonable fees for the Fund’s attorney in connection with such collection and, if suit be initiated, all Court costs. If requested by the Trustees, an Employer shall furnish (a) a written statement from a certified public accountant certifying that the Employer has paid all Employer contributions required under the Plan, and (b) any additional information the Trustees deem necessary to determine if the Employer is fulfilling all obligations under the Trust Fund. If requested by the Trustees, an Employer shall make available to the Trustees’ designee all records the Trustees deem necessary to determine if the Employer is fulfilling all obligations under the Trust. The Trustees shall make such requests in writing and shall deliver the requests to the Employer at least ten (10) working days before the requested examination date. The Trustees’ designee shall be a certified public account who is not an officer, member, or employee of either the Union or another Employer. ...