Good and Welfare Fund Sample Clauses
The Good and Welfare Fund clause establishes a dedicated fund, typically managed by a union or employee association, to support the collective well-being of its members. Contributions to this fund are usually made by employees, employers, or both, and the money is used for purposes such as providing financial assistance during emergencies, supporting social or recreational activities, or aiding members in times of need. The core function of this clause is to ensure there are resources available to promote the general welfare and morale of the group, addressing needs that may not be covered by standard employment benefits.
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Good and Welfare Fund. The SEIU Local 503, OPEU, OSLP Local 902 Good and Welfare Fund will be maintained and administered by the Union for employees on emergency sick leave with no accumulated benefits, jury duty for more than five (5) days, or other reasons deemed justifiable by the bargaining unit. Regular employees may voluntarily donate a portion of their accrued ETO for the benefit of coworkers. The Employer shall forward such donations by check to the SEIU Local 503, OPEU, OSLP Local 902 Good and Welfare Fund. These donations shall be confidential. While the employee is receiving donated ETO, the Employer shall extend all benefits with the exception of ETO accrual for up to one-hundred-twenty (120) days. Trial service employees shall have access to donated leave.