Common use of HEALTH AND WELFARE PAYMENTS Clause in Contracts

HEALTH AND WELFARE PAYMENTS. The Employers agree to contribute a sum of money established by the Trustees of the appropriate Health & Welfare Fund as designated by the Union for each hour worked whether at regular or overtime rates for all employees represented by the Indiana/Kentucky/Ohio Regional Council of Carpenters and its affiliated Local Unions. The aforesaid employer contributions shall be paid to the appropriate Health & Welfare Fund as designated by the Union. Any increases established by the Trustees shall be taken from the total negotiated package on the anniversary dates of the Agreement. The aforesaid Welfare Funds are administered pursuant to Agreements and Declarations of Trust. These Agreements and Declarations of Trust, together with all amendments, are incorporated by reference in this Agreement and shall be considered a part of this Agreement. The Employer agrees that the Employer Trustee Representative presently serving as Employer Trustees shall act during their term of office as the Employer’s Representative in connection with the Trust Estate of the Welfare Fund. The payment of the Employer’s contribution to the Fund shall be made monthly only to the Trusteeship on a date and in a manner and form that shall be prescribed by the Trustees of the Welfare Fund. It is understood and agreed that the Welfare Fund contributions are due and payable on the 20th of each month, and that failure of any Employer to make his Welfare Fund payment by the 20th of the month on which it is due or for repeated failure to meet this payment by the 20th of each month, shall subject said Employer to the penalties as described in Article 17. If the Welfare Fund is held to be improper or illegal under any applicable state or federal law during the term of this Agreement, the Employer may cease payment to said Welfare Fund, and at such time, further negotiations may take place between the parties with respect to the Health and Welfare Plan.

HEALTH AND WELFARE PAYMENTS. The Employers agree to contribute a sum of money established by the Trustees of the appropriate Health & Welfare Fund as designated by the Union for each hour worked whether at regular or overtime rates for all employees represented by the Indiana/Kentucky/Ohio Kentucky Regional Council of Carpenters and its affiliated Local Unions. The aforesaid employer contributions shall be paid to the appropriate Health & Welfare Fund as designated by the Union. Any increases established by the Trustees shall be taken from the total negotiated package on the anniversary dates of the Agreement. The aforesaid Welfare Funds are administered pursuant to Agreements and Declarations of Trust. These Agreements and Declarations of Trust, together with all amendments, are incorporated by reference in this Agreement and shall be considered a part of this Agreement. The Employer agrees that the Employer Trustee Representative presently serving as Employer Trustees shall act during their term of office as the Employer’s Representative in connection with the Trust Estate of the Welfare Fund. The payment of the Employer’s contribution to the Fund shall be made monthly only to the Trusteeship on a date and in a manner and form that shall be prescribed by the Trustees of the Welfare Fund. It is understood and agreed that the Welfare Fund contributions are due and payable on the 20th 10th of each month, and that failure of any Employer to make his Welfare Fund payment by the 20th of the month on which it is due or for repeated failure to meet this payment by the 20th 10th of each month, shall subject said Employer to the penalties as described in Article 17. If the Welfare Fund is held to be improper or illegal under any applicable state or federal law during the term of this Agreement, the Employer may cease payment to said Welfare Fund, and at such time, further negotiations may take place between the parties with respect to the Health and Welfare Plan.