Common use of HOUSE FUND Clause in Contracts

HOUSE FUND. A. All members of the Bargaining Unit shall be enrolled as members of the House Fund and have a monthly fee for such fund deducted from their payroll. Employees shall hold the District harmless for House Fund provisions. B. Employees temporarily assigned to day assignment shall continue to contribute their Bargaining Unit’s House Fund amount but the Day House Fund amount shall be deducted from that amount. For example, if the Station House Fund amount is $25.00 and the Administration House Fund amount is $5.00 then $20.00 shall go to the Station House Fund and the $5.00 shall go to the Administration House Fund. C. For the duration of this contract, there shall be an inflation rate of one dollar ($1.00) per year to be collected on a monthly basis. For example: 1st Year: $25.00 + $1.00 = $26.00 2nd Year: $26.00 + $1.00 = $27.00

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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HOUSE FUND. A. All members of the Bargaining Unit shall be enrolled as members of the House Fund and have a monthly fee for such fund deducted from their payroll. Employees shall hold the District harmless for House Fund provisions. As of January 1, 2023 the House Fund is $42.00. B. Employees temporarily assigned to day assignment shall continue to contribute their Bargaining Unit’s House Fund amount but the Day House Fund amount shall be deducted from that amount. For example, if the Station House Fund amount is $25.00 and the Administration House Fund amount is $5.00 then $20.00 shall go to the Station House Fund and the $5.00 shall go to the Administration House Fund. C. For the duration of this contract, there shall be an inflation rate of one dollar ($1.00) per year to be collected on a monthly basis. For example: 1st Year: $25.00 42.00 + $1.00 = $26.00 43.00 2nd Year: $26.00 43.00 + $1.00 = $27.0044.00

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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HOUSE FUND. A. All members of the Bargaining Unit shall be enrolled as members of the House Fund and have a monthly fee for such fund deducted from their payroll. Employees shall hold the District harmless for House Fund provisions. As of January 1, 2023 the House Fund is $42.00. B. Employees temporarily assigned to day assignment shall continue to contribute their Bargaining Unit’s House Fund amount but the Day House Fund amount shall be deducted from that amount. For example, if the Station House Fund amount is $25.00 and the Administration House Fund amount is $5.00 then $20.00 shall go to the Station House Fund and the $5.00 shall go to the Administration House Fund. C. For the duration of this contract, there shall be an inflation rate of one dollar ($1.00) per year to be collected on a monthly basis. For example: 1st Year: $25.00 42.00 + $1.00 = $26.00 43.00 2nd Year: $26.00 43.00 + $1.00 = $27.0044.00

Appears in 1 contract

Samples: Memorandum of Understanding

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