IMPACT CONTRIBUTIONS. 23.01 The Employer will contribute the amounts stipulated under the column entitled IMPACT in article l6.00 of this Agreement for all hours that an employee covered by this Agreement is employed. Such contributions will be sent to Funds Administrative Services which shall forward such amounts remitted to the appropriate office of the IMPACT Trust Fund on behalf of the Employer. The Employer's liability to the said Fund or to any beneficiary or prospective beneficiary shall be strictly limited to remittance of the contributions in the amount and the manner, and at the times set out herein.
23.02 Employers shall, not later than the l5th day of the following month the hours were worked, remit such contributions to the Funds Administrative Service at:
23.03 The parties agree that they will establish a Committee, consisting of four representatives from the Employers and two representatives from each of the Local Unions, which will meet as required to review the IMPACT program and to recommend collaborative industry applications for, and uses of, grant monies from the IMPACT Fund. The Parties to this Agreement will draft a Terms of Reference and Authorities agreement respecting the role and authority of this Committee to represent the Parties in respect to matters related to our participation in the IMPACT Program.
IMPACT CONTRIBUTIONS. The Employer shall contribute three quarters of one percent (3/4 of 1%) of the applicable hourly journeyman wage rate for each hour worked to the Ironworkers Management Progressive Action Cooperative Trust (IMPACT), a jointly trusted Cooperative Trust Fund, of which the general purpose of this Trust includes the improvement and development of the Union ironworking industry through Education, Training, Communication, Cooperation and government lobbying and legislative initiatives. The reporting, payment, frequency of payment and administration of such contributions shall be governed by the terms of the IMPACT Trust Agreement policies and resolutions.
IMPACT CONTRIBUTIONS. 23.01 The Employer will contribute the amounts stipulated under the column entitled IMPACT in article l6.00 of this Agreement for all hours that an employee covered by this Agreement is employed. Such contributions will be sent to Funds Administrative Services which shall forward such amounts remitted to the appropriate office of the IMPACT Trust Fund on behalf of the Employer. The Employer's liability to the said Fund or to any beneficiary or prospective beneficiary shall be strictly limited to remittance of the contributions in the amount and the manner, and at the times set out herein.
23.02 Employers shall, not later than the l5th day of the following month the hours were worked, remit such contributions to Element Consulting Group at: A contractor may make contributions to this fund through an electronic transfer of funds if they choose to use that method of payment.
23.03 The parties agree that they will establish a Committee, consisting of four representatives from the Employers and two representatives from each of the Local Unions, which will meet as required to review the IMPACT program and to recommend collaborative industry applications for, and uses of, grant monies from the IMPACT Fund. The Parties to this Agreement will draft a Terms of Reference and Authorities agreement respecting the role and authority of this Committee to represent the Parties in respect to matters related to our participation in the IMPACT Program.
