Common use of INDUSTRY ADVANCEMENT FUND Clause in Contracts

INDUSTRY ADVANCEMENT FUND. 1. Effective April 1, 2019 the EMPLOYER agrees to pay the Associated General Contractors of Illinois Industry Advancement Fund (IAF) the sum of twenty cents ($0.20) per hour worked for all hours paid at straight time or overtime to each employee working under this agreement. Effective April 1, 2020 the EMPLOYER agrees to pay the Associated General Contractors of Illinois Industry Advancement Fund (IAF) the sum of twenty cents ($0.20) per hour worked for all hours paid at straight time or overtime to each employee working under this agreement. Effective April 1, 2021 the EMPLOYER agrees to pay the Associated General Contractors of Illinois Industry Advancement Fund (IAF) the sum of twenty cents ($0.20) per hour worked for all hours paid at straight time or overtime to each employee working under this agreement. 2. The contributions to the IAF shall be deposited each month, or at such other regular intervals as may be determined by the Association, to the depository designated by the Association. Such contributions shall be reported and sent to the depository designated by the Association on a form that contains other contributions. Failure of an EMPLOYER to comply with this Article shall be deemed a direct violation of the Agreement. 3. The activities of the IAF shall be determined by the Association and shall be financed from the payments herein provided for. 4. Upon request, the EMPLOYER hereby agrees to provide the designated representative of the Association its payroll records to determine compliance with this article. 5. The EMPLOYER and the Union agree that any action, including the filing of a lawsuit, by the Association to enforce this Article is not subject to any of the grievance/arbitration provisions of this agreement. If the Association files a lawsuit against an EMPLOYER to collect delinquent contributions under this Article, the EMPLOYER agrees that the Association shall be entitled to recover interest of five percent (5%) per annum on the unpaid or late-paid contributions and to recover attorneys' fees and cost.

INDUSTRY ADVANCEMENT FUND. 1. Effective April 1, 2019 the EMPLOYER The Employer agrees to pay the Associated General Contractors of Illinois Industry Advancement Fund (IAF) the sum of twenty three cents ($0.200.03) per hour worked for all hours paid at straight time or overtime to each employee working under this agreement. Effective April May 1, 2020 2019 the EMPLOYER agrees to pay the Associated General Contractors of Illinois Industry Advancement Fund (IAF) the sum of twenty cents ($0.20) per hour worked for all hours paid at straight time or overtime to each employee working under this agreement. Effective April 1, 2021 the EMPLOYER Employer agrees to pay the Associated General Contractors of Illinois Industry Advancement Fund (IAF) the sum of twenty cents ($0.20) per hour worked for all hours paid at straight time or overtime to each employee working under this agreement. 2. The contributions to the IAF shall be deposited each month, or at such other regular intervals as may be determined by the Association, to the depository designated by the Association. Such contributions shall be reported and sent to the depository designated by the Association on a form that contains other contributions. Failure of an EMPLOYER Employer to comply with this Article shall be deemed a direct violation of the Agreement. 3. The activities of the IAF shall be determined by the Association and shall be financed from the payments herein provided for. 4. Upon request, the EMPLOYER Employer hereby agrees to provide the designated representative of the Association its payroll records to determine compliance with this article. 5. The EMPLOYER Employer and the Union agree that any action, including the filing of a lawsuit, by the Association to enforce this Article is not subject to any of the grievance/arbitration provisions of this agreement. If the Association files a lawsuit against an EMPLOYER Employer to collect delinquent contributions under this Article, the EMPLOYER Employer agrees that the Association shall be entitled to recover interest of five percent (5%) per annum on the unpaid or late-paid contributions and to recover attorneys' fees and costcosts. 6. It is agreed the IAF shall not be used for lobbying in support of legislation of any kind at the municipal, state or national levels, which is anti-labor, anti-union or which the Union opposes, to support or subsidize any individual employer or contractor association in connection with any dispute with the Union, including but not limited to work stoppages, strikes, grievances, arbitrations or legal proceedings of any kind, or to support or subsidize any anti-union activity. 7. The Association shall indemnify and hold the Union harmless for any and all claims against the Union arising out of or in connection with this provision of the Agreement, the operation of the IAF or the use of contributions to the IAF.