Industry Benefit Fund Sample Clauses

Industry Benefit Fund. The Employer agrees to establish a benefit fund known as the “Industry Benefit Fund. The Fund shall reimburse Employers for W.C.B. supplements (see Article 12.1), leave for Jury Duty and Bereavement Leave (see Article 13) for earnings made to employees. In addition, fifty percent (50%) of the hourly contributions shall be designated to fund the Construction Industry Rehabilitation Program to assist Local 258 members and immediate family members. Funding shall be provided by the Employer who shall contribute a sum equal to $0.04 per hour paid for each employee covered by this Collective Agreement. The funds shall be remitted to and administered by D.A. Townley and Associates and shall be remitted not later than fifteen (15) days after the termination of the calendar month in which the hours were worked. Cheques may be post dated the fifteenth (15th) of the month. There shall be a penalty of fifteen percent (15%) per month for late remittances with a minimum of twenty-five dollars ($25.00).
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Industry Benefit Fund. The Parties agree to participate in a joint CLR and BCBCBTU affiliate review of the potential benefits of establishing a multi-trade Industry Benefit Fund and to implement such fund if the Parties to the October 26, 2011 signed MOA mutually agree on the benefits and outcomes of establishing such a Plan and Fund.
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Industry Benefit Fund. The Parties agree to participate in a joint CLR and BCBCBTU affiliate review of the potential benefits of establishing a multi-trade Industry Benefit Fund and to implement such a fund if the Parties mutually agree on the benefits and outcomes of establishing such a Plan and Fund. IUOE Local 115 Heav Construction Standard Commercial/Institutional A reement Ma 01, 2019 to A ril 30, 2023 (£/1)l tfR_ SIGNATURE OF Dated this day of 2019. Signed on behalf of: Construction Labour Relations Association of BC Dated this ;1 Cfday of November, 2019. Signed on behalf of: International Union of Operating Engineers, Local 11 JUOE Local 115 Heav Construction Standard Commercial/Institutional A reement Ma 01, 2019 to A ril 30, 2023 OE HEAVY CONSTRUCTION - COMMERCIAL/INSTITUTIONAL MONETARY PACKAGE BREAKDOWN INSIDE LOWER MAINLAND/FRASER VALLEY Schedule "A1" shall apply to all commercial and/or institutional projects which are located inside the Lower Mainland/Fraser Valley. April 01, 2019 June 17, May 1, May 1, May 1, EXPIRY 2019 2020 2021 2022 35.28 36.75 37.02 37.27 37.57 2.82 2.94 2.96 2.98 3.01 Group 1 Minimum Straight time Hourly Wage Rate Vacation and General Holiday Pay (8%) Union Benefit Plan 2.70 2.70 2.70 2.70 2.70 Union Pension Plan 6.15 6.15 6.15 6.15 6.15 CLR Dues 0.13 0.13 0.13 0.13 0.13 Rehabilitation Fund 0.02 0.04 0.04 0.04 0.04 JAPlan 1 n/a n/a n/a n/a n/a BCBCBTU Fund 0.05 0.05 0.05 0.05 0.05 D&A Policy 0.01 0.01 0.01 0.01 0.01 IUOETA Fund 0.67 0.67 0.70 0.75 0.75 Tool Allowance Fund n/a 0.06 0.06 0.06 0.06 OE Advancement Fund n/a 0.17 0.17 0.17 0.17 Total Package 47.83 49.67 49.99 50.31 50.64 1. Effective May 1, 2018 the JAPlan Contribution has been suspended until further notice • Track Excavator (7 yards and up to 10 yards) • Shovels, all attachments (10 yards and up to 15 yards) (Apprentice/Trainee required) • Front End Loaders and Scoop Trams, all types (10 yards and up to 15 yards) • Heavy Duty Mechanics, Welders, Mechanic Electrician, Bodyperson Painters IUOE Local 115 Heav Construction Standard Commercial/Institutional A reement Ma 01, 2019 to A ril 30, 2023 Schedule "A1" shall apply to all commercial and/or institutional projects which are located inside the Lower Mainland/Fraser Valley. June 17, May 1, May 1, May 1, Group2 EXPIRY 2019 2020 2021 2022 Minimum Straight time Hourly Wage Rate 34.93 36.40 36.67 36.92 37.22 Vacation and General Holiday Pay (8%) 2.79 2.91 2.93 2.95 2.98 Employer Contributions: Union Benefit Plan 2.70 2.70 2.70 2.70 2.70...
Sample 1
Industry Benefit Fund. The Employer agrees to establish a benefit fund known as the “Industry Benefit Fund. The Fund shall reimburse Employers for W.C.B. supplements (see Article 12.1), leave for Jury Duty and Bereavement Leave (see Article 13) for earnings made to employees. Fifteen ($0.15) cents per hour shall be contributed to the Industry Benefit Fund. Six ($0.06) cents per hour of shall be contributed by the employee and nine ($0.09) cents per hour by the employer for each employee covered by this Collective Agreement. Two cents ($0.02) of the Industry Benefit Fund contributions shall be designated to fund the Construction Industry Rehabilitation Program to assist Local 258 members and immediate family members. The funds shall be remitted to and administered by D.A. Townley and Associates and shall be remitted not later than fifteen (15) days after the termination of the calendar month in which the hours were worked. Cheques may be post dated the fifteenth (15th) of the month. There shall be a penalty of fifteen percent (15%) per month for late remittances with a minimum of twenty-five dollars ($25.00).
Sample 1

Related to Industry Benefit Fund

  • Economic Benefit The Bank shall determine the economic benefit attributable to the Executive based on the life insurance premium factor for the Executive’s age multiplied by the aggregate death benefit payable to the Beneficiary. The “life insurance premium factor” is the minimum factor applicable under guidance published pursuant to Treasury Reg. § 1.61-22(d)(3)(ii) or any subsequent authority.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

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