Common use of INDUSTRY FUNDS Clause in Contracts

INDUSTRY FUNDS. 18.01 (a) The Employer shall contribute to the Ontario Painting Contractors Association Industry Fund for each hour worked by each employee covered by the Agreement the amounts listed below in accordance with the schedule listed below: Effective Date TOTAL OPCA Fund HST (13%) May 1, 2018 $0.48 $0.42 $0.06 August 4, 2019 $0.32 $0.28 $0.04 May 1, 2020 $0.32 $0.28 $0.04 May 1, 2021 $0.32 $0.28 $0.04 This Fund shall be administered through the office of the Benefit Plan Administrator. The Industry Fund amounts on receipt shall be immediately paid to the Ontario Painting Contractors Association as each Employer’s contribution to the cost of general administrative and/or operating use and the general advancement of the painting and decorating business.

INDUSTRY FUNDS. 18.01 (a) The Employer shall contribute to the Ontario Painting Contractors Association Industry Fund for each hour worked by each employee covered by the Agreement the amounts listed below in accordance with the schedule listed below: Effective Date TOTAL OPCA Fund HST (13%) November 7, 2016 $0.48 $0.42 $0.06 May 1, 2017 $0.48 $0.42 $0.06 May 1, 2018 $0.48 $0.42 $0.06 August 4, 2019 $0.32 $0.28 $0.04 May 1, 2020 $0.32 $0.28 $0.04 May 1, 2021 $0.32 $0.28 $0.04 This Fund shall be administered through the office of the Benefit Plan Administrator. The Industry Fund amounts on receipt shall be immediately paid to the Ontario Painting Contractors Association as each Employer’s contribution to the cost of general administrative and/or operating use and the general advancement of the painting and decorating business.