IRONWORKER MANAGEMENT PROGRESSIVE ACTION COOPERATIVE TRUST (IMPACT Sample Clauses

IRONWORKER MANAGEMENT PROGRESSIVE ACTION COOPERATIVE TRUST (IMPACT. (a) Each employer working in the territorial jurisdiction of local Unions, 700, 721, 736, 759, 765 and 786 will actively participate in IMPACT. The Financial commitment to the trust agreement will be three quarters (3/4) of one percent of the Journeyperson wage outlined in the schedules contained in the agreement. This commitment will be born equally by both Labour and Management and will be reflected in the District Council fund for deduction and remittance to the appropriate parties for each hour earned by employees covered by this agreement to IMPACT.
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IRONWORKER MANAGEMENT PROGRESSIVE ACTION COOPERATIVE TRUST (IMPACT. Effective July 1, 2008 through June 30, 2019, in addition to the base wage rate, the employer agrees to contribute, for each employee working under this agreement whether or not such employees are members of Local Union #399, to the IMPACT program, reference Appendix “A”. Fund administration includes a committee comprised of Local #399 and BCASJ members.
Sample 1
IRONWORKER MANAGEMENT PROGRESSIVE ACTION COOPERATIVE TRUST (IMPACT. In addition to the per hour wage rate, the Employer shall contribute an additional three quarter per cent (3/4%) of the existing wage rate to Ironworker Management Progressive Action Cooperative Trust (IMPACT), a jointly trusted Cooperative Trust with federal tax exempt status under Section 501 (a) of the Internal Revenue Code as an exempt organization under Section 501 (c)(5) of the Internal Revenue Code. The general purposes of the Trust include the improvement and development of the Ironworker Industry through Education, Training, Communication, Cooperation and governmental 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. The three quarter per cent (3/4%) contribution shall be in lieu of any and all contractual requirements for contributions to the National Ironworkers and Employers Apprenticeship Training and Journeyman Upgrading Fund and the Institute of the Ironworking Industry. In addition, the Union and Employer agree that by making contributions to IMPACT each of them shall become bound to IMPACT’s Drug and Alcohol Screening Policy and Procedure or equivalent program and any amendments or modifications thereto.
Sample 1
IRONWORKER MANAGEMENT PROGRESSIVE ACTION COOPERATIVE TRUST (IMPACT. The Employer agrees to be bound by the provisions of the Agreement and Declaration of Trust establishing the Ironworker Management Progressive Action Cooperative Trust (I.M.P.A.C.T.) and amendments thereto and hereby agrees to its incorporation into this Agreement. In addition to the hourly base wage rates shown in Article 17 of this Agreement, the Employer agrees to pay the amount listed per hour to IMPACT contribution to the jointly administered IMPACT Fund for benefits as determined by the IMPACT Fund Trustees. The amount equal to five eighths of one percent (5/8 of 1%) shall be shown in Article 17 of this Agreement. IMPACT contributions may not be added to employee pay. This is a jointly trusteed Cooperative Trust with federal tax exempted status under Section 501 (c) (5) of the Internal Revenue Code. Tax exempt status determination was rendered under the initial name of the Trust which was the Employers Responsive Educational Cooperation Trust of North America. The general purposes of the Trust include the improvement and development of the Ironworker Industry through Education, Training, Communication, Cooperation and governmental lobbying and legislative initiatives.
Sample 1

Related to IRONWORKER MANAGEMENT PROGRESSIVE ACTION COOPERATIVE TRUST (IMPACT

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