Common use of JOINT PARTNERSHIP TRUST Clause in Contracts

JOINT PARTNERSHIP TRUST. The Partnership Trust has been established for the purpose of funding labor management administration and Partnership activities. Changes in the Employer’s overall funding of Partnership expenses, including Partnership Trust contributions, training and education development, administration and technical and consulting support expenses necessary to implement/advance the Partnership, shall be at least proportional to employee contributions as described below. An amount equal to nine cents per hour per employee will be contributed to the Partnership Trust throughout the term of this Agreement, consistently across the Program. The purpose of the employee contribution is employee ownership of the Partnership, sponsorship of increased union capacity and shared ownership of outcomes and performance gains. 2015 2016 2017 California $2 million $2 million $2 million National $15 million $15 million $15 million LMP Trust Fund contributions by the Employer will be as follows: The Partnership Trust is jointly administered by a Board of Trustees consisting of union and management representatives. There will be up to six trustees consisting of equal numbers of union and management representatives. The Board of Trustees has overall responsibilities for managing the Partnership Trust, including the adoption of a budget designed to advance the purposes and priorities of the Partnership as established by this National Agreement and the Strategy Group.

JOINT PARTNERSHIP TRUST. The Partnership Trust has been established for the purpose of funding labor management administration and Partnership activities. Changes in the Employer’s overall funding of Partnership expenses, including Partnership Trust contributions, training and education development, administration and technical and consulting support expenses necessary to implement/advance the Partnership, shall be at least proportional to employee contributions as described below. An amount equal to nine cents per hour per employee will be contributed to the Partnership Trust throughout the term of this Agreement, consistently across the Program. The purpose of the employee contribution is employee ownership of the Partnership, sponsorship of increased union capacity and shared ownership of outcomes and performance gains. LMP Trust Fund contributions by the Employer will be as follows: 2015 2016 2017 California $2 million $2 million $2 million National $15 million $15 million $15 million LMP Trust Fund contributions by the Employer will be as follows: The Partnership Trust is jointly administered by a Board of Trustees consisting of union and management representatives. There will be up to six trustees consisting of equal numbers of union and management representatives. The Board of Trustees has overall responsibilities for managing the Partnership Trust, including the adoption of a budget designed to advance the purposes and priorities of the Partnership as established by this National Agreement and the Strategy Group.