Common use of Local Training Fund Clause in Contracts

Local Training Fund. Each employer shall pay the amount included in the contributions of Clause 18.1, for each hour worked or part thereof by each employee covered by this Agreement and remit said amount to the Administrator as provided for in Clause 18.2. Each employer shall deduct from the pay of each employee covered by this Agreement the amount set out in the applicable Wage Schedules for each hour worked or part thereof and remit said amount to the Administrator in the same manner outlined in Clause 18.2 The Administrator shall forward the employer's payment and part of the employee's deduction provided for above to the Local Apprenticeship Committee. The remaining balance of the employee's deduction shall remain with the Administrator and kept in a special training fund for apprentices and journeymen for the sheet metal industry, under the sole control of Local Union 269. All as set out in detail in the applicable Wage Schedules. The Training Fund shall be used only for the purposes of developing and training apprentices and journeymen for the sheet metal industry. In the event that either of the above mentioned training funds is discontinued, the monies shall revert respectively to the local union and the local association, but shall be used solely for the purposes of developing and training apprentices and journeymen for the sheet metal industry.