Common use of Motion Picture Industry Individual Account Plan Clause in Contracts

Motion Picture Industry Individual Account Plan. (a) The Producer shall contribute to the Individual Account Plan, on behalf of each employee employed by the Producer hereunder, six percent (6%) of the scale Regular Basic Hourly Rate of pay for all hours worked by or guaranteed such employee during the period August 1, 2018 to and including July 31, 2021. (In the case of "on call" employees, such percentage payment shall be based on the scale "on call" rate.) It is understood that the parties will establish mechanisms at the Plan level so that when the Plans receive contributions on behalf of "on call" employees from multiple Employers for the same time period, such Employers shall be entitled to a credit against future contributions on a pro rata basis.

Motion Picture Industry Individual Account Plan. (a) The Producer shall contribute to the Individual Account Plan, on behalf of each employee employed by the Producer hereunder, six percent (6%) of the scale Regular Basic Hourly Rate of pay for all hours worked by or guaranteed such employee during the period August 1, 2018 2021 to and including July 31, 20212024. (In the case of "on call" employees, such percentage payment shall be based on the scale "on call" rate.) It is understood that the parties will establish mechanisms at the Plan level so that when the Plans receive contributions on behalf of "on call" employees from multiple Employers for the same time period, such Employers shall be entitled to a credit against future contributions on a pro rata basis.

Motion Picture Industry Individual Account Plan. (a) The Producer shall contribute to the Individual Account Plan, on behalf of each employee employed by the Producer hereunder, six percent (6%) of the scale Regular Basic Hourly Rate of pay for all hours worked by or guaranteed such employee during the period August 1, 2018 2015 to and including July 31, 20212018. (In the case of "on call" employees, such percentage payment shall be based on the scale "“on call" ” rate.) It is understood that the parties will establish mechanisms at the Plan level so that when the Plans receive contributions on behalf of "on call" employees from multiple Employers for the same time period, such Employers shall be entitled to a credit against future contributions on a pro rata basis.

Motion Picture Industry Individual Account Plan. (a) The Producer shall contribute to the Individual Account Plan, on behalf of each employee employed by the Producer hereunder, six percent (6%) of the scale Regular Basic Hourly Rate of pay for all hours worked by or guaranteed such employee during the period August 1, 2018 2012 to and including July 31, 20212015. (In the case of "“on call" ” employees, such percentage payment shall be based on the scale "“on call" ” rate.) It is understood that the parties will establish mechanisms at the Plan level so that when the Plans receive contributions on behalf of "“on call" ” employees from multiple Employers for the same time period, such Employers shall be entitled to a credit against future contributions on a pro rata basis.