Common use of Motion Picture Industry Individual Account Clause in Contracts

Motion Picture Industry Individual Account. Plan (a) The Producer shall contribute to the Individual Account Plan eight percent (8%) of the scale Regular Basic Hourly Rate of pay on behalf of each employee employed by the Producer hereunder for all hours worked by or guaranteed such employee during the period August 1, 2021 to and including July 31, 2024. (In the case of "on call" employees, such percentage payment shall be based on the scale "on call" rate.) (b) The parties agree that each employee's Individual Account Plan shall vest after one (1) qualified year.

Motion Picture Industry Individual Account. Plan (a) The Producer shall contribute to the Individual Account Plan eight percent (8%) of the scale Regular Basic Hourly Rate of pay on behalf of each employee employed by the Producer hereunder hereunder, for all hours worked by or guaranteed such employee during the period August 1, 2021 to and including July 31, 2024. (In the case of "on call" employees, such percentage payment shall be based on the scale "on call" rate.) (b) The parties agree that each employee's Individual Account Plan shall vest after one (1) qualified year.

Motion Picture Industry Individual Account. Plan (a) The Producer shall contribute to the Individual Account Plan eight percent (8%) of the scale Regular Basic Hourly Rate of pay following amounts on behalf of each employee employed by the Producer hereunder for hereunder: (1) For all hours worked by or guaranteed such employee during the period August 1July 29, 2021 2018 to and including July 31August 3, 20242019, seven percent (7%) of the scale Regular Basic Hourly Rate of pay. (In the case of "on call" employees, such percentage payment shall be based on the scale "on call" rate.) (b2) The parties agree that each employee's Individual Account Plan shall vest after one For all hours worked by or guaranteed such employee during the period August 4, 2019 to and including August 1, 2020, seven and one-half percent (17.5%) qualified year.of the scale Regular Basic Hourly Rate of