Common use of NATIONAL ELECTRICAL ANNUITY PLAN Clause in Contracts

NATIONAL ELECTRICAL ANNUITY PLAN. It is agreed that in accord with the IBEW- District Ten-NECA Individual Equity Retirement Plan agreement entered into between the National Electrical Contractors Association, Inc., and the International Brotherhood of Electrical Workers on December 11, 1973, as amended, and now delineated as the National Electrical Annuity Plan Agreement and Trust, that unless authorized otherwise by the National Electrical Annuity Plan (“NEAP”), the individual employer will forward monthly to NEAP’s designated collection agent an amount equal to the specific contribution amounts set forth on the attached Exhibit A with a minimum contribution amount of sixty cents ($.60), (the contribution obligation) for each hour worked, together with a completed payroll report prescribed by the NEAP. The payment shall be made by check or draft and shall constitute a debt due and owing to NEAP on the last day of each calendar month, which may be recovered by suit initiated by NEAP or its assignee. The payment and the payroll report shall be mailed to reach NEAP not later than fifteen (15) calendar days following the end of each calendar month. The individual employer hereby accepts, and agrees to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual employer who fails to remit as provided above shall be additionally subject to having his/her agreement terminated upon seventy-two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the appropriate collection agent. The failure of an individual employer to comply with the applicable provisions of the National Electrical Annuity Plan Agreement and Trust shall also constitute a breach of his/her labor agreement.

NATIONAL ELECTRICAL ANNUITY PLAN. 9.02 It is agreed that in accord with the IBEW- IBEW-District Ten-NECA Individual Equity Retirement Plan agreement Agreement entered into between the National Electrical Contractors Association, Inc., and the International Brotherhood of Electrical Workers on December 11, 1973, as amended, and now delineated as the National Electrical Annuity Plan Agreement and Trust, that unless authorized otherwise by the National Electrical Annuity Plan (“"NEAP”"), the individual employer will forward monthly to NEAP’s 's designated collection agent an amount equal to the specific contribution amounts set forth on the attached Exhibit A with a minimum contribution amount of sixty two dollars and seventy-two cents ($.60), 2.72) (the contribution obligation) for each hour worked, together with a completed payroll report prescribed by the NEAP. The payment shall be made by check or draft and shall constitute a debt due and owing to NEAP on the last day of each calendar month, which may be recovered by suit initiated by NEAP or its assignee. The payment and the payroll report shall be mailed to reach NEAP not later than fifteen (15) 15 calendar days following the end of each calendar month. The individual employer hereby accepts, and agrees to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual employer who fails to remit as provided above shall be additionally subject to having his/her his agreement terminated upon seventy-two (72) 72 hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the appropriate collection agent. The failure of an individual employer to comply with the applicable provisions of the National Electrical Annuity Plan Agreement and Trust shall also constitute a breach of his/her his labor agreement. The required NEAP contribution is to be paid on all hours worked. The failure of an individual employer to comply with the applicable provisions of the National Electrical Annuity Plan Agreement and Trust shall also constitute a breach of his labor agreement. The required NEAP contribution is to be paid on all hours worked.

NATIONAL ELECTRICAL ANNUITY PLAN. Section 8.01 It is agreed that in accord with the IBEW- IBEW District Ten-Ten NECA Individual Equity Retirement Plan agreement Agreement entered into between the National Electrical Contractors Association, Inc., Inc. and the International Brotherhood of Electrical Workers on December 11, 1973, as amendedamended , and now delineated as the National Electrical Annuity Plan Agreement and Trust, that unless authorized otherwise by the National Electrical Annuity Plan (“NEAP”), the individual employer will forward monthly to NEAP’s designated collection agent an amount equal to twenty and one-half percent (20 ½%) of the specific contribution amounts set forth on the attached Exhibit A with a minimum contribution amount of sixty cents ($.60), (the contribution obligation) for each hour workedgross monthly labor payroll, together with a completed payroll report prescribed by the NEAP. The payment shall be made by check or draft and shall constitute a debt due and owing to NEAP on the last day of each calendar month, which may be recovered by suit initiated by NEAP or its assignee. The payment and the payroll report shall be mailed to reach NEAP not later than fifteen (15) calendar days following the end of each calendar month. The individual employer hereby accepts, and agrees agreed to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual employer who fails to remit as provided above shall be additionally subject to having his/her his agreement terminated upon seventy-seventy- two (72) hours notice in writing being served by the Union, provided the individual employer Employer fails to show satisfactory proof that the required payments have been paid to the appropriate collection agent. The failure of an individual employer Employer to comply with the applicable provisions of the National Electrical Annuity Plan Agreement and Trust shall also constitute a breach of his/her his labor agreement.

NATIONAL ELECTRICAL ANNUITY PLAN. Section 8.01 It is agreed that in accord with the IBEW- IBEW District Ten-Ten NECA Individual Equity Retirement Plan agreement Agreement entered into between the National Electrical Contractors Association, Inc., and the International Brotherhood of Electrical Workers on December 11, 1973, as amended, and now delineated as the National Electrical Annuity Plan Agreement and Trust, that unless authorized otherwise by the National Electrical Annuity Plan (“"NEAP”"), the individual employer will forward monthly to NEAP’s 's designated collection agent an amount equal to fourteen percent (14%) of the specific contribution amounts set forth on the attached Exhibit A with a minimum contribution amount of sixty cents ($.60), (the contribution obligation) for each hour workedgross monthly labor payroll, together with a completed payroll report prescribed by the NEAP. The payment shall be made by check or draft and shall constitute a debt due and owing to NEAP on the last day of each calendar month, which may be recovered by suit initiated by NEAP or its assignee. The payment and the payroll report shall be mailed to reach NEAP not later than fifteen (15) calendar days following the end of each calendar month. The individual employer hereby accepts, and agrees agreed to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual employer who fails to remit as provided above shall be additionally subject to having his/her his agreement terminated upon seventy-two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the appropriate collection agent. The failure of an individual employer to comply with the applicable provisions of the National Electrical Annuity Plan Agreement and Trust shall also constitute a breach of his/her his labor agreement.. INDUSTRY FUND

NATIONAL ELECTRICAL ANNUITY PLAN. Section 8.01 It is agreed that in accord with the IBEW- IBEW District Ten-Ten NECA Individual Equity Retirement Plan agreement Agreement entered into between the National Electrical Contractors Association, Inc., and the International Brotherhood of Electrical Workers on December 11, 1973, as amended, and now delineated as the National Electrical Annuity Plan Agreement and Trust, that unless authorized otherwise by the National Electrical Annuity Plan (“"NEAP”"), the individual employer will forward monthly to NEAP’s 's designated collection agent an amount equal to (SEE NOTES BELOW FOR CONTRIBUTION RATES) of the specific contribution amounts set forth on the attached Exhibit A with a minimum contribution amount of sixty cents ($.60), (the contribution obligation) for each hour workedgross monthly labor payroll, together with a completed payroll report prescribed by the NEAP. The payment shall be made by check or draft and shall constitute a debt due and owing to NEAP on the last day of each calendar month, which may be recovered by suit initiated by NEAP or its assignee. The payment and the payroll report shall be mailed to reach NEAP not later than fifteen (15) calendar days following the end of each calendar month. The individual employer hereby accepts, and agrees agreed to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual employer who fails to remit as provided above shall be additionally subject to having his/her his agreement terminated upon seventy-two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the appropriate collection agent. The failure of an individual employer to comply with the applicable provisions of the National Electrical Annuity Plan Agreement and Trust shall also constitute a breach of his/her his labor agreement. NOTE 1. Local 51, 309, 702 and 649 – Contribution rate for installers will be 25% 1/1/20 through 1/31/20. Effective January 1, 2021 the above local’s contribution rate for installers shall be 26% to NEAP. NOTE 2. Local 51 meter readers (IP prop.) 1/1/20 25% 1/1/21 26% (CILCO prop) 6% during term of agreement NOTE 3. Contribution rate for all Storehouse classifications and Local 309 and 702 meter readers will be 20½% effective 1/1/20, then 21.5% effective 1/1/21.