Common use of NATIONAL ELECTRICAL ANNUITY PLAN Clause in Contracts

NATIONAL ELECTRICAL ANNUITY PLAN. Section 8.01. 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'1, effective 8-1-21 the individual employer will forward monthly to NEAP's designated collection agent an amount defined below (the contribution obligation) 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. General Xxxxxxx Xxxxxxx 22% Cable Splicer Journeyman Lineman Journeyman Technician Powderman $8.00 Equipment Operator Equipment Mechanic $7.00 Apprentices - 7th Period $6.00 Apprentices - 6th Period $5.00 Apprentices – 5th Period $4.00 Apprentices - 4th Period Groundman & Xxxx Xxxxxx - Experienced $3.00 Apprentices - 3rd Period $2.00 Apprentices - 2nd Period Groundman & Xxxx Xxxxxx - 2nd 2000 Hours $0.25 Apprentices - 1st Period Groundman & Xxxx Xxxxxx - 1st 2000 Hours 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 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 local 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 labor agreement.

NATIONAL ELECTRICAL ANNUITY PLAN. Section 8.01. 8.01 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'1"NEAP"), effective 8-1-21 the individual employer will forward monthly to NEAP's designated collection agent an amount defined below equal to (SEE NOTES BELOW FOR CONTRIBUTION RATES) of the contribution obligation) gross 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. General Xxxxxxx Xxxxxxx 22% Cable Splicer Journeyman Lineman Journeyman Technician Powderman $8.00 Equipment Operator Equipment Mechanic $7.00 Apprentices - 7th Period $6.00 Apprentices - 6th Period $5.00 Apprentices – 5th Period $4.00 Apprentices - 4th Period Groundman & Xxxx Xxxxxx - Experienced $3.00 Apprentices - 3rd Period $2.00 Apprentices - 2nd Period Groundman & Xxxx Xxxxxx - 2nd 2000 Hours $0.25 Apprentices - 1st Period Groundman & Xxxx Xxxxxx - 1st 2000 Hours The individual Employer employer hereby accepts, and agrees agreed to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual Employer employer who fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy-seventy- two (72) hours' 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 local 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 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.

NATIONAL ELECTRICAL ANNUITY PLAN. Section 8.01. 8.01 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'1"NEAP"), effective 8-1-21 the individual employer will forward monthly to NEAP's designated collection agent an amount defined below equal to (SEE NOTES BELOW FOR CONTRIBUTION RATES) of the contribution obligation) gross 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. General Xxxxxxx Xxxxxxx 22% Cable Splicer Journeyman Lineman Journeyman Technician Powderman $8.00 Equipment Operator Equipment Mechanic $7.00 Apprentices - 7th Period $6.00 Apprentices - 6th Period $5.00 Apprentices – 5th Period $4.00 Apprentices - 4th Period Groundman & Xxxx Xxxxxx - Experienced $3.00 Apprentices - 3rd Period $2.00 Apprentices - 2nd Period Groundman & Xxxx Xxxxxx - 2nd 2000 Hours $0.25 Apprentices - 1st Period Groundman & Xxxx Xxxxxx - 1st 2000 Hours The individual Employer employer hereby accepts, and agrees agreed to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual Employer employer who fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy-two (72) hours' 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 local 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 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.

NATIONAL ELECTRICAL ANNUITY PLAN. Section 8.01. 10.01 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'1"NEAP"), effective 8-1-21 the individual employer will forward monthly to NEAP's designated collection agent an amount defined below equal to Twenty-five percent (25%) of the contribution obligation) gross 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. General Xxxxxxx Xxxxxxx 22% Cable Splicer Journeyman Lineman Journeyman Technician Powderman $8.00 Equipment Operator Equipment Mechanic $7.00 Apprentices - 7th Period $6.00 Apprentices - 6th Period $5.00 Apprentices – 5th Period $4.00 Apprentices - 4th Period Groundman & Xxxx Xxxxxx - Experienced $3.00 Apprentices - 3rd Period $2.00 Apprentices - 2nd Period Groundman & Xxxx Xxxxxx - 2nd 2000 Hours $0.25 Apprentices - 1st Period Groundman & Xxxx Xxxxxx - 1st 2000 Hours The individual Employer employer hereby accepts, and agrees to be bound by, the National Electrical Annuity Plan Agreement and Trust. An individual Employer employer who fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy-two (72) hours' 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 local 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 labor agreement. “Contributions to this fund shall only apply to “Productive Electrical Labor Payroll” or any hours paid under the terms and conditions of this agreement. This shall include only actual time worked at the effective rates listed in Article IV sec. 4.01 of this agreement. Contributions shall not be paid on the following examples of exempted items such as expenses for meals and lodging (no receipt required), bonuses (regular or extraordinary), paid vacation, paid sick days or paid holidays (where they are not covered under this agreement), fire retardant clothing, personal protective equipment, per diems and subsistence pay, and personal use of company vehicles.” SAVINGS PLAN