National Pension Fund Sample Clauses

National Pension Fund. No grievance procedure, settlement or arbitration decision with respect to the obligation to contribute shall be binding upon the Trustees of the said Pension Fund.

National Pension Fund. 1. The Employer and the Union hereby agree to the continuation of the existing I.U.P.A.T. Union and Industry National Pension Fund ("National Pension Fund"). 2. Within the limits of the total wage package contained in the attached Wage Schedule A, for each hour or portion thereof, the Employer shall contribute to the National Pension Fund an amount determined by the Union on January 1 of each year of this Agreement. 3. For the purpose of this Section B, each hour paid for, including hours attributable to show up time, and other hours for which pay is received by the employee in accordance with the Agreement shall be counted as hours for which contributions are payable. 4. Contributions shall be paid on behalf of any employee starting with the employee's first day of employment in a job classification covered by this Agreement. This includes, but is not limited to, apprentices, trainees, and probationary employees. 5. The payment to the National Pension Fund required above shall be made to the 6. The Employer hereby irrevocably designates as its representative on the Board of Trustees of the National Pension Fund such Trustees as are now serving, or who will in the future serve, as Employer Trustees, together with their successors. The Employer hereby agrees to be bound by and to the said Agreement and Declaration of Trust, as amended from time to time, as though he had actually signed the same. 7. All contributions shall be made at such time and in such manner as the Trustees of the National Pension Fund require; and the Trustees may at any time conduct an audit in accordance with said Agreement and Declaration of Trust. 8. If an Employer fails to make contributions to the National Pension Fund as provided for in Article 28 of this Agreement, the Union shall have the right to take whatever steps are necessary to secure compliance with this Agreement, any other provision hereof to the contrary notwithstanding, and the Employer shall be liable for all costs for collecting the payments due together with attorney's fees and such penalties as may be assessed by the Trustees. The Employer's liability for payment under this Article shall not be subject to or covered by any grievance or arbitration procedure or any "no-strike" clause which may be provided or set forth elsewhere in this Agreement. 9. The National Pension Plan adopted by the Trustees of said National Pension Fund shall at all times conform with the requirements of the Internal Revenue Code as to ena...

National Pension Fund. The Trust is lawful and is qualified under all applicable laws and specifically, Section 302(c)(5) of the Labor Management Relations Act of 1947, as amended, and the Trust has been approved under applicable provisions of the Inter- nal Revenue Code so that all contributions by the Em- ployer to said fund will be fully deductible for federal income tax purposes. The National Pension Fund contributions shall be paid monthly up to and including the last payroll date in each and every calendar month on or before the 20th of the following month. The contributions are to be stated on forms provided by the International Association of Sheet Metal, Air, Rail and Transportation (SMART) National Pension Fund or other acceptable forms. The Employer in no way guarantees the payment of any benefits provided under the Plan or the solvency of the Fund. The Employer’s sole obligation and liability shall be limited to making monthly contributions to the Fund as herein provided. Furthermore, the Employer shall not be liable for any fund deficiency within the meaning of the Employee Retirement Income Security Act of 1974, as amended. If an Employer is required to pay any amount regardless of the nature or source (in- cluding, but not limited to, additional contributions, con- tribution surcharges, excise taxes, any amounts required under Internal Revenue Code Section 432 or any other amount) relating in any way to the National Pension Fund other than the contributions set forth in Schedules A, B and C, damages set forth under section 502(g)(2) of ERISA, or multiemployer pension plan with- drawal liability required by 29 U.S.C. Section 1001 et. seq., the package shall be reduced or reallocated so as to make the Employer whole. In the event the Pension Fund contributions remain unpaid on the 20th day of the month they are due, an additional charge of fifteen percent (15%) of the amount of the contribution due must be paid. Every Employer shall make available to the National Pension Fund any and all records of the covered em- ployees that the National Pension Fund may require in connection with the sound and efficient operation of the Pension Fund. Employers will contribute to the National Pension Fund for the Sheet Metal and Air Conditioning industry in accordance with Schedules A, B and C for each hour worked by all employees of the Employer covered by this Agreement. For the term of this Agreement, the Parties to this Agreement have adopted National Pension Fund’s First Alte...

National Pension Fund. No employee deductions shall be remitted until notification of acceptance by the Trustees of the I.A.M.

National Pension Fund. 1. The Employer and the Union hereby agree to the continuation of the existing I.U.P.A.T. Union and Industry National Pension Fund ("National Pension Fund"). 2. Within the limits of the total wage package contained in the attached Wage Schedule A, for each hour or portion thereof, the Employer shall contribute to the National Pension Fund an amount determined by the Union on July 1 and January 1 of each year of this Agreement.

National Pension Fund. The Employer understands that the participation in the Plan of its employees is conditioned on their participation in a defined benefit pension plan and the Employer's compliance with Sections 401(a)(4), 410(b) and 401(k) of the Internal Revenue Code. Participation in the I.A.M. National 401(k) Plan is further conditioned upon the Plan not being a top-heavy Plan under Section 416 of the Internal Revenue Code with respect to the Employer's non- bargaining unit employees.

National Pension Fund. This Addendum relates to the Employer’s obligation to contribute to the Sheet Metal Workers’ National Pension Fund (“NPF” or “Fund”). The parties adopt the First Alternative Option in this Collective Bargaining Agreement (“Agreement”). The parties acknowledge receipt of the First Alternative Option, the Funding Improvement Plan and NPF Trust Document, and this Agreement incorporates by reference these documents. The Employer agrees to contribute consistent with the timing and amount of the Contribution Rate increases established in this Agreement and as required under the First Alternative Option as amended from time-to-time. The Employer will increase its NPF Contribution Rate on or before the date, and in the amounts, required in the First Alternative Option. (Amendment to Article 8, Section 18) 1. For the duration of this Agreement and any renewals or extensions thereof, the Employer will contribute to the NPF the negotiated rate per this Agreement and as required by the First Alter- native Option in effect at the time the increases are due and the Trust Document, for each hour or part of an hour worked for each Employee covered by this Agreement, according to the pay- ment procedures outlined in Addendum 12. Contributions for those hours for which wages are paid at one and one half (1½) or two (2) times the gross taxable wage will be made to the Fund at one and one half (1½) or two (2) times the hourly contribution rate, respectively. 2. Contributions shall be paid starting with the employee’s first day of Covered Employment (as defined in the Plan Document). Notwithstanding the payment of NPF contributions, benefit credit is determined under the provisions of the NPF Plan Document.

National Pension Fund. This Agreement shall become effective upon its acceptance by the Trustees of the I.A.M.

National Pension Fund. Plumbers and Pipefitters National Pension Fund Revised Standard Form of Participation Agreement The undersigned Employer and Union agree that the Employer shall make pension contributions to the National Pension Fund in accordance with the terms of this agreement on behalf of those Employees who are covered by the National Pension Fund pursuant to the Collective Bargaining Agreement. (a) Commencing with the first day of , 20 , and for the duration of the current Collective Bargaining Agreement between the parties, and any renewals or extensions thereof, the Employer agrees to make payments to the Plumbers and Pipefitters National Pension Fund for each Employee who is in each classification listed below in accordance with the Collective Bargaining Agreement, as follows: Classifications and amounts can be found in the following sections: Article IX-Wages and Fringe Benefits

National Pension Fund. The undersigned Employer and Local Union represent that the only agreement between the said Local Union and Employer regarding pensions or retirement for employees covered by the Collective Bargaining Agreement between the Local Union and the Employer is as follows: (a) Commencing with the 14th day of May, 1961, and for the duration of the current Collective Bargaining Agree­ ment between the said Local Union and Employer and any renewals or extensions thereof, the Employer agrees to make payments to the Bakery and Confectionery Union and Industry International Pension Fund for each employee working in job classifications covered by the said Collective Bargaining Agreement, as follows: For each day or portion thereof, for which an em­ ployee, subject to the collective bargaining agreement, receives pay, the Employer shall make a contribution of $.80 to the above-named Pension Fund, but not more than $4.00 per week for any one employee. For the purposes of this Article, it is understood that contributions shall be payable on behalf of employees from the first day of employment, whether said employees are permanent, temporary, or seasonal, or full-time or part-time employees, and regardless of whether or not they are mem­ bers of the Union. It is further understood that each day or hour paid for, including days or hours of paid vacation, paid holidays, and other days or hours for which pay is received by the employee in accordance with the Collective Bargaining Agreement, shall be counted as days or hours for which contributions are payable. Effective June 1, 1966, for each day or portion thereof, for which an employee, subject to the Agreement, receives pay, the Employer shall make a contribution of $1.04 per day to the Pension Fund, but not more than $5.20 per week for any one employee. Effective June 1, 1967, for each day or portion thereof, for which an employee, subject to the Agreement, receives pay, the Employer shall make a contribution of $1.28 per day to the Pension Fund, but not more than $6.40 per week for any one employee. (b) The Employer hereby agrees to become a party to the Agreement and Declaration of Trust dated September 11, 1955, establishing the said Bakery and Confectionery Union and Industry International Pension Fund, and agrees to be bound by all terms and provisions of said Agreement, a copy of which is annexed hereto and made a part hereof. The Employer further agrees irrevocably to designate as its representative on the Board of ...