PAC FUND CONTRIBUTIONS Sample Clauses

PAC FUND CONTRIBUTIONS. If the Local 139 Fringe Benefit Funds implement an “Internet Based Fringe Benefit Reporting” system, effective January 1, 2007, the Employer agrees to deduct five cents ($0.05) for each hour that the employee receives wages under the terms of the Agreement, on the basis of individually signed, voluntarily executed authorized deduction forms which shall be provided to the Employer. It is agreed that these authorized deductions for the IUOE Local 139 Federal PAC are not conditions of membership in the International Union of Operating Engineers, Local 139 or of employment with the Employer.
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PAC FUND CONTRIBUTIONS. If the Local 139 Fringe Benefit Funds implement an “Internet Based Fringe Benefit Reporting” system, effective June 1, 2009, the Employer agrees to deduct five (5¢) cents for each hour that the employee receives wages under the terms of the Agreement, on the basis of individually signed, voluntarily executed authorized deduction forms which shall be provided to the Employer . It is agreed that these authorized deductions for the IUOE Local 139 Federal PAC are not conditions of membership in the International Union of Operating Engineers, Local 139 or of employment with the Employer . section 17.3. The Association and the Contractor hereby agree to be bound by the Trust Agreements and amendments thereof, which establish and govern the Trust Agreements and amendments thereof, which establish and govern the Trust Funds referred to in Section 17 .2 . The Association and the Contractor designate as their representatives on the Board of Trustees of such Trust Fund, such Trustees as have been named and appointed pursuant to said Trust Agreements as Employer Trustees, together with their successors selected in the manner provided in such Trust Agreements . The Association and the Contractor hereby ratify all actions already taken or to be taken by such Trustees within the scope of their authority .
PAC FUND CONTRIBUTIONS. If the Local 139 Fringe Benefit Funds implement an “Internet Based Fringe Benefit Reporting” system, effective January 1, 2007, t¬he Employer agrees to deduct five cents ($0.05) for each hour that the employee receives wages under the terms of the Agreement, on the basis of individually signed, voluntarily executed autho- rized deduction forms which shall be provided to the Employer. It is agreed that these authorized deductions for the IUOE

Related to PAC FUND CONTRIBUTIONS

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

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