PAYMENT OF EMPLOYER CONTRIBUTIONS TO THE WELFARE AND BENEFIT FUNDS Sample Clauses

PAYMENT OF EMPLOYER CONTRIBUTIONS TO THE WELFARE AND BENEFIT FUNDS. The Benefits outlined in Articles and shall be in addition to the following: Union Dues Promotion Trust Fund: In addition to the wages, travel allowances and all other benefits herein set out, each Employer will pay to each Employee covered by this Collective Agreement an additional thirty cents effective May and forty cents effective May wages for each regular and overtime hour or part thereof, worked by each such Employee and each Employer further agrees to deduct the said sum of thirty cents effective May and forty cents effective May for Union Dues Promotion Trust Fund” or such other person appointed under a Trust Agreement to be entered into as soon as possible. Remittance to the Union Dues Promotion Fund shall be made each and shall be made prior to the day the month immediately that in which the hours are worked and shall be accompanied by a list of all employees on behalf of whom the deductions are made and shall be accompa- xxxx by a report indicating the number of hours or part thereof worked by each employee concerned. The Administrator or other person appointed under the said Trust Agreement shall supply the Employer with appropri- ate reporting forms. Without the of the term Promotion and without limiting of the said Trust Agreement, the purpose and intent of this Trust shall be to make any and all expenditures necessary to promote Local Union Roofing Personnel and any other matters deemed proper by the Trustees in charge of the said Fund. Local Union has established a “Committee of Trustees” to the said Promotion Trust Fund. The Committee of two trustees elected or appointed by Local Union In the event that this Union Dues Promotion Trust Fund is discontinued for any reason whatsoever, the hourly contributions herein agreed will then become part of the hourly wages of the Employee on whose behalf they have formerly contributed. PENSION TRUST FUND: In addition to the wages, vacation pay and other benefits set out in this Collective Agreement, each Employer will contribute the sum of pension contribution as stipulated in the wage schedule for all regular and overtime hours worked by each Employee covered by the Collective Agreement to the Trust Fund known as “Local Union Pension Trust Fund”. Without limiting the terms of the said Trust to be entered into. the and intent of Agreement shall be to purchase Pension and Supplementary Benefits and such other benefits as the said Trustees shall deem advisable, provided however, that all such benefits ...
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PAYMENT OF EMPLOYER CONTRIBUTIONS TO THE WELFARE AND BENEFIT FUNDS. The Benefits outlined in Articles 42 and 43 shall be in addition to the following: In addition to the wages, travel allowances and all other benefits herein set out, each Employer will pay to each Employee covered by this Collective Agree- ment an additional eighty-one cents ($0.81) effective May 1, 2010, eighty-six cents ($0.86) effective May 1, 2011, and ninety-one cents ($0.91) effective May 1, 2012, wages for each regular and overtime hour or part thereof, worked by each such Employee and each Employer further agrees to deduct the said sum of eighty-one cents ($0.81) effective May 1, 2010, eighty- six cents ($0.86) effective May 1, 2011, and ninety-one cents ($0.91) effective May 1, 2012, for each regular and overtime hour or part thereof, and agrees to remit said sum to the Administrator of “the Local 47 Union Dues Promotion Trust Fund” or such other person ap- pointed under a Trust Agreement to be entered into as soon as possible. Remittance to the Union Dues Promotion Trust Fund shall be made by each Employer monthly and shall be made prior to the 15th day of the month immediately following that in which the hours are worked and shall be accompanied by a list of all employees on behalf of whom the deductions are made and shall be ac- companied by a report indicating the number of hours or part thereof worked by each employee concerned. The Administrator or other person appointed under the said Trust Agreement shall supply the Employer with appropriate reporting forms. Without limiting the generality of the term Promotion and without limiting the terms of the said Trust Agree- ment, the purpose and intent of this Trust shall be to make any and all expenditures necessary to promote Local Union 47 Roofing Personnel and any other mat- ters deemed proper by the Trustees in charge of the said Fund. Local Union 47 has established a “Committee of Trustees” to manage the said Promotion Trust Fund. The Committee consists of two (2) trustees elected or appointed by Local Union 47. In the event that this Union Dues Promotion Trust Fund is discontinued for any reason whatsoever, the hourly contributions herein agreed will then become part of the hourly wages of the Employee on whose behalf they have been formerly contributed. In addition to the wages, vacation pay and other benefits set out in this Collective Agreement, each Em- ployer will contribute the sum of pension contribution as stipulated in the wage schedule for all regular and overtime hours worked by ...
Sample 1
PAYMENT OF EMPLOYER CONTRIBUTIONS TO THE WELFARE AND BENEFIT FUNDS. The Benefits outlined in Articles 42 and 43 shall be in addition to the following:
Sample 1

Related to PAYMENT OF EMPLOYER CONTRIBUTIONS TO THE WELFARE AND BENEFIT FUNDS

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

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