Plumbing and Piping Management Trust Fund Sample Clauses

Plumbing and Piping Management Trust Fund. The Plumbing and Piping Management Trust Fund has been established by an Agreement and Declaration of Trust which provides for the detailed operation thereof and has been executed by the Association and shall continue in full force and effect during the term of the Agreement. All Employers signatory to or bound by the Agreement or who become signatory or bound by or otherwise come under the scope of the Agreement, shall contribute the amount as specified in the applicable wage sheet. An Employer shall not be required to contribute more than a total of fifty thousand dollars ($50,000) in any contract year (i.e., April 1 to March 31) to the Trust Fund. During the month of April of each contract year, an Employer may make a lump sum contribution of fifty thousand dollars ($50,000) to the Trust Fund and will not be required to make any further contributions to the Trust Fund for the remainder of that contract year. Employers making monthly contributions will do so based on Health and Welfare Trust Fund hours reported at the negotiated hourly contribution rate. If an Employer’s monthly contributions exceed fifty thousand dollars ($50,000) in any contract year, that Employer may discontinue making monthly contributions for the remainder of that contract year. It shall be each Employer’s responsibility to monitor its contributions to determine if it may be eligible for the monthly contribution suspension. Contribution suspension eligibility must be confirmed in writing by the Trust Administrator with notice to the Association. Contributions made in excess of fifty thousand dollars ($50,000) shall be deemed to be voluntarily made with no right of refund, nor may an Employer allocate excess contributions as a credit for future contribution obligations. All contributions shall be made at the time and in the manner prescribed by said Agreement and Declaration of Trust. For the purpose of administering this Trust Fund, the individual Employer, by becoming bound by the Agreement does hereby designate the Employer Trustees to act as its agent in all matters concerning said Trust Fund and agrees to be bound by the Agreement and Declaration of Trust and amendments thereto and restatements thereof. The funds within the control of the Plumbing and Piping Management Trust Fund shall not be used for a purpose which is harmful or hostile to organized labor, the Union, or for the purpose of assisting mechanical and plumbing contractors to operate as non-union or double- breaste...
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Related to Plumbing and Piping Management Trust Fund

  • Stormwater Management The Owner agrees that stormwater management measures shall be applicable to the development of the Lands, in a manner which is in accordance with the provisions of The Drainage Act, R.S.O. 1990, c.D.17 and amendments thereto, and to the satisfaction of the Municipality's Engineer.

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  • One-Way Interconnection Trunks 2.3.1 Where the Parties have agreed to use One-Way Interconnection Trunks for the delivery of traffic from PCS to Verizon, PCS, at PCS’s own expense, shall:

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  • Water Service The Purchase Price for the Property shall include all water rights/water shares, if any, that are the legal source for Seller’s current culinary water service and irrigation water service, if any, to the Property. The water rights/water shares will be conveyed or otherwise transferred to Buyer at Closing by applicable deed or legal instruments. The following water rights/water shares, if applicable, are specifically excluded from this sale:

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