RATE OF CONTRIBUTIONS Sample Clauses

RATE OF CONTRIBUTIONS. The Employer shall pay to the Trustees the amount of money as established and provided for in Collective Bargaining Agreements or signed stipulations between Employers and the Union.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
RATE OF CONTRIBUTIONS. In order to effectuate the purposes hereof, each Employer shall contribute to the Fund the amount required by the Collective Bargaining Agreement between the Local Union and the Employer. The rate of contribu- tion shall at all times be governed by the aforesaid Collective Bargaining Agreement then in force and effect, together with any amend- ments, supplements or modifications thereto.
Sample 1
RATE OF CONTRIBUTIONS. In order to effectuate the purposes hereof, each Employer shall contribute to the Fund the amount required by the Collective Bargaining Agreement, by any written agreement between the Employer and the Fund, or by applicable obligations imposed by labor law or ERISA. The rate of contribution shall at all times be governed by the aforesaid Collective Bargaining Agreement (other agreement or applicable legal obligation) then in force and effect, together with any amendments, supplements or modifications thereto.
Sample 1
RATE OF CONTRIBUTIONS. There is contained in or annexed to the Disclosure Letter a statement of the amounts and rate of contributions to the Schemes since the Schemes were established and a copy of the current schedule of contributions prepared under the Pensions Act 0000 (xx any). There has been no alteration to the rate of contributions to the Schemes or the method of calculating the amount to which that rate of contributions is applied since the Schemes were established. Actuarial advice has been taken on the funding of the Schemes and employer contributions have at all times been paid at the rates recommended by the actuary.
Sample 1
RATE OF CONTRIBUTIONS. (a) The rate of contributions required to be made by an Employer on behalf of Employees shall be set forth in the provisions of a Collective Agreement or any other agreement as agreed to by the Trustees with respect to such Employer and Employee. The Employer acknowledges and agrees that the rate of contribution may be amended from time to time and the Employer shall make the new contributions on the date specified by the Trustees. (b) The Trustees, in their absolute discretion, shall determine the date and timing of receipt of all contributions. The Trustees shall advise the Employer of the method and manner of making contributions on behalf of the employees.
Sample 1

Related to RATE OF CONTRIBUTIONS

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • 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.

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

  • 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.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.3 to the Trustees of the OECTA ELHT by the last day of each month from and after the Board’s Participation Date.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), 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 by the Depositor 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 trust 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 Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!