Common use of RECIPROCITY AND ALTERNATIVE CONTRIBUTIONS Clause in Contracts

RECIPROCITY AND ALTERNATIVE CONTRIBUTIONS. The Trustees may, in their‌ sole discretion, enter reciprocal agreements with other employee benefit plans or Local Unions which shall form part of this Plan or accept contributions from Employers at non- standard rates. Absent other direction of the Trustees, any and all Benefits under the Plan will be pro-rated and adjusted based on the amount of such contributions in relation to the standard SASMI contribution rate for a building trades journeyman for work covered by an alternative contribution.

Appears in 2 contracts

Samples: National Stabilization Agreement, National Stabilization Agreement

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RECIPROCITY AND ALTERNATIVE CONTRIBUTIONS. The Trustees may, in their‌ their sole discretion, enter reciprocal agreements with other employee benefit plans or Local Unions which shall form part of this Plan or accept contributions from Employers at non- non-standard rates. Absent other direction of the Trustees, any and all Benefits under the Plan will be pro-rated and adjusted based on the amount of such contributions in relation to the standard SASMI contribution rate for a building trades trade’s journeyman for work covered by an alternative contribution.contribution.‌

Appears in 1 contract

Samples: National Stabilization Agreement

RECIPROCITY AND ALTERNATIVE CONTRIBUTIONS. The Trustees may, in their‌ their sole discretion, enter reciprocal agreements with other employee benefit plans or Local Unions which shall form part of this Plan or accept contributions from Active Benefits Employers at non- non-standard rates. Absent other direction of the Trustees, any and all Benefits under the Plan will be pro-rated prorated and adjusted based on the amount of such contributions in relation to the standard SASMI contribution rate for a building trades trade’s journeyman for work covered by an alternative contribution.

Appears in 1 contract

Samples: www.sasmi.org

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RECIPROCITY AND ALTERNATIVE CONTRIBUTIONS. The Trustees may, in their‌ their sole discretion, enter reciprocal agreements with other employee benefit plans or Local Unions which shall form part of this Plan or accept contributions from Employers at non- non-standard rates. Absent other direction of the Trustees, any and all Benefits under the Plan will be pro-rated and adjusted based on the amount of such contributions in relation to the standard SASMI contribution rate for a building trades trade’s journeyman for work covered by an alternative contribution.

Appears in 1 contract

Samples: Living Insurance

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