Common use of REFRIGERATION INDUSTRY PROMOTION FUND Clause in Contracts

REFRIGERATION INDUSTRY PROMOTION FUND. 8.10 If any Employer is found in default in remitting payments required to be made pursuant to this Agreement and if such default continues for twenty (20) days thereafter, said Employer shall pay to the applicable Fund, as interest, one and one half (1 1/2%) percent per month on any unpaid arrears effective the due date for said funds. Should any Employer be found to be in default, late or refuse to remit contributions required under this Agreement, that Employer shall be subject to all costs of a grievance pursuant to the grievance procedure stipulated in this Agreement. This provision will only be enforced should the Union acting upon a motion from the Trustees be required to grieve for those Employer contributions required by this Agreement. Where an employee performs work that would require the Employer to contribute hourly contributions, at such hourly contribution rate as may from time to time be applicable in this Collective Agreement, then the Employer shall and shall be deemed to hold the sum so deducted in trust for the Trustees of the applicable Trust Fund. Further, in the event of any liquidation, assignment or bankruptcy of such an Employer, an amount equal to the amount that is owed to the applicable Trust Fund by the Employer on whose behalf employees have performed work entitling them to receive contributions to the fund as herein before provided for, is deemed to be held in trust for the Trustees of this fund and such fund shall be deemed to be separate from and form no part of the estate in liquidation, assignment or bankruptcy, whether or not that amount has in fact been kept separate and apart from the Employer's own money or from the assets of the estate.

REFRIGERATION INDUSTRY PROMOTION FUND. 8.10 8.09 If any Employer is found in default in remitting payments required to be made pursuant to this Agreement and if such default continues for twenty (20) days thereafter, said Employer shall pay to the applicable Fund, as interest, one and one half (1 1/2%) percent per month on any unpaid arrears effective the due date for said funds. Should any Employer be found to be in default, late or refuse to remit contributions required under this Agreement, that Employer shall be subject to all costs of a grievance pursuant to the grievance procedure stipulated in this Agreement. This provision will only be enforced should the Union acting upon a motion from the Trustees be required to grieve for those Employer contributions required by this Agreement. Where an employee performs work that would require the Employer to contribute hourly contributions, at such hourly contribution rate as may from time to time be applicable in this Collective Agreement, then the Employer shall and shall be deemed to hold the sum so deducted in trust for the Trustees of the applicable Trust Fund. Further, in the event of any liquidation, assignment or bankruptcy of such an Employer, an amount equal to the amount that is owed to the applicable Trust Fund by the Employer on whose behalf employees have performed work entitling them to receive contributions to the fund as herein before provided for, is deemed to be held in trust for the Trustees of this fund and such fund shall be deemed to be separate from and form no part of the estate in liquidation, assignment or bankruptcy, whether or not that amount has in fact been kept separate and apart from the Employer's own money or from the assets of the estate.

REFRIGERATION INDUSTRY PROMOTION FUND. 8.10 8.08 If any Employer is found in default in remitting payments required to be made pursuant to this Agreement and if such default continues for twenty (20) days thereafter, said Employer shall pay to the applicable Fund, as interest, one and one half (1 1/2%) percent per month on any unpaid arrears effective the due date for said funds. Should any Employer be found to be in default, late or refuse to remit contributions required under this Agreement, that Employer shall be subject to all costs of a grievance pursuant to the grievance procedure stipulated in this Agreement. This provision will only be enforced should the Union acting upon a motion from the Trustees be required to grieve for those Employer contributions required by this Agreement. Where an employee performs work that would require the Employer to contribute hourly contributions, at such hourly contribution rate as may from time to time be applicable in this Collective Agreement, then the Employer shall and shall be deemed to hold the sum so deducted in trust for the Trustees of the applicable Trust Fund. Further, in the event of any liquidation, assignment or bankruptcy of such an Employer, an amount equal to the amount that is owed to the applicable Trust Fund by the Employer on whose behalf employees have performed work entitling them to receive contributions to the fund as herein before provided for, is deemed to be held in trust for the Trustees of this fund and such fund shall be deemed to be separate from and form no part of the estate in liquidation, assignment or bankruptcy, whether or not that amount has in fact been kept separate and apart from the Employer's own money or from the assets of the estate.