Required Contributions. (a) (i) The Employers agree to make Retirement Savings Fund contributions for each hour worked by each Employee covered by this Agreement in addition to the wages herein stipulated, said amounts may hereafter be amended in future bargaining: From June 1, 2021 until May 31, 2022 the Employers shall contribute $1.25 per hour. From June 1, 2022 until May 31, 2023 the Employers shall contribute $1.25 per hour from the amount payable for the June 1, 2021 - May 31, 2022 contract year plus such additional amount as the Union chooses to allocate from its June 1, 2022 total economic adjustment package. From June 1, 2023 until May 31, 2024 the Employers shall contribute the amount payable for the June 1, 2022 - May 31, 2023 contract year plus such additional amount as the Union chooses to allocate from its June 1, 2023 total economic adjustment package. Such contributions shall be made to the Chicago Painters and Decorators Retirement Savings Fund.
(a) Each Employer shall make contributions on behalf of each of its Employees employed by such Employer in a management or supervisory position who is also engaged in work of a character falling within the jurisdiction covered by this Collective Bargaining Agreement in an amount of no less than One Hundred Sixty (160) hours per month consecutively for 12 months of each year of the contract. Each such Employer shall execute a Participation Agreement with the Trustees of the Retirement Savings Fund , upon the request of such Trustees, for such greater amounts of hours as the Trustees may deem appropriate and shall make all other contributions required under this agreement.
(a) (ii) The Employer may make contributions on behalf of Superintendents, estimators, and other management personnel for whom contributions to the Retirement Savings Fund were heretofore made when such individuals were employed as journeymen painters. If an Employer elects to bring his superintendents, estimators or other management personnel into the Fund under this agreement, all such employees of that Employer shall be so enrolled, and such Employer's election may not be changed until the end of this contract or the expiration of three years, whichever occurs later. Such contributions shall be made in a monthly amount for no less than One Hundred Sixty (160) times the hourly contribution rate specified in this Article consecutively for 12 months for each year of the contract.
Required Contributions. Bargaining unit members covered by this Section B shall continue to pay, through payroll deduction, 8.0% of compensation earnable contribution to CalPERS.
Required Contributions. The Company has made all required contributions under each Pension Plan on a timely basis or, if not yet due, adequate accruals therefore have been provided for in the financial statements. No Pension Plan has incurred any "accumulated funding deficiency" within the meaning of Section 302 of ERISA or Section 412 of the Code and no Pension Plan has applied for or received a waiver of the maximum funding standards imposed by Section 412 of the Code.
Required Contributions. The Borrower shall, and shall cause each Subsidiary of the Borrower and Controlled Group Members to, make contributions to each Plan when due in accordance with the minimum funding requirements under ERISA and the Code applicable to such Plan and pay any required PBGC premiums as and when due for such Plan.
Required Contributions. Bargaining unit members covered by this Section B shall continue to pay, through payroll deduction, 8.0% of compensation earnable contribution to CalPERS. 6.197% shall be contributed toward the City’s pension costs, and 1.803% shall be contributed toward the employees’ pension contribution. The City shall pay 6.197% of compensation earnable as EPMC (Employer Paid Member Contribution) and shall report the same percent (value) of compensation earnable as special compensation pursuant to Government Code Section 20636(c) (4).
Required Contributions. (a) (i) All Employees. Effective June 1, 2021 to May 31, 2022, the Employers agree to make apprenticeship contributions of One Dollar and Eighty Seven Cents ($1.87) per hour for each hour worked by each Employee, including apprentices and trainees covered by this Agreement, in addition to the wages herein stipulated in each year of this Agreement. This amount may hereafter be increased by allocation from the Union’s total economic package. These additional contributions can be used for the purpose of an increased apprentice stipend or for purposes related to further the apprentice program. Contributions shall be made to the Chicago Area Painting and Decorating Joint Apprenticeship and Training Committee, hereafter referred to as the "Apprenticeship Fund".
Required Contributions. All contributions required to be made by the Acquiror or the Acquiror's Subsidiaries to such Benefit Plans pursuant to their terms and provisions have been made timely.
Required Contributions. On or prior to the Closing Date, Sellers shall make, or shall cause to be made, all contributions (including without limitation, all employer matching or other contributions and employee salary reduction contributions) to and payments from any Seller Benefit Plan in respect of any Company Employees (except those distributions to be made from a trust qualified under Section 401(a) of the Code) that pursuant to the Seller Benefit Plans or in accordance with Sellers' past practice and in the ordinary course, become due or would normally be paid prior to the Closing Date.
Required Contributions. Company or the Bank has made when due all contributions required under any Employee Benefit Plan and under applicable laws and regulations.
Required Contributions. All contributions required to be made by the Company or the Company's Subsidiaries to such Benefit Plans pursuant to their terms and provisions have been made timely.
