Common use of Restated Employees Benefit Agreement and Trust Clause in Contracts

Restated Employees Benefit Agreement and Trust. Section 5.2 It is agreed that in accord with the Employees Benefit Agreement of the National Electrical Benefit Fund ("NEBF"), as entered into between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers on September 3, 1946, as amended, and now delineated as the Restated Employees Benefit Agreement and Trust, that unless authorized otherwise by the NEBF, the individual Employer will forward monthly to the NEBF'S designated local collection agent an amount equal to 3% of the gross monthly labor payroll paid to, or accrued by, the employees in this bargaining unit, and a completed payroll report prescribed by the NEBF. The payment shall be made by check or draft and shall constitute a debt due and owing to the NEBF on the last day of each calendar month, which may be recovered by suit initiated by the NEBF or its assignee. The payment and the payroll report shall be mailed to reach the office of the appropriate local collection agent not later than fifteen (15) calendar days following the end of each calendar month. DC ELECTRIC GROUP, INC., hereby accepts, and agrees to be bound by, the Restated Employees Benefit Agreement and Trust. If DC ELECTRIC GROUP, INC., fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy- two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the local collection agent. The failure of DC ELECTRIC GROUP, INC., to comply with the applicable provisions of the Restated Employees Benefit Agreement and Trust shall also constitute a breach of this Labor Agreement. 401(k) Section 5.3 It is agreed that in accordance with the Company’s 401(k) Plan (the “401(k) Plan”), that DC ELECTRIC GROUP, INC., will contribute three percent (3%) of a worker’s gross wage into the 401(k) Plan (“Pension Contribution”) and shall administer the plan in accordance with the plan documents. Additionally, workers shall be offered the choice to make salary deferrals into the 401(k) Plan up to the maximum amount allowed by the Internal Revenue Service for each plan year, based upon the workers age. These salary deferrals are discretionary, can be changed by the worker at anytime, and are in addition to DC ELECTRIC GROUP, INC., Pension Contribution. Workers shall be immediately vested in 100% of the Pension Contribution. The Pension Contribution shall be held in trust by DC ELECTRIC GROUP, INC. on the employee’s behalf and shall be subject to all the guidelines set forth by the 401(k) Plan and applicable governing laws regarding such plans. Pension Contributions and salary deferrals held in trust in the 401(k) plan shall be placed in individual accounts, and workers shall have the ability direct the investments of their own funds in the 401(k) plan. Failure by DC ELECTRIC GROUP, INC., to make all payments provided for under this clause shall be a breach of this Agreement.

Appears in 1 contract

Samples: California Statewide

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Restated Employees Benefit Agreement and Trust. Section 5.2 It is agreed that in accord with the Employees Benefit Agreement of the National Electrical Benefit Fund ("NEBF"), as entered into between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers on September 3, 1946, as amended, and now delineated as the Restated Employees Benefit Agreement and Trust, that unless authorized otherwise by the NEBF, the individual Employer will forward monthly to the NEBF'S designated local collection agent an amount equal to 3% of the gross monthly labor payroll paid to, or accrued by, the employees in this bargaining unit, and a completed payroll report prescribed by the NEBF. The payment shall be made by check or draft and shall constitute a debt due and owing to the NEBF on the last day of each calendar month, which may be recovered by suit initiated by the NEBF or its assignee. The payment and the payroll report shall be mailed to reach the office of the appropriate local collection agent not later than fifteen (15) calendar days following the end of each calendar month. DC ELECTRIC GROUP, INC., hereby . xxxxxx accepts, and agrees to be bound by, the Restated Employees Benefit Agreement and Trust. If DC ELECTRIC GROUP, INC., . fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy- two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the local collection agent. The failure of DC ELECTRIC GROUP, INC., . to comply with the applicable provisions of the Restated Employees Benefit Agreement and Trust shall also constitute a breach of this Labor Agreement. 401(k) Section 5.3 It is agreed that in accordance with the Company’s 401(k) Plan (the “401(k) Plan”), that DC ELECTRIC GROUP, INC., . will contribute three five percent (35%) of a worker’s gross wage into the 401(k) Plan (“Pension Contribution”) and shall administer the plan in accordance with the plan documents. Additionally, workers shall be offered the choice to make salary deferrals into the 401(k) Plan up to the maximum amount allowed by the Internal Revenue Service for each plan year, based upon the workers age. These salary deferrals are discretionary, can be changed by the worker at anytime, and are in addition to DC ELECTRIC GROUP, INC., . Pension Contribution. Workers shall be immediately vested in 100% of the Pension Contribution. The Pension Contribution shall be held in trust by DC ELECTRIC GROUP, INC. on the employee’s behalf and shall be subject to all the guidelines set forth by the 401(k) Plan and applicable governing laws regarding such plans. Pension Contributions and salary deferrals held in trust in the 401(k) plan shall be placed in individual accounts, and workers shall have the ability direct the investments of their own funds in the 401(k) plan. Failure by DC ELECTRIC GROUP, INC., . to make all payments provided for under this clause shall be a breach of this Agreement.

Appears in 1 contract

Samples: California Statewide

Restated Employees Benefit Agreement and Trust. Section 5.2 It is agreed that in accord with the Employees Benefit Agreement of the National Electrical Benefit Fund ("NEBF"), as entered into between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers on September 3, 1946, as amended, and now delineated as the Restated Employees Benefit Agreement and Trust, that unless authorized otherwise by the NEBF, the individual Employer will forward monthly to the NEBF'S designated local collection agent an amount equal to 3% of the gross monthly labor payroll paid to, or accrued by, the employees in this bargaining unit, and a completed payroll report prescribed by the NEBF. The payment shall be made by check or draft and shall constitute a debt due and owing to the NEBF on the last day of each calendar month, which may be recovered by suit initiated by the NEBF or its assignee. The payment and the payroll report shall be mailed to reach the office of the appropriate local collection agent not later than fifteen (15) calendar days following the end of each calendar month. DC ELECTRIC GROUPYUNEX, INC.LLC, hereby xxxxxx accepts, and agrees to be bound by, the Restated Employees Benefit Agreement and Trust. If DC ELECTRIC GROUPYUNEX, INC.LLC, fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy- seventy-two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the local collection agent. The failure of DC ELECTRIC GROUPYUNEX, INC.LLC, to comply with the applicable provisions of the Restated Employees Benefit Agreement and Trust shall also constitute a breach of this Labor Agreement. 401(k) Section 5.3 It is agreed that in accordance with the Company’s 401(k) Plan (the “401(k) Plan”), that DC ELECTRIC GROUPYUNEX, INC.LLC, will contribute three five percent (35%) of a worker’s gross wage into the 401(k) Plan (“Pension Contribution”) and shall administer the plan in accordance with the plan documents. Additionally, workers shall be offered the choice to make salary deferrals into the 401(k) Plan up to the maximum amount allowed by the Internal Revenue Service for each plan year, based upon the workers age. These salary deferrals are discretionary, can be changed by the worker at anytime, and are in addition to DC ELECTRIC GROUPYUNEX, INC.LLC, Pension Contribution. Workers shall be immediately vested in 100% of the Pension Contribution. The Pension Contribution shall be held in trust by DC ELECTRIC GROUPYUNEX, INC. LLC, on the employee’s behalf and shall be subject to all the guidelines set forth by the 401(k) Plan and applicable governing laws regarding such plans. Pension Contributions and salary deferrals held in trust in the 401(k) plan shall be placed in individual accounts, and workers shall have the ability direct the investments of their own funds in the 401(k) plan. Failure by DC ELECTRIC GROUPYUNEX, INC.LLC, to make all payments provided for under this clause shall be a breach of this Agreement.

Appears in 1 contract

Samples: California Statewide

Restated Employees Benefit Agreement and Trust. Section 5.2 It is agreed that in accord with the Employees Benefit Agreement of the National Electrical Benefit Fund ("NEBF"), as entered into between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers on September 3, 1946, as amended, and now delineated as the Restated Employees Benefit Agreement and Trust, that unless authorized otherwise by the NEBF, the individual Employer will forward monthly to the NEBF'S designated local collection agent an amount equal to 3% of the gross monthly labor payroll paid to, or accrued by, the employees in this bargaining unit, and a completed payroll report prescribed by the NEBF. The payment shall be made by check or draft and shall constitute a debt due and owing to the NEBF on the last day of each calendar month, which may be recovered by suit initiated by the NEBF or its assignee. The payment and the payroll report shall be mailed to reach the office of the appropriate local collection agent not later than fifteen (15) calendar days following the end of each calendar month. DC ELECTRIC GROUPCal-West Lighting & Signal Maintenance, INC., Inc.,. hereby accepts, and agrees to be bound by, the Restated Employees Benefit Agreement and Trust. If DC ELECTRIC GROUPCal-West Lighting & Signal Maintenance, INC.Inc., fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy- seventy-two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the local collection agent. The failure of DC ELECTRIC GROUPCal-West Lighting & Signal Maintenance, INC.Inc., to comply with the applicable provisions of the Restated Employees Benefit Agreement and Trust shall also constitute a breach of this Labor Agreement. 401(k) Section 5.3 It is agreed that in accordance with the Company’s 401(k) Plan (the “401(k) Plan”), that DC ELECTRIC GROUPCal-West Lighting & Signal Maintenance, INC.Inc., will contribute three percent (3%) of a worker’s gross wage into the 401(k) Plan (“Pension Contribution”) and shall administer the plan in accordance with the plan documents. Additionally, workers shall be offered the choice to make salary deferrals into the 401(k) Plan up to the maximum amount allowed by the Internal Revenue Service for each plan year, based upon the workers age. These salary deferrals are discretionary, can be changed by the worker at anytime, and are in addition to DC ELECTRIC GROUPCal-West Lighting & Signal Maintenance, INC.Inc., Pension Contribution. Workers shall be immediately vested in 100% of the Pension Contribution. The Pension Contribution shall be held in trust by DC ELECTRIC GROUPCAL- WEST LIGHTING & SIGNAL MAINTENANCE, INC. on the employee’s behalf and shall be subject to all the guidelines set forth by the 401(k) Plan and applicable governing laws regarding such plans. Pension Contributions and salary deferrals held in trust in the 401(k) plan shall be placed in individual accounts, and workers shall have the ability direct the investments of their own funds in the 401(k) plan. Failure by DC ELECTRIC GROUPCal-West Lighting & Signal Maintenance, INC.Inc., to make all payments provided for under this clause shall be a breach of this Agreement.

Appears in 1 contract

Samples: California Statewide

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Restated Employees Benefit Agreement and Trust. Section 5.2 It is agreed that in accord with the Employees Benefit Agreement of the National Electrical Benefit Fund ("NEBF"), as entered into between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers on September 3, 1946, as amended, and now delineated as the Restated Employees Benefit Agreement and Trust, that unless authorized otherwise by the NEBF, the individual Employer will forward monthly to the NEBF'S designated local collection agent an amount equal to 3% of the gross monthly labor payroll paid to, or accrued by, the employees in this bargaining unit, and a completed payroll report prescribed by the NEBF. The payment shall be made by check or draft and shall constitute a debt due and owing to the NEBF on the last day of each calendar month, which may be recovered by suit initiated by the NEBF or its assignee. The payment and the payroll report shall be mailed to reach the office of the appropriate local collection agent not later than fifteen (15) calendar days following the end of each calendar month. DC ELECTRIC GROUPSIEMENS MOBILITY, INC., DBA SIEMENS ITS, hereby accepts, and agrees to be bound by, the Restated Employees Benefit Agreement and Trust. If DC ELECTRIC GROUPSIEMENS MOBILITY, INC., DBA SIEMENS ITS, fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy- seventy-two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the local collection agent. The failure of DC ELECTRIC GROUPSIEMENS MOBILITY, INC., DBA SIEMENS ITS, to comply with the applicable provisions of the Restated Employees Benefit Agreement and Trust shall also constitute a breach of this Labor Agreement. 401(k) Section 5.3 It is agreed that in accordance with the Company’s 401(k) Plan (the “401(k) Plan”), that DC ELECTRIC GROUPSIEMENS MOBILITY, INC., DBA SIEMENS ITS, will contribute three percent (3%) of a worker’s gross wage into the 401(k) Plan (“Pension Contribution”) and shall administer the plan in accordance with the plan documents. Additionally, workers shall be offered the choice to make salary deferrals into the 401(k) Plan up to the maximum amount allowed by the Internal Revenue Service for each plan year, based upon the workers age. These salary deferrals are discretionary, can be changed by the worker at anytime, and are in addition to DC ELECTRIC GROUPSIEMENS MOBILITY, INC., DBA SIEMENS ITS, Pension Contribution. Workers shall be immediately vested in 100% of the Pension Contribution. The Pension Contribution shall be held in trust by DC ELECTRIC GROUPSIEMENS MOBILITY, INC. ., DBA SIEMENS ITS on the employee’s behalf and shall be subject to all the guidelines set forth by the 401(k) Plan and applicable governing laws regarding such plans. Pension Contributions and salary deferrals held in trust in the 401(k) plan shall be placed in individual accounts, and workers shall have the ability direct the investments of their own funds in the 401(k) plan. Failure by DC ELECTRIC GROUPSIEMENS MOBILITY, INC., DBA SIEMENS ITS, to make all payments provided for under this clause shall be a breach of this Agreement.

Appears in 1 contract

Samples: California Statewide

Restated Employees Benefit Agreement and Trust. Section 5.2 It is agreed that in accord with the Employees Benefit Agreement of the National Electrical Benefit Fund ("NEBF"), as entered into between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers on September 3, 1946, as amended, and now delineated as the Restated Employees Benefit Agreement and Trust, that unless authorized otherwise by the NEBF, the individual Employer will forward monthly to the NEBF'S designated local collection agent an amount equal to 3% of the gross monthly labor payroll paid to, or accrued by, the employees in this bargaining unit, and a completed payroll report prescribed by the NEBF. The payment shall be made by check or draft and shall constitute a debt due and owing to the NEBF on the last day of each calendar month, which may be recovered by suit initiated by the NEBF or its assignee. The payment and the payroll report shall be mailed to reach the office of the appropriate local collection agent not later than fifteen (15) calendar days following the end of each calendar month. DC ELECTRIC GROUPBEAR ELECTRICAL SOLUTIONS, INC., hereby accepts, and agrees to be bound by, the Restated Employees Benefit Agreement and Trust. If DC ELECTRIC GROUPBEAR ELECTRICAL SOLUTIONS, INC., fails to remit as provided above shall be additionally subject to having his agreement terminated upon seventy- seventy-two (72) hours notice in writing being served by the Union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the local collection agent. The failure of DC ELECTRIC GROUPBEAR ELECTRICAL SOLUTIONS, INC., to comply with the applicable provisions of the Restated Employees Benefit Agreement and Trust shall also constitute a breach of this Labor Agreement. 401(k) Section 5.3 It is agreed that in accordance with the Company’s 401(k) Plan (the “401(k) Plan”), that DC ELECTRIC GROUPBEAR ELECTRICAL SOLUTIONS, INC., will contribute three percent (3%) of a worker’s gross wage into the 401(k) Plan (“Pension Contribution”) and shall administer the plan in accordance with the plan documents. Additionally, workers shall be offered the choice to make salary deferrals into the 401(k) Plan up to the maximum amount allowed by the Internal Revenue Service for each plan year, based upon the workers age. These salary deferrals are discretionary, can be changed by the worker at anytime, and are in addition to DC ELECTRIC GROUPBEAR ELECTRICAL SOLUTIONS, INC.,, Pension Contribution. Workers shall be immediately vested in 100% of the Pension Contribution. The Pension Contribution shall be held in trust by DC ELECTRIC GROUPBEAR ELECTRICAL SOLUTIONS, INC. ., on the employee’s behalf and shall be subject to all the guidelines set forth by the 401(k) Plan and applicable governing laws regarding such plans. Pension Contributions and salary deferrals held in trust in the 401(k) plan shall be placed in individual accounts, and workers shall have the ability direct the investments of their own funds in the 401(k) plan. Failure by DC ELECTRIC GROUPBEAR ELECTRICAL SOLUTIONS, INC., to make all payments provided for under this clause shall be a breach of this Agreement.

Appears in 1 contract

Samples: California Statewide

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