Savings Trust Funds. A Savings Plan Trust Fund is established into which the savings contributions set out in Clause 8.01 and referred to in Clause 6.04 will be paid and it is agreed that the administration of the Fund will be the responsibility of Local Union 516. Based on agreement by the Parties the Vancouver Island based Employees increased the contribution rate to the Savings Trust -Fund; (see Appendix "B"). Regardless the total monetary increase for the Vancouver Island based Employees will equal that of the Mainland based Employers. The purposes and uses of the Savings Plan Trust Fund referred to herein shall be within the sole discretion of the Trustees appointed by Local Union 516.
Appears in 5 contracts
Samples: Air Conditioning Agreement, Air Conditioning Agreement, Air Conditioning Agreement
