Common use of Supplemental Dues Clause in Contracts

Supplemental Dues. The Member agrees to pay the following amounts in addition to the Division Dues for membership in the relevant Divisions (“SUPPLEMENTAL DUES”): (i) For membership in the Aggregate Division, the Member shall pay 0.0367 cents per man hour of work as reported on the MSHA Form 7000-2 during the course of the Membership Term. Dues paid under this section are capped at Forty Thousand Dollars ($40,000.00) per year. (ii) For membership in any other Division, the Member shall pay Twelve One-hundredths of One Percent (0.0012) ($120.00 per $100,000.00) of the contract price of each Tennessee Department of Transportation Contract entered into during the course of the Membership Term. For contracts exceeding Forty Two Million and 00/100 Dollars ($42,000,000.00), the Member shall pay Twelve One-hundredths of One Percent (0.0012) for the first Forty Two Million and 00/100 Dollars ($42,000,000.00), Six One-hundredths of One Percent (0.0006) for amounts between Forty Two Million and 01/100 Dollars ($42,000,000.01) and One Hundred Million and 00/100 Dollars ($100,000.00), and Three One-hundredths of One Percent (0.0003) for amounts over One Hundred Million Dollars ($100,000,000.00). (iii) Supplemental Dues are capped at Fifty Thousand Dollars and 00/100 ($50,000.00) on any one contract and Seventy Five Thousand and 00/100 Dollars ($75,000.00) total for a year.