Common use of Training Fund Clause in Contracts

Training Fund. It is agreed that the parties shall institute a Training Fund to be governed and controlled by the Administration Agreement between the parties and that the employer shall contribute and remit sixty-four cents ($0.64) to: In the event the Training Fund is discontinued, forty-nine cents ($0.49) would be returned to the employee’s wage package and fifteen cents ($0.15) would be deducted from the wage package. Out of this fund, three quarters (3/4) of one percent (1%) of the applicable Journeyperson’s wage rate for each hour worked will be paid to the Ironworkers Progressive Action Cooperative Trust (IMPACT).

Training Fund. It is agreed that the parties Parties shall institute a Training Fund to be governed and controlled by the Administration Agreement between the parties Parties, and that the employer shall contribute and remit sixty-four one cents ($0.640.61) per hour to: In the event the Training Fund is discontinued, forty-nine six cents ($0.490.46) would be returned to the employee’s wage package and fifteen cents ($0.15) would be deducted from the wage package. Out of this fund, three quarters (3/4) of one percent (1%) of the applicable Journeyperson’s wage rate for each hour worked will be paid to the Ironworkers Progressive Action Cooperative Trust (IMPACT).

Training Fund. It is agreed that the parties Parties shall institute a Training Fund to be governed and controlled by the Administration Agreement between the parties Parties, and that the employer shall contribute and remit sixty-four sixty- one cents ($0.640.61) per hour to: In the event the Training Fund is discontinued, forty-nine six cents ($0.490.46) would be returned to the employee’s wage package and fifteen cents ($0.15) would be deducted from the wage package. Out of this fund, three quarters (3/4) of one percent (1%) of the applicable Journeyperson’s wage rate for each hour worked will be paid to the Ironworkers Progressive Action Cooperative Trust (IMPACT).

Training Fund. It is agreed that the parties shall institute a Training Fund to be governed and controlled by the Administration Agreement between the parties and that the employer shall contribute and remit sixty-four cents ($0.64) to: In the event the Training Fund is discontinued, forty-nine cents ($0.49) would be returned to the employee’s wage package and fifteen cents ($0.15) would be deducted from the wage package. Out of this fund, three quarters (3/4) of one percent (1%) of the applicable JourneypersonJourneyman’s wage rate for each hour worked will be paid to the Ironworkers Progressive Action Cooperative Trust (IMPACT).

Training Fund. It is agreed that the parties Parties shall institute a Training Fund to be governed and controlled by the Administration Agreement between the parties Parties, and that the employer shall contribute and remit shall remit sixty-four one cents ($0.640.61) per hour to: In the event the Training Fund is discontinued, forty-nine six cents ($0.490.46) would be returned to the employee’s wage package and fifteen cents ($0.15) would be deducted from the wage package. Out of this fund, three quarters (3/4) of one percent (1%) of the applicable JourneypersonJourneyman’s wage rate for each hour worked will be paid to the Ironworkers Progressive Action Cooperative Trust (IMPACT).

Training Fund. It is agreed that the parties Parties shall institute a Training Fund to be governed and controlled by the Administration Agreement between the parties Parties, and that the employer shall contribute and remit sixty-four one cents ($0.640.61) per hour to: In the event the Training Fund is discontinued, forty-nine six cents ($0.490.46) would be returned to the employee’s wage package and fifteen cents ($0.15) would be deducted from the wage package. Out of this fund, three quarters (3/4) of one percent (1%) of the applicable JourneypersonJourneyman’s wage rate for each hour worked will be paid to the Ironworkers Progressive Action Cooperative Trust (IMPACT).