Trust Fund Obligations. It is agreed that the undersigned employer hereby becomes a party to the applicable Trust Agreements for each trust fund. Employer agrees to be bound by the written provisions and procedures of said trust agreements, and any present or future amendments to such trust agreements, or any successor trust agreements.
Trust Fund Obligations. 14.01 The Contractor agrees to be bound by the Trust Fund Agreements establishing of Local 577 Trust Funds (fringe benefits) listed on the Addendum and further agree to be bound by and comply with all the rules and regulations of the Health & Welfare, Apprenticeship and Collections Funds of the Local 577 Trust Funds, and all reciprocity participants, of Local 577 pledges to work on behalf of the Western Wall & Ceiling Contractors Association to have them placed on the Board of Trustees once the association has two employers with two or more full- time Plasterer’ employees working for each employer and covered under this agreement. The association agrees to withdraw/resign from the board of Trustees if employers do not have this minimum, as stated, of full-time employees working under this agreement. The Pension Fund known as the Cement Masons’ and Plasterers Pension Trust has been established in Aurora, Colorado. The Employer agrees to abide by said Trust Agreement and the rules, regulations and policies of the Trust, as may be amended and/or supplemented from time to time. The Employer further agrees to accept the appointed Employer Trustees as their trustees and abide by the actions, directions and decision of the Board of Trustees pertaining to the Employers’ obligations to the Trust. The Employer agrees to make payment of contributions according to Appendix A hereto. Such contributions must be mailed to Cement Masons and Plasterers Trust Fund CompSys Inc. located at 0000 Xxxxx Xxxxxx Xxxx, Suite 215 Aurora Colorado 80014, (000)000-0000, or the Third-Party Administrator designated by the Union to be timely received by the Trust in accordance with the Trust Collection Policy of which Employer acknowledges receipt. Participation by the Employers in said Trust shall be for the duration of this agreement and any renewals or extensions thereof, or for the period employees are employed under the terms of this agreement. The Employer hereby consents to the jurisdiction and venue of the Federal and State Courts in the jurisdictional areas of Colorado and Wyoming as the exclusive jurisdiction and venue for disputes regarding the Employer’s compliance with this Article and the rules, regulations and policies of the Trust, including the timely payment of contributions and cooperation for audits. The Employer further agrees that, to the extent not pre-empted or governed by federal law, the law of the States of Colorado and Wyoming shall govern this Agreement and th...
Trust Fund Obligations. All payments required to be made by each employer to the Vacation Savings Plan, the Health and Welfare Trust Fund, the Pension Trust Fund, and the Apprenticeship Training Trust under this Agreement, shall be due and payable to the appropriate Trust Fund no later than the thirtieth (30th) day of the month for all hours worked by employees covered by this Agreement during the preceding month. An employer who has not made such payment by the thirtieth (30th) day of the month shall be considered as in violation of this Agreement and a delinquent employer. The Union has the right to withhold services from any and all jobs of such delinquent Contractor or Subcontractors, if proper payment is not made. Should the Union withhold services from any delinquent Contractors for any and all jobs covered by this Agreement, it will not be considered a violation of the no strike-no lockout clause contained in this Agreement. The Contractor agrees to comply with the Joint Trust Fund Collection Policy in existence at the time of this Agreement and as amended by the Board of Trustees.
Trust Fund Obligations
