Common use of Use and distribution of funds Clause in Contracts

Use and distribution of funds. Each year the board of the Scheme shall determine the amounts to be set aside in advance for joint purposes worthy of support. The other Scheme funds shall be managed – one half by each – by a special committee appointed by each of the two central organisations. Special by-laws shall be drawn up for the activities of these committees. NHO and LO shall each keep the other mutually informed concerning the plans these special committees have for use of the funds and the measures that have been implemented. All enterprises that contribute to the Scheme shall, in accordance with rules to be determined, be entitled to participate in measures financed by the Scheme.

Use and distribution of funds. Each year the board of the Scheme shall determine the amounts to be set aside in advance for joint purposes worthy of support. The other Scheme funds shall be managed – one half by each – by a special committee appointed by each of the two central organisations. Special by-laws shall be drawn up for the activities of these committees. NHO and LO shall each keep the other mutually informed concerning the plans these special committees have for use of the funds and the measures that have been implemented. All enterprises that contribute to the Scheme shall, in accordance with rules to be determined, be entitled to participate in measures financed by the Scheme.. COMMON PART

Use and distribution of funds. Each year the board of the Scheme shall determine the amounts to be set aside in advance for joint purposes worthy of support. The other Scheme funds shall be managed – - one half by each – - by a special committee appointed by each of the two central organisations. Special by-laws shall be drawn up for the activities of these committees. NHO and LO shall each keep the other mutually informed concerning the plans these special committees have for use of the funds and the measures that have been implemented. All enterprises that contribute to the Scheme shall, in accordance with rules to be determined, be entitled to participate in measures financed by the Scheme.