Vacation and Holiday Fund. 4. (a) The Contractor agrees to pay into the Operating Engineers’ Local 324 Vacation and Holiday Fund the sum of fifteen percent (15%) of the gross wages earned by each employee working under the terms of this Agreement.
Vacation and Holiday Fund. (a) Pursuant to the Amended and Restated Agreement and Declaration of Trust between the Union and the Associations governing the Operating Engineers’ Local 324 Vacation and Holiday Fund of Michigan, dated November 11, 1975, which is incorporated herein by reference, employees may voluntarily execute a written authorization for an assignment of a part of their base wages for the payment of working dues which are uniformly required of all employees working within the jurisdiction of the Union. The Contractor appoints the Trustees of the Operating Engineers’ Local 324 Vacation and Holiday Fund of Michigan as its agent for the receipt of said written authorizations and for the deduction of said working dues as hereinafter provided. Upon receipt of written authorization signed by the employee, the administrator shall deduct the amount authorized as working dues from Vacation and Holiday Fund contributions for said employee received by the administrator, prior to depositing such contributions into the Vacation and Holiday Fund.
Vacation and Holiday Fund. The per hour wage rate for Carpenters will include one dollar ($1.00) vacation and holiday payment; and eighty-five cents (.85) per hour to be paid under the Estamp Plan as outlined in Section 5.05 (This does not apply to 1st, 2nd, 3rd and 4th term apprentices.) When an employee works overtime, he/she shall receive an additional estamp equal to the vacation and holiday part of his wages for each overtime hour worked or majority fraction thereof as explained in Section 5.05. Employee receives double fringes on all time and one-half and double time hours worked. This contribution amount does not apply to 1st, 2nd, 3rd, and 4th term apprentices. The reporting, payment and administration of such vacation and holiday payment shall be governed by the terms of the trust agreement creating xxx XXXXXXXXXX’ VACATION AND HOLIDAY FUND OF ST. LOUIS . Upon thirty (30) days prior written notice by the Union to the Employer, the Union may increase the amount of the hourly Vacation and Holiday pay not more than once in each calendar year.
Vacation and Holiday Fund. The Contractor agrees to pay into the Operating Engineers’ Local 324 Vacation and Holiday Fund of Michigan (hereinafter called “Vacation and Holiday Fund”) the sum of fifteen percent (15%) of the gross wages earned by each employee working under the terms of this Agreement. The amount of vacation and holiday payment as shown in Article IV, Section 5, is for information only. Fifteen percent (15%) of the gross wages shall govern in any event.
Vacation and Holiday Fund. Vacation and Holiday pay shall constitute a part of, and shall be included in all Employees’ base wages for the purpose of computing all payroll withholdings, such as income tax, social security and other required deductions and then shall be subtracted from the Employees’ weekly total pay and transmitted by the Employer to such bank as will be designated by the Trustees of the Vacation and Holiday Pay Fund, and that each Employee shall be paid his Vacation and Holiday monies in December of each year from the Vacation and Holiday Pay Fund; and the Employer shall show on each Employee's paycheck stub, the amount of Vacation and Holiday Pay deducted.
Vacation and Holiday Fund. (a) In addition to all other compensation required by the terms of this Agreement, the Employer agrees to pay the amount specified in Section 27 into the Operating Engineers Local No. 324 Vacation and Holiday Trust Fund, hereinafter referred to as “Vacation Fund” or “Fund,” prior to any withholdings for each employee covered by this Agreement. The amount of the contributions made in behalf of each employee to the Fund shall be added to the employee’s gross wages before computing the withholding of any Federal or Local income taxes and F.I.C.A. contributions. This payment shall be forwarded each month to such depository as may be designated by the Trustees of said Fund, on forms furnished by the Trustees, and the Trustees shall instruct the depository to maintain an individual record for each employee for whom contributions are received which shall show the amount of money contributed with respect to each employee.
