Common use of Vacation Fund Clause in Contracts

Vacation Fund. (a) The Building and Public Works Laborers’ Vacation Trust Fund hereinafter referred to as the “Vacation Fund,” established in 1955, shall continue to remain in full force and effect. (b) Each Employer covered by this Agreement shall pay monthly to the Wisconsin Laborers’ Fringe Benefit Funds, Lockbox 978844, PO Box 8844, Carol Stream, IL 60197-8844 the sum of two dollars and fifty-four cents ($2.54) per hour for vacation pay and working dues and of one (1) cent per hour for jury pay for each hour (whether straight-time or overtime) for which wages or compensation is payable to an Employee under this Agreement. Payments to the Vacation Fund shall be considered as wages of an Employee and shall be included in gross earnings for the purpose of computing deductions for withholding tax and social security. In addition, Vacation Pay shall be deducted from the Employee’s paycheck and sent to the Laborers’ Vacation Fund. (a) The deduction of two dollars and fifty-four cents ($2.54) per hour shall be credited to respective indi- vidual Employees under and subject to such condi- tions, limitations and policies as may be provided under the applicable Trust Agreement and as may be established by the Trustees of the Vacation Fund. (b) The deduction of one (1) cent per hour shall not be credited to individual Employees, but shall be used by the Trustees to pay Employees covered by this Agreement for jury duty under and subject to such conditions, limitations and policies as may be estab- lished by the Trustees of the Vacation Fund.

Vacation Fund. (a) The Building and Public Works Laborers’ Vacation Trust Fund hereinafter referred to as the “Vacation Fund,” established in 1955, shall continue to remain in full force and effect. (b) Each Employer covered by this Agreement shall pay monthly to the Wisconsin Laborers’ Fringe Benefit Funds, Lockbox 978844, PO Box 8844XX Xxx 0000, Carol StreamXxxxx Xxxxxx, IL 60197XX 00000-8844 0000 the sum of two dollars and fifty-four cents ($2.54) per hour for vacation pay and working dues and of one (1) cent per hour for jury pay for each hour (whether straight-time or overtime) for which wages or compensation is payable to an Employee under this Agreement. Payments to the Vacation Fund shall be considered as wages of an Employee and shall be included in gross earnings for the purpose of computing deductions for withholding tax and social security. In addition, Vacation Pay shall be deducted from the Employee’s paycheck and sent to the Laborers’ Vacation Fund. (a) The deduction of two dollars and fifty-four cents ($2.54) per hour shall be credited to respective indi- vidual Employees under and subject to such condi- tions, limitations and policies as may be provided under the applicable Trust Agreement and as may be established by the Trustees of the Vacation Fund. (b) The deduction of one (1) cent per hour shall not be credited to individual Employees, but shall be used by the Trustees to pay Employees covered by this Agreement for jury duty under and subject to such conditions, limitations and policies as may be estab- lished by the Trustees of the Vacation Fund.

Vacation Fund. (a) The Building and Public Works Laborers’ Vacation Trust Fund Fund, hereinafter referred to as the “Vacation Fund,” ”, established in 1955, shall continue to remain in full force and effect. (ba) Each Effective June 1st, 2020 each Employer covered by this Agreement shall pay monthly to the Wisconsin Laborers’ Fringe Benefit Funds, Lockbox 978844, PO Box 8844X.X. Xxx 0000, Carol StreamXxxxx Xxxxxx, IL 60197XX 00000-8844 0000, the sum of two dollars and fiftytwenty-four nine cents ($2.542.29) per hour for vacation pay and working dues and of one cent (1$.01) cent per hour for jury pay for each hour (whether straight-time or overtime) for which wages or compensation is payable to an Employee employee under this Agreement. Payments to the Vacation Fund shall be considered as wages of for an Employee employee and shall be included in gross earnings for the purpose of computing deductions for withholding tax and social security. In addition, Vacation Pay shall be deducted from the Employeeemployee’s paycheck and sent to the Laborers’ Vacation Fund. (ab) Effective June 7th, 2021 to be allocated. (c) Effective June 6th, 2022 to be allocated. The deduction of two dollars and fifty-four cents ($2.54) per hour shall be credited rules under which such Vacation Fund established in connection therewith are to respective indi- vidual Employees under and subject to such condi- tions, limitations and policies operate as may be provided under the applicable set forth in a Trust Agreement heretofore entered into between the Association and as may be established the Union, and in the By-Laws prepared by the Trustees pursuant to such Agreement. Payments to the Vacation Fund are to be made at the end of the Vacation each month in which the work was performed, but no later than the fifteenth (15th) day of the following month, after which time the payments will be considered to be delinquent. In the event an Employer becomes delinquent in his payments to the Fund. (b) The deduction , and after the Trustees have advised the delinquent Employer, in writing, of said delinquency and in view of the fact that the anticipated and actual damages are difficult or incapable of accurate ascertainment in such event, such Employer may be assessed, by the Trustees, as liquidated damages, 20% of such delinquent payments and further such delinquent Employers shall be required to pay interest at the maximum rate permitted by law, not to exceed one and one-half percent (1-1/2%) cent per hour shall not be credited month, on the unpaid and delinquent balance (including unpaid past due liquidated damages, if any) owed. In the event that the Fund’s Administrative Manager refers the delinquency to individual Employeeslegal counsel for collection, but then such Employer shall be used obligated to pay, in addition to such liquidated damages and interest charges, reasonable attorney’s fees and any other costs and expenses reason- ably arising in connection with any collection action. If the employees are removed from the job by the Trustees Union to pay Employees covered by this Agreement for jury duty under and subject to enforce such conditionsdelinquent payments including liquidated damages, limitations and policies as may the employees shall be estab- lished paid by the Trustees delinquent Employer for all lost time at the straight- time hourly rate. Effective June 1, 1984, it is agreed that workers who appear as witnesses on Workers’ Compensation Hearings shall receive compensation and the source of compensation is to be from the Vacation Fundjury fund.

Vacation Fund. Section 8.1. (a) The Building and Public Works Laborers’ ' Vacation Trust Fund hereinafter referred to as the “"Vacation Fund,” " established in 1955, shall continue to remain in full force and effect. (b) Each Employer covered by this Agreement shall pay monthly to the Wisconsin Laborers’ Fringe Benefit Funds, Lockbox 978844, PO Box 8844, Carol Stream, IL 60197-8844 the sum of two dollars and fifty-four cents ($2.54) per hour for vacation pay and working dues and of one (1) cent per hour for jury pay for each hour (whether straight-time or overtime) for which wages or compensation is payable to an Employee under this Agreement. Payments to the Vacation Fund shall be considered as wages of an Employee and shall be included in gross earnings for the purpose of computing deductions for withholding tax and social security. In addition, Vacation Pay shall be deducted from the Employee’s 's paycheck and sent to the Laborers’ ' Vacation Fund. (a) The deduction of two dollars and fifty-four cents ($2.54) per hour shall be credited to respective indi- vidual individual Employees under and subject to such condi- tionsconditions, limitations and policies as may be provided under the applicable Trust Agreement and as may be established by the Trustees of the Vacation Fund. (b) The deduction of one (1) cent per hour shall not be credited to individual Employees, but shall be used by the Trustees to pay Employees covered by this Agreement for jury duty under and subject to such conditions, limitations and policies as may be estab- lished established by the Trustees of the Vacation Fund.