Common use of Vacation Fund Clause in Contracts

Vacation Fund. All persons, firms or corporations who are signatory parties, or who may become signatory parties to this Agreement shall pay into the Operating Engineer Employer Vacation Fund for the purpose of providing vacation benefits to all eligible employees covered by this Agreement the contribution rate specified in Article IX, Section 9.1. Vacation payments shall be considered as wages of an employee. The Fund shall be a jointly trusteed fund subject to the provisions of the Trust which the appointed Trustees must adopt before collection of vacation contributions.

Appears in 2 contracts

Samples: Master Building Agreement, Master Building Agreement

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Vacation Fund. All persons, firms or corporations who are signatory parties, or who may become signatory parties to this Agreement shall pay into the Operating Engineer Employer Vacation Fund for the purpose of providing provid- ing vacation benefits to all eligible employees covered by this Agreement the contribution rate specified in Article IX, Section 9.1. Vacation payments shall be considered as wages of an employee. The Fund shall be a jointly trusteed fund subject to the provisions of the Trust which the appointed Trustees must adopt before collection of vacation contributions.

Appears in 1 contract

Samples: Master Building Agreement

Vacation Fund. All persons, firms or corporations who are signatory parties, or who may become signatory parties to this Agreement shall pay into the Operating Engineer - Employer Vacation Fund for the purpose of providing vacation benefits to all eligible employees covered by this Agreement the contribution rate specified in Article IX, SectionSection 9. 9.11. Vacation payments shall be considered as wages of an employee. The Fund shall be a jointly trusteed fund subject to the provisions of the Trust which the appointed Trustees must adopt before collection of vacation contributions.

Appears in 1 contract

Samples: Master Building Agreement

Vacation Fund. All persons, firms or corporations who are signatory parties, or who may become signatory parties to this Agreement shall pay into the Operating Engineer Employer Vacation Fund for the purpose of providing vacation benefits to all eligible employees covered by this Agreement the contribution rate specified in Article IX, SectionSection 9. 9.11. Vacation payments shall be considered as wages of an employee. The Fund shall be a jointly trusteed fund subject to the provisions of the Trust which the appointed Trustees must adopt before collection of vacation contributions.

Appears in 1 contract

Samples: Master Building Agreement

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Vacation Fund. All persons, firms or corporations who are signatory parties, or who may become signatory parties to this Agreement shall pay into the Operating Engineer Employer Vacation Fund for the purpose of providing vacation benefits to all eligible employees covered by this Agreement the contribution rate specified in Article IX, Section Section 9.1. Vacation payments shall be considered as wages of an employee. The Fund shall be a jointly trusteed fund subject to the provisions of the Trust which the appointed Trustees must adopt before collection of vacation contributions.

Appears in 1 contract

Samples: Master Building Agreement

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