VACATION PAY TRUST FUND Sample Clauses

VACATION PAY TRUST FUND. The Local Vacation Pay Trust Fund shall continue and the payments required under Article 13.00 of the Agreement shall be made monthly by the Employer not later than the fifteenth (15th) day of the month immediately following the month in which hours and accrued monies were earned and at no time shall the payments be made to any individual employee. Remittance shall be made in accordance with the provisions of Article 14.00 of the Agreement.
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VACATION PAY TRUST FUND. The Parties agree to a Vacation Pay Trust Fund and its title shall be “The Ontario Provincial Conference Vacation Pay Trust Fund”. Existing Vacation Pay Contributions and established method of remittances shall at the rate defined in Arti- cle All Vacation Contributions shall be and the total combined amounts together with Monthly Report Form provided by the Ontario Provincial Con- xxxxxxx Vacation Pay Trust Fund shall be forwarded and to be received by the Fund Administrator not later than the day of each month following the month in which the contributions were earned. This shall apply for each work month except for the work month of May when the Vacation Pay Report Forms and the Contributions shall be received by the Fund Administrator not later than the day of June. Vacation Pay shall not be paid to an Employee at any time except through the provisions of the Trust Agreement. or Vacation Period shall be the period commenc- ing June year and the Administrator of The Ontario Provincial Conference Vacation Trust Fund shall issue a cheque to each Employee for whom contributions have been received by the Administrator during the Fiscal Year as outlined in the Trust Agreement. Vacation and holiday pay shall be at the rate of of the Employee’s gross wages earned. this amount includes percent in lieu of payment for statutory holidays.
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VACATION PAY TRUST FUND. The Employer agrees to pay out vacation pay weekly with the regular earnings of the employees. The vacation pay will also be deducted from the employee’s pay after all other deductions have been made from the pay. The vacation pay will then be remitted monthly by the Employer to the Vacation Pay Trust Fund of the Employees’ Trust Fund together with an itemized list of the employees for whom remittances are made and the amount of vacation pay remitted for each.
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VACATION PAY TRUST FUND. Vacation and Holiday pay shall be at the rate of ten percent (10%) of the Employee’s gross wages earned. This amount includes four percent (4%) in lieu of payment for statutory holidays.
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VACATION PAY TRUST FUND. The Parties agree to a Vacation Pay Trust Fund and its title shall be “The Vacation Pay Trust Fund”. Existing Vacation Pay Contributions and established method of remittances shall continue at the rate defined in Article All Vacation Pay Contributions shall be compiled monthly and the total combined amounts together with an Employer Monthly Report form provided by the Vacation Pay Trust Fund shall be forwarded and to be received by the Fund Administrator not later than the 15th day of each month following the month in which the contributions were earned. This shall apply for each work month except for the work month of May when the Vacation Pay Report forms and the Contributions shall be received by the Fund Administrator not later than the day of June. Vacation Pay shall not be paid to an Employee at any time except through the provisions of the Trust Agreement. Holiday or Vacation Period shall be the period commencing June 30th each year and the Administrator of the Brick and Allied Craft Union of Canada Vacation Pay Trust Fund shall issue a cheque to each Employee for whom contributions have been received by the Administrator during the Fiscal year as outlined in the Trust Agreement. Vacation and Holiday Pay shall be at the rate of of Employees gross wages earned. This amount includes four percent (4%)in lieu of payment for statutory holidays. PROVINCIAL AGREEMENT In this article, the reference to Deduct” or Deduct” means Provincial Working Dues and the reference to Per Capita” means Provincial monthly per capita dues and the reference to Fund means “The Brick and Allied Craft Union of Canada Organizing Trust” and the reference to Pension” or any reference to “pension”except local pensions means “The Canadian Bricklayers and Allied Craft Union Members Pension Trust Canada Customs and Revenue Agency Registration Number Article Wages (increases to total wage package) June November May November May November PROVINCIAL AGREEMENT Nov. May Local Total Wage Terrazzo Tile Mechanic Cement Xxxxx Base Machine Operator Terrazzo Floor Machine Operator Marble Tile Terrazzo Helper Hourly Wage Rate Total Wage Round Pens. Pens. Welfare Dent SUB Local Nov. May
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VACATION PAY TRUST FUND. Vacation Pay shall be paid weekly, Vacation and Holiday pay shall be at the rate of ten percent (10%) of the Employee's gross wages earned. This amount includes four percent (4%) in lieu of payment for statutory holidays. Locals and Vacation pay shall be deducted weekly and remitted monthly to the local's Vacation Pay Trust Funds. Vacation and Holiday pay shall be at the rate of ten percent (10%) of the Employee's gross wages earned. This amount includes four percent (4%) in lieu of payment for statutory holidays.
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VACATION PAY TRUST FUND. The Local Vacation Pay Trust Fund shall continue and the payments required under Article of the Agreement shall be made monthly by the Employer not later than the fifteenth (15th) day of the month immediately following the month in which hours and accrued were earned and at no time shall the payments made to any Remittance shall be made in accordance with the provisions of of the Agreement tho TO BE the 16th of TO BE DETERMINED THE AS FOLLOWS: Vacation pay at three percent (3%)paid to the employee. Paid out twice a year June and December The sum of one and six for each hour worked by an employee during each for of forty pay for each hour to be included in the employee's pay cheque.
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VACATION PAY TRUST FUND. (a) The Parties agree to a Vacation Pay Trust Fund and its title shall be “The Brick and Allied Craft Union of Canada Vacation Pay Trust Fund”. Existing Vacation Pay Contributions and established method of remittances shall continue at the rate defined in Article 29(a). All Vacation Pay Contributions shall be compiled monthly and the total combined amounts together with an Employer Monthly Report form provided by the Brick and Allied Craft Union of Canada Vacation Pay Trust Fund shall be forwarded and to be received by the Fund Administrator not later than the 15th day of each month following the month in which the contributions were earned. This shall apply for each work month except for the work month of May when the Vacation Pay Report forms and the Contributions shall be received by the Fund Administrator not later than the 10th day of June.
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Related to VACATION PAY TRUST FUND

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Master Servicing Compensation As compensation for its activities as Master Servicer hereunder and as a subservicer pursuant to the Servicing Rights Transfer and Subservicing Agreement, the Master Servicer shall be entitled to retain or withdraw from the Certificate Account an amount equal to the Master Servicing Fee for each Mortgage Loan, provided that the aggregate Master Servicing Fee with respect to any Distribution Date shall be reduced (i) by the amount of any Compensating Interest paid by the Master Servicer with respect to such Distribution Date, and (ii) with respect to the first Distribution Date, an amount equal to any amount to be deposited into the Distribution Account by the Depositor pursuant to Section 2.1(a) and not so deposited. Additional servicing compensation in the form of (i) Excess Proceeds, Prepayment Interest Excess and all income and gain net of any losses realized from Permitted Investments and (ii) prepayment penalties, assumption fees and late payment charges in each case under the circumstances and in the manner set forth in the applicable Mortgage Note or Mortgage shall be retained by the Master Servicer to the extent not required to be deposited in the Certificate Account pursuant to Section 3.5 hereof. The Master Servicer shall be required to pay all expenses incurred by it in connection with its master servicing activities hereunder (including payment of any premiums for hazard insurance and any Primary Insurance Policy and maintenance of the other forms of insurance coverage required by this Agreement) and shall not be entitled to reimbursement therefor except as specifically provided in this Agreement.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Vacation Pay Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

  • Vacation Pay on Termination An employee whose employment is terminated shall receive vacation pay at the appropriate percentage of the wages or salary earned during the period of entitlement in accordance with the employee's years of service.

  • Trust Fund The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10

  • Servicing Compensation As compensation for the activities of the Servicer hereunder, the Servicer shall be entitled to the Servicing Fee with respect to each Mortgage Loan payable solely from payments of interest in respect of such Mortgage Loan, subject to Section 3.24. In addition, the Servicer shall be entitled to recover unpaid Servicing Fees out of Late Collections, Insurance Proceeds, condemnation proceeds or Liquidation Proceeds and as otherwise permitted by Section 3.11(a) and out of amounts derived from the operation and sale of an REO Property to the extent permitted by Section 3.23. Except as expressly provided in Sections 6.04 and 7.02 herein, the right to receive the Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Servicer’s responsibilities and obligations under this Agreement; provided, however, that the Servicer may pay from the related Servicing Fee any amounts due to a related Sub-Servicer pursuant to a Sub-Servicing Agreement entered into under Section 3.02; provided further that the Servicer may assign a portion of its Servicing Fee to an affiliate of the Servicer in connection with the ownership by such affiliate of the servicing rights attributable to the Mortgage Loans (provided that any right, title or interest of such affiliate in such portion of the Servicing Fee shall be subject to termination of the Servicer in accordance with the terms of this Agreement). Additional servicing compensation in the form of assumption or modification fees, late payment charges, insufficient funds fees, reconveyance fees and other ancillary fees (other than Prepayment Premiums) shall be retained by the Servicer (subject to Section 3.24) only to the extent such fees or charges are received by the Servicer. The Servicer shall also be entitled pursuant to Section 3.11(a)(iv) to withdraw from the Collection Account, and pursuant to Section 3.23(b) to withdraw from any REO Account, as additional servicing compensation, interest or other income earned on deposits therein, subject to Section 3.12 and Section 3.24. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including premiums for the insurance required by Section 3.14, to the extent such premiums are not paid by the related Mortgagors or by a related Sub-Servicer, it being understood however, that payment of such premiums by the Servicer shall constitute Servicing Advances), servicing compensation of any Sub-Servicer and to the extent provided herein in Section 6.03, the indemnification of the Trustee, and shall not be entitled to reimbursement therefor except as specifically provided herein.

  • The Owner Trustee’s Compensation Compensation for all services rendered by Wilmington Trust under this Agreement (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) shall be paid to Wilmington Trust pursuant to Section 4.4(a) of the Sale and Servicing Agreement or Section 5.4(b) of the Indenture, as applicable (in either case to the extent of Available Funds available therefor), in accordance with the terms of an applicable fee letter. Wilmington Trust shall, upon its request and in accordance with an applicable fee letter, be reimbursed pursuant to Section 4.4(a) of the Sale and Servicing Agreement or Section 5.4(b) of the Indenture, as applicable (in either case to the extent of Available Funds available therefor), for all reasonable expenses, disbursements and advances incurred or made by Wilmington Trust in accordance with any provision of this Agreement (including the reasonable compensation, expenses and disbursements of such agents, experts and counsel as Wilmington Trust may employ in connection with the exercise, enforcement and performance of its rights and its duties hereunder or amendments or modifications hereto, including but not limited to expenses related to Sections 4.3 and 5.3 hereof), except any such expense that may be attributable to its willful misconduct, gross negligence (other than an error in judgment) or bad faith. To the extent not paid in full from Available Funds pursuant to Section 4.4 of the Sale and Servicing Agreement or Section 5.4(b) of the Indenture, as applicable (whether by application of the limitation set forth in Section 4.4(a) of the Sale and Servicing Agreement or otherwise), on or before the Payment Date following the end of the Collection Period that includes the 30th day after the request therefor, such fees and reasonable expenses shall be paid by the Servicer pursuant to Section 3.11 of the Sale and Servicing Agreement (without regard to such limitation). The provisions of this Section 8.1 shall survive the termination of this Agreement and the resignation or removal of the Owner Trustee.

  • Trustee Compensation The Trustees as such shall be entitled to reasonable compensation from the Trust. They may fix the amount of their compensation. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, administrative, legal, accounting, investment banking, underwriting, brokerage, or investment dealer or other services and the payment for the same by the Trust.

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