VACATION SAVINGS FUND Sample Clauses

VACATION SAVINGS FUND. The parties agree that the Union may establish a Vacation Savings Fund. The Union shall notify MSTS of such fund and the contributions to be allocated from the existing Wage and Fringe Benefit package, at least thirty (30) days prior to the effective date.
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VACATION SAVINGS FUND. 1501 - The parties have established a Southwest Carpenters Vacation Trust. Each Contractor shall make payments in the amounts designated in Section 1501.1 of the Southwest Carpenters Vacation Trust. 1501.1 Effective October 1, 2015, Contractors shall pay the sum of one dollar and forty-seven cents ($1.47) per hour for each hour worked by employees covered thereby to Trustees of the Southwest Carpenters Vacation Trust. The amount of seventy-five cents ($.75) per hour for vacation and seventy-two cents ($.72) per hour for check-off dues is incorporated in the wage rates set forth in the wage rate section. The one dollar and forty-seven cents ($1.47) per hour contribution should be deducted from the employee's pay due after all applicable taxes have been withheld and forwarded in the manner established by the signatory parties hereto. 1502 - The contributions so made shall be deemed to be, and shall be treated as, subject to withholding tax and Social Security and Unemployment taxes, a part of the total compensation payable at the end of the individual employer's payroll period during which such work is performed or paid for, but the full per-hour payments shall be transmitted to the Plan. 1503 - The provisions of Paragraphs 1202, 1203, 1204 and 1205 are incorporated into this Article by reference. 1504 - Subject to the following conditions, the Contractor agrees that he shall, if he is furnished with his employee's written authorization to do so, deduct the sum of seventy-two cents ($0.72) per hour or the amount of Supplemental Dues that are lawfully required by the Union from the amounts required to be paid as outlined in Article 18 to this Agreement for each employee covered hereby for each hour worked or paid for in each payroll period commencing October 1, 2015 as Check-off Dues. In implementing the foregoing, xxx Xxxxxxxxxx Southern California Administrative Corporation has been designated as Agent for the purpose of receiving and holding written authorization cards and for receiving, holding and allocating and distributing the dues moneys.
Sample 1
VACATION SAVINGS FUND. The Employer shall contribute per hour at the straight-time rate for all hours worked by or paid to employees covered by this Agreement to the Southwest Carpenters Vacation Trust.
Sample 1
VACATION SAVINGS FUND. 1501 - Amounts. Effective July 19, 1999, Employers shall pay the sum of fifty cents ($.50) per hour for each hour worked by employees covered hereunder to the Trustees of the Vacation-Savings Trust Fund. The amount of fifty cents ($.50) is incorporated into the wage rates set forth herein. The fifty cents ($.50) per hour contribution should be deducted from the employee’s pay, due after all applicable taxes have been withheld, and forwarded in the manner established by the signatory parties hereto. 1502 – Employers’ Obligations. The said payment of the Employer shall discharge his obligation hereunder. Any dispute arising in the administration of said fund shall not be deemed to be a dispute hereunder and shall not be the subject matter of the grievance procedures contained in Article 9 hereof and shall not be deemed to be a dispute concerning wages, hours and working conditions. 1502.1 Payments shall be made to the trustees monthly or in such other manner set forth in the trust agreement administering the said Trust.
Sample 1

Related to VACATION SAVINGS FUND

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • VACATION PLAN 2 All employees in the bargaining unit shall earn paid vacation time 3 under this Article. Vacation benefits are earned on a fiscal year 4 basis--July 1 to June 30. 5 8.1 Unit members are entitled to vacation with pay at the rates 6 to be found in the following schedule: 7 8.1.1 . 83 of a day for each month worked during the first 8 three (3) years.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • 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.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • 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 Accrual Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

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