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.
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.
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.
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.
