VACATION TRUST Sample Clauses

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VACATION TRUST. Additional vacation pay based on industry experience shall be provided in accordance with the provisions of the Industry Vacation Plan. Said additional vacation pay shall be paid to the employee by the Employer together with the vacation pay that is due from the Employer as set forth above. The additional amount of vacation pay paid to the employee because of industry experience, plus any other amounts which the Employer is required to pay by law in connection with such payments, shall be reimbursed to the Employer from the Trust Fund in accordance with the procedures established by the Trustees of said Fund.
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VACATION TRUST. A. The Employers and the Union agree to establish the Southern California Cement Masons Vacation Savings Plan. B. The Contractor shall make payments in the amount designated in Appendix “C” of this Agreement for each hour worked by Employees or for which they receive pay, for all Employees covered by the terms of this Agreement to the Vacation Savings Plan. C. Vacation benefits shall be distributed in accordance with the rules and policies established under the Southern California Cement Masons Vacation Savings Plan. Administrative costs and interest income shall be allocated to each account in accordance with the established Plan rules and policies. The plan will cover sick pay benefits for all sick pay programs not exempted under Section 37.
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VACATION TRUST. Art. 25(a) It is agreed that contributions will be paid to the Western States Construction Boilermaker Vacation Trust the sum outlined in Article 14 for all straight-time hours worked, and at the applicable overtime rate for overtime hours worked by all employees covered by this Agreement.
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VACATION TRUST. Inc., a Florida corporation, in its capacity as trustee under the Club Trust Agreement and its permitted successors and assigns.
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VACATION TRUST. Art. 25 (a) It is agreed that contributions are voluntary and will be paid to the Western States Construction Boilermaker Vacation Trust the sum outlined in Article 14 for all straight-time hours worked, and at the applicable overtime rate for overtime hours worked by all employees covered by this Agreement. Contributions shall be paid to the Fund as a payroll deduction from the taxable wage. If the participant waives the right to contribute to the Fund, it shall be reflected on the dispatch at the beginning of the project and those funds shall remain on the check. (b) The Contractor agrees to and shall be bound by the Trust Agreement creating the Boilermakers Vacation Trust and all amendments now or hereafter approved by the Board of Trustees, said Agreement and amendments are incorporated by reference and made a part of this Agreement as if affixed hereto. (c) The monies specified above are hourly wages with taxes withheld at time of earning. Participating in this voluntary Fund is a payroll deduction from taxable wages and not a part of the fringe benefit package. (d) Campaign Assistance Fund Campaign Assistance Fund (CAF) deductions will be handled with employees through the Western States Construction Boilermaker Vacation Trust.
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VACATION TRUST. A. The Association and the Union agree that, during the term of this Agreement, a Vacation Trust may be established for the purpose of allowing bargaining unit members to put aside during the course of a year three dollars ($3.00) per hour of their wages to assure that funds are available for an annual vacation and/or long term savings plan. Participants in the Trust will not be required to withdraw funds each year. It is agreed that employee withdrawals from the Trust will not exceed two (2) per year for vacation purposes nor may there be more than one (1) withdrawal per year for emergency purposes. B. A Vacation Trust will be established if a majority of the bargaining unit members covered by this Agreement vote to authorize creation of the Trust. The Union will notify each Contractor in writing of a vote approving the creation of a Vacation Trust. Notice must be given to each Contractor at least thirty (30) calendar days prior to the date on which contributions are to commence. The Contractor will commence contributions on the date specified in the resolutions approving the Vacation Trust. C. The Contractor will incur no cost for either establishing the Vacation Trust or for making the vacation contribution. The Contractor contribution rate will be based on the hours worked by each employee and will be determined in the same manner as is done for pension and health and welfare contributions. The amount of the contribution will be negotiated between the Union and the Association. The hourly wage rate for each employee will be reduced by the amount of the vacation contribution to the Vacation Trust. The vacation contribution will be treated as wages for payroll tax purposes by the Contractor. D. The Vacation Trust will be established by a written Trust Agreement and shall be governed by a Board of Trustees composed of an equal number of representatives from the Union and from the Association. The same persons who serve as Trustees on the Board of Trustees for the Pension Trust shall also serve as the Trustees on the Board of Trustees for the Vacation Trust. E. In the event that a Vacation Trust is established, it is agreed that the provisions in Sections 19.1 and 19.2 shall be interpreted to include the Vacation Trust and
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Related to VACATION TRUST

  • 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.

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • VACATION AND VACATION PAY 9.01 All employees who are covered under this agreement shall receive as vacation pay in accordance with the schedule under Article 9.04, the appropriate percentage of the employee's total earnings exclusive of the Employer's contribution to the Union's Benefit Plan. 9.02 When vacations are requested by more employees than can be reasonably scheduled to be away at any one time and still carry on efficient company operations, then the choice of those employees permitted to take their vacation will be insofar as possible based on customer requirements, efficient operation of the Shop, ability of employees to perform available work and length of service of the employees. 9.03 The Employer shall post annually during January a sheet on which employees may choose their vacation period. This list shall be completed by the employees no later than May 1. Any employee failing to select vacation time by May 1 will be deemed to have forfeited their privilege based on service credit, at that time, for vacation selection purposes. The Employer shall post the final vacation schedule no later than May 31. Any request for further changes to the final schedule must be made to the Employer giving the Employer at least four (4) weeks’ notice. If a Statutory holiday (as listed under Article 10.01) falls during an employee's vacation time, the employee will have the option to take that holiday at the end of the vacation period. This will be scheduled at the time the employee schedules his vacation. 9.04 Employees shall receive vacation time if requested in accordance with the provisions outlined below. Generally, two weeks may be taken in June, July and August, but with advance notice (per Article 9.03) and as mutually agreed, more may be taken. LENGTH OF SERVICE BASED ON DATE OF HIRING (as of July 1st of the current year) Vacation Pay Vacation Time 0 – 3 Months 4% 2 weeks After 3 Months 10% 3 weeks 9.05 The above amounts of vacation pay are remitted to the Union office with the regular monthly remittance.

  • Vacation Accrual ‌ A. During the first three (3) years of employment, a full-time employee in a regular or limited-term position shall earn .0385 hours of vacation for each hour of pay during his or her regularly scheduled workweek (approximately eighty [80] hours per year). Part-time employees will earn vacation on a pro- rated basis. Such credit shall be applied to the employee's vacation accrual account only upon completion of each pay period. B. After an employee in a regular or limited-term position has been paid for six thousand two hundred forty (6240) regularly scheduled hours, the employee shall earn .0577 hours of vacation for each hour of pay during his or her regularly scheduled workweek (approximately one hundred twenty [120] hours per year), but not to exceed credit for more than eighty (80) regularly scheduled hours in any pay period. Such credit shall be applied to the employee's vacation accrual account only upon completion of each pay period. C. Commencing with the pay period following that in which the employee completed ten (10) years of continuous full-time County service (20,800 regularly scheduled hours), an employee in a regular or limited-term position shall earn .077 hours of vacation for each hour of pay during his or her regularly scheduled workweek (approximately one hundred sixty [160] hours per year), under the same terms and conditions as under subsection B., above. D. The maximum allowable vacation credit an employee may accrue at any one (1) time for employees with less than ten (10) years of continuous County service shall be two hundred forty (240) hours. The maximum allowable vacation credit an employee may accrue at any one (1) time for employees with ten (10) or more years of continuous County service (20,800 regularly scheduled hours) shall be three hundred twenty (320) hours. An employee who has accrued the maximum allowable vacation credit will not accrue additional credit until the employee’s vacation credit drops below the maximum allowed.