VACATION TRUST Sample Clauses

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. 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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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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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; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.

  • 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 ten percent (10%) of the employee's total earnings exclusive of each Employer's contribution to the Union's Benefit Plan. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay. 9.02 Vacation periods shall be arranged by mutual agreement between each Employer and each employee. Employees shall be granted their vacation periods as requested insofar as it is practicable and in accordance with years of employment, unless an Employer decides to grant all vacations at one time, in which case that Employer shall give the employees at least six (6) weeks advance notice. 9.03 Each Employer agrees to remit the Vacation Pay of each employee as agreed upon in Article 9.01 of this Agreement and in accordance with the regulation set by the Employment Standards Branch, Ministry of Labour, monthly before, but not later than the fifteenth of the following month to the Union using a separate cheque marked "Vacation Pay", accompanied by a list on which all deductions and contributions as mentioned in Articles 6.01, 12.02, 17.01, 18.01 and Schedule "A" are recorded. 9.04 In accordance with the agreement with the Employment Standards Branch, Ministry of Labour, the Board of Trustees of the Union's Vacation Pay Trust Fund, is obligated to take any steps which may be available to them either in law or in equity or in bankruptcy as may be necessary or desirable to effect collection from delinquent Employers. All costs incurred in the collection of said payment will be charged to such defaulting Employer. 9.05 Each Employer agrees to give the auditor of the Union's Trust Fund the privilege to examine that Employer's records concerning hours and monies forwarded to the Union, if and when the auditor so desires. Any date for such an examination will be pre-arranged in writing between the auditor, that Employer and the Union.

  • 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.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Vacation Entitlement i) A transferring employee will accrue vacation in accordance with the collective agreement of the designated employer. ii) A transferring employee will have pre-approved vacation requests honoured. iii) Vacation entitlement not used by the employee at the time of transfer shall transfer with the employee to the designated employer, if applicable. iv) Vacation scheduling will be in accordance with the applicable collective agreement and the practice of the designated employer.

  • Vacation and Benefits The Executive is entitled to four (4) weeks of vacation, which will accrue on a pro-rata basis during the employment year, in addition to all public holidays when the office is closed. Executive will be eligible to participate in all employee benefit plans established by the Company for its employees from time to time, subject to general eligibility and participation provisions set forth in such plans. In accordance with Company policies from time to time and subject to proper documentation, the Company will reimburse you for all reasonable and proper travel and business expenses incurred by you in the performance of your duties.

  • Vacation Leave 11.1 Employees will retain and carry forward any eligible and unused vacation leave that was accrued prior to the effective date of this Agreement.

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