Common use of Work Preservation Fund Clause in Contracts

Work Preservation Fund. For reasons of traditional policy as well as law, Employee Agencies have maintained a policy of financial independence and there is no intention of the parties to devote any of the Work Preservation Fund contributions provided for herein, to the operation of any of the Employee Agencies or any of their Representatives. (a) There has been created a separate and independent entity, the Work Preservation Fund, Inc., organized pursuant to the laws of the State of California, as a non- profit California Corporation. The purposes for which this corporation is formed, are to help to achieve and maintain maximum employment and good workmanship in the painting, decorating, and drywall industries by seeking to expand the work and jobs available to employers and employees, and to help promote the advancement and preservation of the painting, decorating and drywall industries. (b) The purposes stated above are achieved through the establishment of the Work Preservation Fund, Inc. as a Labor-Management Cooperation Committee under the authority of the Labor-Management Cooperation Act of 1978, U.S.C. Section 175 (a) and 29, U.S.C. Section 186 (c)(9). (c) The affairs of the Corporation are governed by a Board of Directors representing both labor and management elected by a majority vote of the Board of Directors of the Work Preservation Fund, Inc. (d) Pursuant to and under the terms of this Agreement, the Bay Area Painters and Tapers Trust Fund office shall collect such contributions for the Work Preservation Fund and shall thereafter each month, forward said monies to the Work Preservation Fund, a California non-profit corporation. (e) Appropriate records shall be kept and maintained by both the Trust Funds and the Work Preservation Fund as to the collection, transmittal and amounts of funds collected on forms to be provided exclusive by the Trust Funds. (f) The signatory hereto and all employers becoming bound, hereby designate and appoint the present Directors and their duly selected successors as their representatives on such Trust Funds. (g) The parties to this Agreement may, by mutual consent discontinue this fund at any time or as renegotiated and in that event the hourly contributions will be added to the hourly wage rate.

Work Preservation Fund. For reasons of traditional policy as well as law, Employee Em- ployee Agencies have maintained a policy of financial independence and there is no intention of the parties to devote any of the Work Preservation Fund contributions provided for herein, to the operation of any of the Employee Em- ployee Agencies or any of their Representatives. (a) There has been created a separate and independent entity, the Work Preservation Fund, Inc., organized pursuant pur- suant to the laws of the State of California, as a non- profit non-prof- it California Corporation. The purposes for which this corporation is formed, are to help to achieve and maintain main- tain maximum employment and good workmanship in the painting, decorating, and drywall industries by seeking seek- ing to expand the work and jobs available to employers and employees, and to help promote the advancement and preservation of the painting, decorating and drywall industries. (b) The purposes stated above are achieved through the establishment of the Work Preservation Fund, Inc. as a Labor-Management Cooperation Committee under the authority of the Labor-Management Cooperation Act of 1978, U.S.C. Section 175 (a) and 29, U.S.C. Section 186 (c)(9). (c) The affairs of the Corporation are governed by a Board of Directors representing both labor and management manage- ment elected by a majority vote of the Board of Directors of the Work Preservation Fund, Inc. (d) Pursuant to and under the terms of this Agreement, the Bay Area Painters and Tapers Trust Fund office shall collect such contributions for the Work Preservation Preserva- tion Fund and shall thereafter each month, forward said monies to the Work Preservation Fund, a California non-non- profit corporation. (e) Appropriate records shall be kept and maintained by both the Trust Funds and the Work Preservation Fund as to the collection, transmittal and amounts of funds collected col- lected on forms to be provided exclusive by the Trust Funds. (f) The signatory hereto and all employers becoming bound, hereby designate and appoint the present Directors Direc- tors and their duly selected successors as their representatives represen- tatives on such Trust Funds. (g) The parties to this Agreement may, by mutual consent con- sent discontinue this fund at any time or as renegotiated and in that event the hourly contributions will be added to the hourly wage rate.

Work Preservation Fund. For reasons of traditional policy as well as law, Employee Agencies have maintained a policy of financial independence and there is no intention of the parties to devote any of the Work Preservation Fund contributions provided for herein, to the operation of any of the Employee Agencies or any of their Representatives. (a) . There has been created a separate and independent entity, the Work Preservation Fund, Inc., organized pursuant to the laws of the State of California, as a non- non-profit California Corporation. The purposes for which this corporation is formed, are to help to achieve and maintain maximum employment and good workmanship in the painting, decorating, and drywall industries by seeking to expand the work and jobs available to employers and employees, and to help promote the advancement and preservation of the painting, decorating and drywall industries. (b) . The purposes stated above are achieved through the establishment of the Work Preservation Fund, Inc. as a Labor-Management Cooperation Committee under the authority of the Labor-Labor- Management Cooperation Act of 1978, U.S.C. Section 175 (a) and 29, U.S.C. Section 186 (c)(9). (c) . The affairs of the Corporation are governed by a Board of Directors representing both labor and management elected by a majority vote of the Board of Directors of the Work Preservation Fund, Inc. (d) Inc. Pursuant to and under the terms of this Agreement, the Bay Area Painters and Tapers Trust Fund office shall collect such contributions for the Work Preservation Fund and shall thereafter each month, forward said monies to the Work Preservation Fund, a California non-profit corporation. (e) . Appropriate records shall be kept and maintained by both both, the Bay Area Painters and Tapers Trust Funds and the Work Preservation Fund as to the collection, transmittal and amounts of funds collected on forms to be provided exclusive by the Trust Funds. (f) . The signatory hereto and all employers becoming bound, hereby designate and appoint the present Directors and their duly selected successors as their representatives on such Trust Funds. (g) . The parties to this Agreement may, by mutual consent discontinue this fund at any time or as renegotiated and in that event the hourly contributions will be added to the hourly wage rate.