Benefit Plan Trust definition

Benefit Plan Trust means any trust established by the Company under which Eligible Directors, or Eligible Directors and participants in designated employee benefit plans of the Company, constitute the principal beneficiaries.
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Examples of Benefit Plan Trust in a sentence

  • The parties agree that the Benefit Plan Trust and Pension Trust Fund is an integral part of this agreement and forms part of this Agreement, and any employer may, upon request, receive copies of the Declaration of Trust from the Unions.

  • The Union and the Association acknowledge and agree that contributions made under Article 28.02 shall not become the property of the International Union of Painters and Allied Trades Province of Ontario Benefit Plan Trust and that the Trustees of the International Union of Painters and Allied Trades Province of Ontario Benefit Plan Trust are not in any way whatsoever responsible for the collection or administration of such contributions.

  • Clause "l" under the General Powers of Trustees in the current Trust Agreement for the International Brotherhood of Painters and Allied Trades, Province of Ontario Benefit Plan Trust authorizing examination of an Employers financial records shall be inoperative unless a similar Clause is negotiated into this Collective Agreement.

  • Clause "l" under the General Powers of Trustees in the current Trust Agreement for the International Union of Painters and Allied Trades, Province of Ontario Benefit Plan Trust authorizing examination of an Employers financial records shall be inoperative unless a similar Clause is negotiated into this Collective Agreement.

  • Such Fund is to be administered in accordance with the Local 11 Benefit Plan Trust Agreement by an equal number of Employer and Employee Trustees.

  • All contributions shall be contributed to one Trust Fund called the International Union of Painters and Allied Trades, Province of Ontario Benefit Plan Trust, subject to the following terms and conditions: Trustees representing a particular class of beneficiary (i.e. Glaziers) may exercise a veto over any motion made by the Board of Trustees which is deemed to adversely affect that particular class of beneficiary (i.e. Glaziers).

  • Each Employer shall remit contributions on behalf of his employees into the Millwright Benefit Plan Trust Funds by the 15th day of the month, following the month in which the hours were earned to the Administrator.

  • This amount to cover the Ontario Government Bill This Fund will be reviewed on an annual basis to en- sure that the funds are sufficient in order to comply with ▇▇▇▇ Such contributions shall be remitted in accordance with the method of payment outlined in Article Eighteen This Fund shall be administered by the Board of Trustees for the Millwright Benefit Plan Trust Funds.

  • SIGNE D THIS FOR THE ASSOCIATION FOR THE UNION “Similarity of Benefits” provision in Declaration of Trust of the International Brotherhood of Painters and Allied Trades, Province of Ontario Benefit Plan Trust Fund will have no material affect on Benefits provided ▇▇▇▇▇▇▇ Beneficiaries.

  • For accounting purposes the trust fund established under the Employee Benefit Plan Trust Agreement between CE Franklin and Computershare Trust Company of Canada dated December 21, 2006 is considered to be a subsidiary of CE Franklin.