Employee welfare fund definition

Employee welfare fund means a fund:
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Employee welfare fund means a fund established or maintained by one or more
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Employee welfare fund means a fund established or maintained by one or more employers, one or more labor organizations, or a combination of employers and labor organizations, whether directly or through trustees. This fund is to provide employee benefits paid or contracted to be paid, other than income from investments of the fund, by or on behalf of an employer doing business in this state or for the benefit of any person employed in this state. It includes plans funded or subsidized by user fees or tax revenues.
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Examples of Employee welfare fund in a sentence

  • The Bank schemes such as Employee welfare fund to support families of deceased employees, Top up option under Group Mediclaim schemes, economic assistance to affected employees, etc.

  • Employee welfare fund Employers, who as of January 1 of any given year employ at least 20 employees, shall be obliged to establish an employee welfare fund.


More Definitions of Employee welfare fund

Employee welfare fund means any trust fund or other fund established or maintained jointly by one or more employers together with one or more labor organizations, solely by any employer or labor organization or jointly by employers or jointly by labor organizations, whether directly or through trustees, to provide employee benefits, by the purchase of insurance or annu- ity contracts or otherwise, and to which is paid or contracted to be paid anything, other than income from investments of such fund, by or on behalf of any employer doing business in this state or for the benefit of any persons employed in this state.
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Employee welfare fund or "fund" means any trust fund or other
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Related to Employee welfare fund

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Employee Program means (A) all employee benefit plans within the meaning of ERISA Section 3(3), including, but not limited to, multiple employer welfare arrangements (within the meaning of ERISA Section 3(40)), plans to which more than one unaffiliated employer contributes and employee benefit plans (such as foreign or excess benefit plans) which are not subject to ERISA; and (B) all stock option plans, bonus or incentive award plans, severance pay policies or agreements, deferred compensation agreements, supplemental income arrangements, vacation plans, and all other employee benefit plans, agreements, and arrangements not described in (A) above. In the case of an Employee Program funded through an organization described in Code Section 501(c)(9), each reference to such Employee Program shall include a reference to such organization;

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).