National Electrical Benefit Fund definition

National Electrical Benefit Fund refers to a fund established between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers to provide pensions to Employees represented by the International Brotherhood of Electrical Workers.
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National Electrical Benefit Fund. It is agreed that in accord with the Employees Benefit Agreement of the National Electrical Benefit Fund (NEBF), as entered into between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers on September 3, 1946, as amended, and now delineated as the Restated Employees Benefit Agreement and Trust, that unless authorized otherwise by the NEBF the individual employer will forward monthly to the appropriate local collection agent an amount equal to 3% of the gross monthly labor payroll paid to, or accrued by, the employees in this bargaining unit, and a completed payroll report prescribed by the NEBF. The payment shall be made by check or draft and shall constitute a debt due and owing to the NEBF on the last day of each calendar month, which may be recovered by suit initiated by the NEBF or its assignee. The payment and the payroll report shall be mailed to reach the office of the appropriate local collection agent not later than 15 calendar days following the end of each calendar month. The individual employer hereby accepts, and agrees to be bound by, the Restated Employees Benefit Agreement and Trust. An individual employer who fails to remit as provided above shall be additionally subject to having his agreement terminated upon 72 hours notice in writing being served by the union, provided the individual employer fails to show satisfactory proof that the required payments have been paid to the appropriate local collection agent. The failure of an individual employer to comply with the applicable provisions of the Restated Employees Benefit Agreement and Trust shall also constitute a breach of this agreement. (The employer’s contribution to the NEBF shall be sent to the appropriate local collection agent in accordance with the compensation procedures in Section 4.06.)
Sample 1
National Electrical Benefit Fund as a Lender (type name of the legal entity) By: Crescent Capital Group LP, its adviser By: Name: Xxxx Xxxxxxxxx Title: Vice President If a second signature is necessary: By: Name: Xxxxxxx Xxxxx Title: Vice President
Sample 1

Examples of National Electrical Benefit Fund in a sentence

  • Regular payments to the National Electrical Benefit Fund as herein provided must also be made.

  • The employer shall contribute to the local health and welfare plans and to the National Electrical Benefit Fund (NEBF) on behalf of all apprentices and unindentured.

  • The employer shall contribute to the local health and welfare plans and to the National Electrical Benefit Fund (NEBF) on behalf of all apprentices.

  • The Employer shall contribute to the local Health and Welfare Plans and to the National Electrical Benefit Fund (NEBF) on behalf of all apprentices.

  • Each “Tier One” employee (those employees hired before January 1, 2019) will be enrolled in the National Electrical Benefit Fund to which the Town will pay 3% of total annual wages (including overtime).

  • SECTION 12.01 Employer shall contribute to the Health and Welfare Fund, Pension Fund, Annuity Fund, Apprenticeship Training Fund, National Electrical Benefit Fund, and any Fund established by Union and Employer pursuant to Section 302 ( c) ( 5) of the Labor -Management Relations Act.

  • The penal sum for contributions payable to the National Electrical Benefit Fund shall be $3,000.

  • The employer shall contribute to the local Health and Welfare Plans and to the National Electrical Benefit Fund (NEBF) on behalf of all apprentices.

  • It is agreed that in order to properly administer the Industry Fund and the National Electrical Benefit Fund, that copies of all “Letter of Assent” will be forwarded when requested to the Trustee(s) of the Funds.

  • The Employer agrees to and shall furnish a surety bond in the amount of $15,000.00 to assure payments to the following funds as required by the Agreement: Health and Welfare Fund, Vacation Fund, Educational Trust Fund, Pension Fund, National Electrical Benefit Fund, and the National Electrical Industry Fund.

Related to National Electrical Benefit Fund

  • Retirement fund means the "Washington law enforcement

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

  • Health benefits plan means a benefits plan which pays or

  • Statewide popular election means a general election in which

  • 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.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Pharmacy benefit manager means a person, business or other

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Societal benefits charge means a charge imposed by an electric

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Statewide special election means a special election called by the governor or the

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.