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Pay Fund definition

Pay Fund means a total of One Million Dollars
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Pay Fund means a total of One Million Dollars ($1,000,000), which sum shall include Employer Payroll Taxes, allocated for the settlement of pay claims.
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Examples of Pay Fund in a sentence

  • Each employee shall be paid Leave Pay monies equal to the amount deposited into the Leave Pay Fund in respect of him during the year ending on the last pay week of September each year.

  • All working employers shall observe the provisions of this Agreement in respect of hours of work, payment of Leave Pay Fund contributions and payment of Holiday Bonus Fund contributions at the prescribed foremen’s rate of pay, payment of Provident Fund contributions, additional Provident Fund contributions, payment of Council levies and payment of wages for public holidays.

  • Each employee shall be paid Leave Pay moneys equal to the amount deposited into the Leave Pay Fund in respect of him during the year ending on the last pay week of September each year.

  • An Exemption Fee, as referred to in clause 11 of Chapter 1, shall be charged to establishments to whom exemptions have been granted in respect of Leave Pay Fund and Holiday Bonus Fund contributions payable to the Council.

  • The parties hereto agree to execute any and all necessary documentation that may be necessary to facilitate the appointment of one (1) Trustee on behalf of the Association to the said Vacation with Pay Fund.

  • All payments from the Leave Pay Fund shall be by cheque drawn on the Fund’s account and such cheques shall be signed by three persons duly authorised by the Council.

  • The parties hereto acknowledge that they are familiar with the contents of the Agreement and Declaration of Trust establishing the said Local Members' Holiday and Vacation Pay Fund and they agree to be bound by the terms and conditions of the said Agreement and Declaration as if original parties thereto, and as if the same formed part of this Collective Agreement.

  • Effective in each year of the contract, there shall be a Merit Pay Fund equal to 0.25% of the total salary base of bargaining unit members prior to the contract year.

  • Such payment made to the employee concerned shall be recoverable from the Metal and Engineering Industries Sick Pay Fund by the employer”.

  • The interest earned by the investment of monies paid into the Vacation and Statutory Holiday Pay Fund shall first be applied against the administration costs of the Vacation and Statutory Holiday Pay Fund.

Related to Pay Fund

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Same Day Funds means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency.

Most Referenced Clauses

Most Referenced Definitions

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