Welfare Trust definition

Welfare Trust has the meaning set forth in Section 7.11(e).
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Welfare Trust means the San Francisco Electrical Workers Health and Welfare Trust.
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Welfare Trust means the Nava Bharat Ventures Employee Welfare Trust for the benefit of its employees being managed by Barclays Wealth Trustees (India) Private Limited acting in the capacity of trustees;
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Examples of Welfare Trust in a sentence

  • It is understood and intended by the parties to this Agreement that the purpose of this clause is to establish an Employer financed Health and Welfare Trust and that contributions thereto shall not be deemed to be wages to which any employee shall have any right other than the right to have such contributions paid over to the Trust fund in accordance herewith.

  • The Welfare Trust Fund shall be administered in accordance with all provisions of applicable law.

  • This payment, in-lieu of contributions to the Insurance Plan administered by the CLAC Health and Welfare Trust Fund, will not be less than the contributions that would have been made on behalf of the employee if he/she were still eligible for the Insurance Plan.

  • Such amounts shall be used by the Health and Welfare Trust to improve benefits.

  • The current practice for surpluses generated by the Health and Welfare Trust is for both parties to take a contribution holiday.

  • It is agreed that the Union may use employee surpluses or increased employee contributions to improve benefits provided by the Health and Welfare Trust.

  • The amount of the assessments on delinquent payroll deduction remittances shall be the same as is established by the Trustees of the District Council 16 Northern California Health & Welfare Trust Fund.

  • The existing Health and Welfare Trust Fund known as the Southern California Drug Benefit Fund (hereinafter “Benefit Fund”) shall be continued as modified herein.

  • CODE 5 Time off for Union Health and Welfare Trustees to be charged to Health and Welfare Trust.

  • The consequences of any and all delinquent remittance of these deductions and/or contributions shall be the same as those provided by the Trust Agreements of the District Council 16 Northern California Health & Welfare Trust Fund.