Common use of Benefit Plan Clause in Contracts

Benefit Plan. The parties hereto agree on a Benefit Plan as follows: 21.01 The Trust Document under which the fund is controlled shall provide for Trustees equal in number and in power appointed by each of the Parties hereto. Management Trustees shall be active in the contracting aspect of the trade, with a company that employs members of Local 116 and is bound to both Accreditation Orders. 21.02 The employer shall make contributions as set out in Article 20.01 per hour for each hour paid. 21.03 The Benefit Plan shall be professionally administered. 21.04 Each employer shall sign a participation agreement as approved by the Trustees. 21.05 It is agreed that provisions for an increase in the Benefit Plan will be implemented if so desired by the Local, with the employer contribution to be deducted from the wage rates contained herein, provided the employer receives sixty (60) days notice of such change. 21.06 Neither the Union nor the CLRA shall incur any legal liability with regard to claims arising from the Benefit Plan.