Common use of Contribution Rate Clause in Contracts

Contribution Rate. The month for which the contribution is due is referred to as the "benefit month" and the month prior to the benefit month is referred to as the "wage month." The Employer shall contribute to the Pension Trust each and every benefit month a sum of money equal to $1.20 per hour for each hour worked by all Covered Employees during the wage month. Effective April 30, 2001, the contribution shall increase to $1.25 per hour. Effective April 29, 2002, the contribution shall increase to $1.30 per hour.

Appears in 1 contract

Sources: Employment Agreement (Rock of Ages Corp)

Contribution Rate. The month for which the contribution is due is referred to as the "benefit month," and the month prior to the benefit month is referred to as the "wage month." The Employer shall contribute to the Pension Trust each and every benefit month a sum of money equal to $1.20 1.70 per hour for each hour worked by all Covered Employees during the wage month. Effective April 30, 2001, the The pension contribution shall increase by $.05 in year two of the contract to a total contribution of $1.25 per hour. Effective April 29, 2002, the contribution shall increase to $1.30 1.75 per hour.

Appears in 1 contract

Sources: Manufacturing Agreement (Rock of Ages Corp)

Contribution Rate. The month for which the contribution is due is referred to as the "benefit month," and the month prior to the benefit month is referred to as the "wage month." The Employer shall contribute to the Pension Trust each and every benefit month a sum of money equal to $1.20 per hour for each hour worked by all Covered Employees during the wage month. Effective April 3028, 2001, the contribution shall increase to $1.25 per hour. Effective April 2927, 2002, the contribution shall increase to $1.30 per hour.

Appears in 1 contract

Sources: Employment Agreement (Rock of Ages Corp)

Contribution Rate. The month for which the contribution is due is referred to as the "benefit month" and the month prior to the benefit month is referred to as the "wage month." The Effective May 3rd, 2009, the Employer shall contribute to the Pension Trust each and every benefit month a sum of money equal to $1.20 1.70 per hour for each hour worked by all Covered Employees during the wage month. Effective April 30May 2, 20012010, the contribution shall increase to $1.25 per hour. Effective April 29, 2002, the contribution shall increase to $1.30 1.75 per hour.

Appears in 1 contract

Sources: Collective Bargaining Agreement (Rock of Ages Corp)

Contribution Rate. The month for which the contribution is due is referred to as the "benefit month," and the month prior to the benefit month is referred to as the "wage month." The Employer shall contribute to the Pension Trust each and every benefit month a sum of money equal to $1.20 1.35 per hour for each hour worked by all Covered Employees during the wage month. Effective April 3026, 20012004, the contribution shall increase to $1.25 1.40 per hour. Effective April 2925, 20022005, the contribution shall increase to $1.30 1.45 per hour.

Appears in 1 contract

Sources: Assignment (Rock of Ages Corp)

Contribution Rate. The month for which the contribution is due is referred to as the "benefit month" and the month prior to the benefit month is referred to as the "wage month." The Employer shall contribute to the Pension Trust each and every benefit month a sum of money equal to $1.20 1.35 per hour for each hour worked by all Covered Employees during the wage month. Effective April 3026, 20012004, the contribution shall increase to $1.25 1.40 per hour. Effective April 2925, 20022005, the contribution shall increase to $1.30 1.45 per hour.

Appears in 1 contract

Sources: Collective Bargaining Agreement (Rock of Ages Corp)

Contribution Rate. The month for which the contribution is due is referred to as the "benefit month" and the month prior to the benefit month is referred to as the "wage month." The Employer shall contribute to the Pension Trust each and every benefit month a sum of money equal to $1.20 1.55 per hour for each hour worked by all Covered Employees during the wage month. Effective April 30, 20012007, the contribution shall increase to $1.25 1.60 per hour. Effective April 2928, 20022008, the contribution shall increase to $1.30 1.65 per hour.

Appears in 1 contract

Sources: Collective Bargaining Agreement (Rock of Ages Corp)