Common use of Health, Wellbeing, and Hardship Fund Clause in Contracts

Health, Wellbeing, and Hardship Fund. The Employer shall pay the Union the sum of 2% of the Component I payroll, in each year of the Collective Agreement. The Employer shall schedule this payment on March 01 of each year, to be paid by March 15 of each year. The Union will apply these monies to the health care or personal financial hardship of Component 1 members. To determine the amount of money owing to the Union, the Employer shall calculate the payroll utilizing the 12-month period of March 01 to the last day of February preceding March 01 of each year.

Health, Wellbeing, and Hardship Fund. ‌ The Employer shall pay the Union the sum of 2% of the Component I payroll, in each year of the Collective Agreement. The Employer shall schedule this payment on March 01 of each year, to be paid by March 15 of each year. The Union will apply these monies to the health care or personal financial hardship of Component 1 members. To determine the amount of money owing to the Union, the Employer shall calculate the payroll utilizing the 12-month period of March 01 to the last day of February preceding March 01 of each year.