Common use of INDUSTRY ADVANCEMENT FUND Clause in Contracts

INDUSTRY ADVANCEMENT FUND. (A) Each Employer covered by this Agreement shall pay to the Industry Advancement Fund at the rate specified in ARTICLE V for each hour paid by the Employer to the employees within the bargaining unit. Payment shall be made with such instructions and on such forms as are furnished by the Association. Delinquent contributions shall be subject to such penalties or assessments as the Directors may prescribe from time to time. If payments are not made as stated herein, it shall constitute a status of delinquency and a violation of this Agreement.

INDUSTRY ADVANCEMENT FUND. (A) Each Employer covered by this Agreement shall pay to the Industry Advancement Fund at the rate specified in ARTICLE V IV for each hour paid by the Employer to the employees within the bargaining unit. Payment shall be made with such instructions and on such forms as are furnished by the Association. Delinquent contributions shall be subject to such penalties or assessments as the Directors may prescribe from time to time. If payments are not made as stated herein, it shall constitute a status of delinquency and a violation of this Agreement.