Industry Contribution Clause Samples
The Industry Contribution clause defines the obligations of a party to provide financial or other resources to support a specific industry initiative or collective effort. Typically, this clause outlines the amount, timing, and method of contribution, and may specify whether the contribution is monetary, in-kind, or a combination of both. Its core practical function is to ensure that all relevant parties share the costs or resources necessary for industry-wide projects, promoting fairness and collaboration while preventing free-riding.
Industry Contribution. Effective May 12, 2013, each Employer shall contribute to the Millwright Regional Council of Ontario Benefit Trust Fund for the Association Industry Fund, to be distributed by the Board of Trustees to the Association, twenty cents ($0.20) per hour for each hour earned by each Employee; forty cents ($0.40) per hour shall be contributed for all overtime hours. Costs of DeNovo/Secretariat are included.
Industry Contribution. Remove the options that are not applicable: Option 1 (Program Cost Model) INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 [Full cost] plus GST. AMSI to raise this invoice within five working days of this agreement being executed. Option 2 (Up-front External Funding model) Program cost total is $XX,000 plus GST INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST. AMSI to raise this invoice within five working days of this agreement being executed. External Funding Partner INSERT FUNDING PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST. AMSI to raise this invoice within five working days of this agreement being executed. Option 3 (Program cost – instalment model) Program cost total is $XX,000 plus GST. To be paid in two instalments as follows: Instalment One – Payable prior to Start date INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST (Amount 50% of total cost of internship – to be deleted). AMSI to raise this invoice within five Item Details working days of this agreement been executed. INSERT INDUSTRY PARTNER’S NAME to pay invoice prior to the start date of this internship. Instalment Two - Midpoint INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST (Remaining 50% of total cost of internship – to be deleted). AMSI to raise this invoice ENTER NUMBER FROM 2 to 3 months from the Start Date.
Industry Contribution. Effective May 16, 2010, each Employer shall contribute to the Millwright Regional Council of Ontario Benefit Trust Fund for the Association Industry Fund, to be distributed by the Board of Trustees to the Association, fifteen cents ($0.15) per hour for each hour earned by each Employee; thirty cents ($0.30) per hour shall be contributed for all overtime hours. Effective September 5, 2010, each Employer shall contribute twenty cents ($0.20) per hour for each hour earned by each Employee; fourty cents ($0.40) per hour shall be contributed for all overtime hours. Costs of DeNovo/Secretariat are included.
Industry Contribution. Effective May 10, 2022, each Employer shall contribute to the Millwright Trust Funds for the Association Industry Fund, to be distributed by the Board of Trustees to the Association, twenty-three cents ($0.23) per hour for each hour earned by each Employee; forty-six cents ($0.46) per hour shall be contributed for all overtime hours. Costs of DeNovo/Secretariat are included.
Industry Contribution. Effective August 10, 1998, each Employer shall contribute to the Millwright Benefit Trust Funds for the Association Industry Fund, twelve cents per hour for each hour earned by each Employee; twenty-four cents per hour shall be contributed for all overtime hours. Cost of De Novo/ Secretariat are in- cluded.