Common use of Pension and Health Plans Clause in Contracts

Pension and Health Plans. 3-101 EMPLOYER PENSION CONTRIBUTIONS The Producer agrees to become and remain a party to the Directors Guild of America-Producer Pension Plan (herein called the "Pension Plan"), and the Producer shall contribute to the Pension Plan with respect to each employment of a Director, UPM or AD an amount equal to five and one-half percent (5-1/2%) of their base salary amounts as defined in Article 3-104 (A-D) below. Each such Director, UPM or AD shall likewise pay into said Pension Plan an amount equal to two and one-half percent (2-1/2%) of such base salary, as computed below for the Producer's contributions, and such amount shall be deducted by the Producer from the salary of such Director, UPM or AD and paid directly to the Pension Plan on behalf of such Director, UPM or AD.

Appears in 3 contracts

Samples: Agreement, National Commercial Agreement, dga.org

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Pension and Health Plans. 3-101 EMPLOYER PENSION CONTRIBUTIONS The Producer agrees to become and remain a party to the Directors Guild of America-Producer Producers Pension Plan (herein called the "Pension Plan"), and the Producer shall contribute to the Pension Plan with respect to each employment of a Director, UPM or AD an amount equal to five and one-half percent (5-1/2%) of their base salary amounts as defined in Article 3-104 (A-D) below. Each such Director, UPM or AD shall likewise pay into said Pension Plan an amount equal to two and one-half percent (2-1/2%) of such base salary, as computed below for the Producer's contributions, and such amount shall be deducted by the Producer from the salary of such Director, UPM or AD and paid directly to the Pension Plan on behalf of such Director, UPM or AD.

Appears in 2 contracts

Samples: Agreement, Agreement

Pension and Health Plans. 3-101 EMPLOYER PENSION CONTRIBUTIONS The Producer agrees to become and remain a party to the Directors Guild of America-Producer Pension Plan (herein called the "Pension Plan"), and the Producer shall contribute to the Pension Plan with respect to each employment of a Director, UPM or AD an amount equal to five and one-half six percent (5-1/26%) of their base salary amounts as defined in Article 3-104 (A-D) below. .* Each such Director, UPM or AD shall likewise pay into said Pension Plan an amount equal to two and one-half percent (2-1/2%) of such base salary, as computed below for the Producer's contributions, and such amount shall be deducted by the Producer from the salary of such Director, UPM or AD and paid directly to the Pension Plan on behalf of such Director, UPM or AD.

Appears in 2 contracts

Samples: National Commercial Agreement, www.aicp.com

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Pension and Health Plans. 3-101 EMPLOYER PENSION CONTRIBUTIONS The Producer agrees to become and remain a party to the Directors Guild of America-Producer Pension Plan (herein called the "Pension Plan"), and the Producer shall contribute to the Pension Plan with respect to each employment of a Director, UPM or AD an amount equal to five eight and one-half percent (5-1/28.5%) of their base salary amounts as defined in Article 3-104 (A-D) below. , effective December 31, 2021.* Each such Director, UPM or AD shall likewise pay into said Pension Plan an amount equal to two and one-half percent (2-1/2%) of such base salary, as computed below for the Producer's contributions, and such amount shall be deducted by the Producer from the salary of such Director, UPM or AD and paid directly to the Pension Plan on behalf of such Director, UPM or AD.

Appears in 1 contract

Samples: National Commercial Agreement

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