Common use of Work Preservation Fund Clause in Contracts

Work Preservation Fund. There has been created a separate and independent entity, the Work Preservation Fund organized pursuant to the laws of the State of California, as a non- profit California Corporation. The purposes for which this corporation is formed are to expand the work and job opportunities available to signatory Employers and employees, and to advance and preserve the industry by promoting high standards and fair competition. These purposes are consistent with those established under the authority of the Labor Management Cooperation Act of 1978, USC Section 175(a) and 29 USC Section 186(c)(9). The affairs of the Work Preservation Fund are governed by a Board of Directors comprised of equal members representing labor and management. (a) The Employer shall be obligated to pay the Work Preservation Fund eight cents ($0.08) on each employee covered under this Agreement for each hour worked. Pursuant to and under the terms of this Agreement, the Trust Funds Administrator shall collect such contributions for the Work Preservation Fund and shall thereafter each month forward said monies to the Work Preservation Fund.

Work Preservation Fund. There has been created a separate and independent entity, the Work Preservation Fund organized pursuant to the laws of the State of California, as a non- profit California Corporation. The purposes for which this corporation is formed are to expand the work and job opportunities available to signatory Employers employers and employees, and to advance and preserve the industry by promoting high standards and fair competition. These purposes are consistent with those established under the authority of the Labor Management Cooperation Act of 1978, USC Section 175(a) and 29 USC Section 186(c)(9). The affairs of the Work Preservation Fund are governed by a Board of Directors comprised of equal members representing labor and management. (a) The Employer shall be obligated to pay the Work Preservation Fund eight cents ($0.08) on each employee covered under this Agreement for each hour worked. Pursuant to and under the terms of this Agreement, the Trust Funds Administrator shall collect such contributions for the Work Preservation Fund and shall thereafter each month forward said monies to the Work Preservation Fund.