Benevolent Fund definition
Examples of Benevolent Fund in a sentence
The Employer shall deduct and forward five cents ($0.05) per hour for each hour of compensation of each employee within the bargaining unit to the IBEW Hardship and Benevolent Fund (IHBF).
The EMPLOYER shall deduct the sum covering the Vacation Fund, $2.00 per hour, and $.30 per hour P.A.C. Fund, $.03 per hour for the Benevolent Fund, $.07 per hour for the Organizing Fund (D.O.C.), $1.41 per hour for the Drywall Finisher Target Fund and $.10 per hour for the DC # 21 Scholarship Fund from the net weekly pay (i.e.; after taxes) and make a notation of such deduction on the EMPLOYEE’S pay envelope or check stubs.
Providing union dues are deducted and remitted to the union, an Employer may engage a probationary Employee [as defined in Clause 9.03(e)] for a period of 30 days without the requirement of: payment of H&W, or Benevolent Fund contributions.
Such monies are to be held in trust by the Secretary-Treasurer of the Benevolent Fund until forwarded in turn to the Training Fund in accordance with arrangements made between the Secretary-Treasurer of the Benevolent/Promotional Fund and the Trustees of the Training Fund.
The Municipality shall deduct and forward five cents ($0.05) per hour for each hour of compensation of each employee within the bargaining unit to the IBEW Hardship and Benevolent Fund (IHBF).