Payment of Contributions. The College and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.
Payment of Contributions. Payment of contributions by the Employer required to be made to one or more of the Trusts established under this Article 15 shall be made on or before the twentieth (20th) day of each month based upon hours worked exclusive of overtime hours during the preceding calendar month by each employee covered by this collective bargaining Agreement. Such payments shall be accompanied by a list of the names of the employees for whom such contribution is made, showing the number of hours worked, exclusive of overtime hours, by each such employee during the preceding calendar month. Time during vacation periods, sick leave, jury duty and holiday absences which is paid for as provided under this collective bargaining Agreement herein referred to and all work performed on Sundays and holidays, exclusive of daily or weekly overtime, shall be considered as time worked to which the provisions of this Article shall apply. The Trustees have the authority to adopt and maintain reasonable rules regarding the acceptance of contributions in connection with the resolution of grievances. It is understood that the contributions required on behalf of any employee shall not exceed forty (40) straight-time hours per week or two thousand eighty (2,080) straight-time hours per year. Contributions shall not be made for payments made on the basis of industry experience as set forth in Article 8-D and unused sick leave paid in accordance with Article 10-E. The Employer, by payment of the amounts provided for in this Article, shall be relieved of any further liability and shall not be required to make any further contributions to the cost of benefits, either in connection with the administration of the plans or otherwise. The parties recognize and acknowledge that regular and prompt filing of accurate Employer reports and the regular and prompt payment of correct Employer contributions to the Trusts is essential to the proper management of the Funds, and that it would be extremely difficult, if not impossible, to fix the actual expense and damage to the Trusts which would result from the failure of an individual Employer to make accurate reports and to pay such accurate monthly contributions in full within the time specified above. Therefore, the amount of damage to the Trusts resulting from failure to file accurate reports or pay accurate contributions within the time specified shall be presumed to be the sum of fifteen dollars ($15.00) or ten percent (10%) of the amount of the contributi...
Payment of Contributions. Payment of contributions by the Employer required to be made to one or more of the Trusts established under this Article 15 shall be made on or before the twentieth (20th) day of each month based upon hours worked exclusive of overtime hours during the preceding calendar month by each employee covered by this collective bargaining Agreement. Such payments shall be accompanied by a list of the names of the employees for whom such contribution is made, showing the number of hours worked, exclusive of overtime hours, by each such employee during the preceding calendar month. Time during vacation periods, sick leave, jury duty and holiday absences which is paid for as provided under this collective bargaining Agreement herein referred to and all work performed on Sundays and holidays, exclusive of daily or weekly overtime, shall be considered as time worked to which the provisions of this Article shall apply. The Trustees have the authority to adopt and maintain reasonable rules regarding the acceptance of contributions in connection with the resolution of grievances. It is understood that the contributions required on behalf of any employee shall not exceed forty
Payment of Contributions. The Employer agrees to forward all monies payable by him in respect of fringe benefits, on or before the 15th day of the month following the actual performance of work and shall forward said contributions to the Administrator.
Payment of Contributions. The amount of the Employer's contribution to the Plan for each Plan Year shall be paid to the Trustee either in a single payment or in installments. [Note: Failure to make quarterly contributions required under section 412(m) of the Code will result in he imposition of interest on the Employer]. In order to ensure a deduction for each Plan Year, the total amount of its contributions shall be made no later than the time prescribed by law for filing its federal income tax return for the fiscal year of the Employer ending with or within such Plan Year, including extensions thereof. All contributions made by an Employer shall be conditional upon their deductibility by the Employer for income tax purposes; provided, however, that no contributions shall be returned to the Employer except as otherwise provided in this Plan.
Payment of Contributions. (1) Contributions to the Administrative Budget for each financial year shall be payable in freely convertible currency and shall become due on the first day of that financial year.
Payment of Contributions. Contributions are due from the Employer on the fifteenth (15th) day of the benefit month, commencing with the benefit month of February 1999 and each and every month thereafter so long as this agreement is in force.
Payment of Contributions. 4.1The Participant must pay its Contribution for the Work to MDC in accordance with the Statement of Work.
Payment of Contributions. The Employer agrees to forward all monies payable by the Employer in respect of fringe benefits, on or before the 10th day of the month following the actual performance of work and shall forward said contributions to the Union in respect to Health and Welfare and to the Administrator of the CAW Local 3000 Group Registered Retirement Savings Plan.
Payment of Contributions. Payment of contributions for employees of the Contributing Employer covered hereunder shall commence with the effective date of this Participation Agreement or other contribution effective date set forth herein and shall continue to be made as provided in paragraph 7 and as contained in any amendments, renewals or successor participation agreements.
