Employer’s Contribution Sample Clauses
The Employer’s Contribution clause defines the amount or percentage that an employer is required to pay towards a specific benefit or fund, such as a retirement plan, health insurance, or other employee benefits. Typically, this clause outlines the timing, calculation method, and any conditions under which the employer must make these contributions, for example, specifying monthly payments into an employee’s pension fund or matching a portion of employee contributions. Its core practical function is to ensure clarity and enforceability regarding the employer’s financial obligations, thereby protecting employees’ entitlements and preventing disputes over benefit funding.
Employer’s Contribution. For Employees hired Before January 1, 2013 and for Employees hired on or After January 1, 2013 who are considered “Legacy Members” of OCERS within the meaning of the Public Employees’ Pension Reform Act of 2013 (PEPRA): The Authority will pay the amount of the employee’s share of retirement contribution that is not paid by the employee per Section 5 of this Article.
Employer’s Contribution. (a) The Employer's obligation in relation to the continuation of the B.C. Medical Services Plan and the Union's Health and Welfare Plan is limited to making contributions toward the costs of maintaining the coverages under the Plans.
Employer’s Contribution to the trade unions
Employer’s Contribution. The rate of Apprentice and Journeymen’s Training Fund contri- bution shall be in accordance with Schedules A, B and C attached hereto and made a part hereof and shall be paid based on all hours worked. The Apprentice and Journeymen’s Training Fund contribution covering all Apprentices performing work as required by Local No. 73 shall be made to the Apprentice and Journeymen’s Training Fund. The time spent by the Apprentice at- tending school shall be excluded. There shall be no con- tributions for hours worked by Residential Service Specialists and Commercial Service Specialists. The Sheet Metal Workers’ Local No. 73 Apprentice and Journeymen’s Training Fund shall be administered pursuant to the Agreement and Declaration of Trust dated June 1, 1965, and amended from time to time since that date, and executed jointly by equal representatives of the Union and representatives of SMACNA Greater Chicago, which may include its Executive Director, and shall be considered to be a part hereof, as if set forth in detail. The Employer confirms and ratifies the appointment of three (3) Employer Trustees who with their successors designated in the manner provided in said Agreement and Declaration of Trust, are called Employer Trustees. The Trust is lawful and is qualified under all appli- cable laws and specifically with Section 302(c)(5) of the Labor-Management Relations Act of 1947, as amended and the Trust has been approved under applicable pro- visions of the Internal Revenue Code so that all contri- butions by the Employer to said Fund will be fully deductible for federal income tax purposes.
Employer’s Contribution. The Employers will pay the VVCS and ProProf jointly an annual contribution of €356,860.24 for the purposes of union work within the sector. This Employer's contribution must be paid to VVCS and ProProf no later than in the first week of January and will be indexed at a rate of 3% on 1 January 2024, 1 January 2026 and 1 January 2027.
Employer’s Contribution. The rate of Apprentice and Journeymen’s Training Fund contri- bution shall be in accordance with Schedules A, B and C attached hereto and made a part hereof and shall be paid based on all hours worked. The Apprentice and Journeymen’s Training Fund contribution covering all Apprentices performing work as required by Local No. 73 shall be made to the Apprentice and Journeymen’s Training Fund. The time spent by the Apprentice at- tending school shall be excluded. There shall be no con- tributions for hours worked by Residential Service Specialists and Commercial Service Specialists. The Sheet Metal Workers’ Local No. 73 Apprentice and Journeymen’s Training Fund shall be administered pursuant to the Agreement and Declaration of Trust dated June 1, 1965, and amended from time to time since that date, and executed jointly by equal representatives of the Union and representatives of SMACNA Greater Chicago, which may include its Executive Director, and shall be considered to be a part hereof, as if set forth in detail. The Employer confirms and ratifies the appointment of three (3) Employer Trustees who with their successors designated in the manner provided in said Agreement and Declaration of Trust, are called Employer Trustees. The Trust is lawful and is qualified under all appli- cable laws and specifically with Section 302(c)(5) of the Labor-Management Relations Act of 1947, as amended and the Trust has been approved under applicable pro- visions of the Internal Revenue Code so that all contri- butions by the Employer to said Fund will be fully deductible for federal income tax purposes. The contributions shall be paid monthly up to and in- cluding the last payroll date in each and every calendar month on or before the fifteenth (15th) day of the fol- lowing month. The contributions are to be stated on forms provided or approved by the Sheet Metal Work- ers’ Local No. 73 Apprentice and Journeymen’s Train- ing Fund. In the event contributions remain unpaid on the thir- tieth (30th) day of the aforesaid following month, a charge of fifteen percent (15%) of the amount of the con- tribution due must be paid. The Employer shall make available to the Sheet Metal Workers’ Local No. 73 Apprentice and Journey- men’s Training Fund any and all records of the covered employees that the Fund may require in connection with the sound and efficient operation of the Sheet Metal Workers’ Local No. 73 Apprentice and Journeymen’s Training Fund. Employers who sign this Agreement.
Employer’s Contribution. Eligible Participating Employees* who meet the requirements as defined by the plan who are credited with one thousand (1,000) or more hours of service during the plan year and who are employed on the last day of the plan year shall be eligible to receive an employer’s contribution to the employee’s 401(k) account of not less than three percent (3%).
Employer’s Contribution. The employer declares that it is prepared to pay a contribution per employee per year to the employee’s trade unions. This amount is €19.58 for 2022 and is indexed annually on the basis of the general wage development with the employer. The reference date for determining the number of employees is
Employer’s Contribution. The Operator can calculate and charge the employer’s contribution to the Joint Account for Annual Service Cost Contribution, Annual Service Cost Benefit and Annual Service Cost Hybrid.
Employer’s Contribution. Increases in the Employer’s portion of Michigan Retirement (MPSERS) and the Federal Insurance Contributions Act (FICA) will be paid by the District.