WELFARE TRUST FUND Sample Clauses

WELFARE TRUST FUND. Section 1. On work covered by this Agreement, the Employer agrees to pay into the Indiana Laborers Welfare Fund the amount in cents per hour as shown in Article XXVII. Payment shall be made on the dates, in the manner, form and in accordance with the rules and regulations as adopted by the Trustees of the herein mentioned Welfare Fund.
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WELFARE TRUST FUND. The Centre agrees that it shall contribute a sum equal to four (4%) effective January 1, 2005 of the total gross wages paid to all members of the Union on a monthly basis by cheque payable to the Union. This Welfare Fund shall be administered exclusively by the Union for the establishment of benefits supplementary to those already existing to members of the Union under federal or provincial legislation, the contract between the Centre and the Union, or under any other existing social welfare schemes. The contributions by the Centre shall be used for the payment of group insurance plan premiums available through established insurance companies and supplementary benefits as determined by the Trustees. The employer shall be provided with a copy of the IATSE Local 471 Welfare Trust document which governs and administers this fund.
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WELFARE TRUST FUND. A. A welfare trust fund has been established by an "Agreement and Declaration of Trust" dated the 12th day of August 1974. It shall be administered by the Congress with trustees elected by the membership of the Congress. Said trustees shall determine the benefits and/or insurances to be purchased.
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WELFARE TRUST FUND. 18.01 Commencing with the effective date of this Agreement and continuing thereafter for the life of this Agreement the Employer agrees to remit contributions to the Welfare Trust Fund by the 20th day of the month following the month in which the hours were worked to an Administrator designated by the Trustees.
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WELFARE TRUST FUND. The Union Welfare Trust Agreement established for the purpose of providing unit members with benefits such as dental, life, optical, and long-term disability insurance shall be funded by the District at the annual rate of $600 per full-time and hourly unit member employed as of each July 1. Such funding shall occur during each July, except the District shall make pro rata contributions for those employees hired between July 1 and October 1 during each October. The annual rate of contribution shall increase to $700 effective July 1, 2007, $925 effective July 1, 2008, and $1,150 effective July 1, 2009, with pro rata contributions for those employees hired between July 1 and January 1 payable in January of each year. After applicable taxes and deductions, the 2007-08 retroactive pay of any unit member hired before July 1, 2007 shall be reduced by $300, which shall then be remitted to the Union Welfare Trust. An annual accounting shall be rendered to the District setting forth source and amounts of income received and monies expended. Copies of all policies provided through the trust shall be immediately furnished to the District, together with copies of any amendments thereto. The District's liability under this clause shall be limited solely to the payments required pursuant to the first paragraph hereof.
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WELFARE TRUST FUND. An Employer, being signatory to this agreement, hereby covenants and agrees to be bound by all terms of the Trust Agreement governing the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund dated the 15th day of October, 1970 and all amendments thereto. Effective May 1, 2004, the Employer shall contribute $1.60 for every hour worked by each employee covered by this Agreement. Effective May 1, 2005, the Employer shall contribute $1.62 for every hour worked by each employee covered by this Agreement. Effective May 1, 2006, the Employer shall contribute $1.64 for every hour worked by each employee covered by this Agreement. Such contributions shall be forwarded to the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund by the 15th day of the month following the month in which the hours were worked. It will not be a violation of this agreement if the supply of labour is withheld due to non-payment of Welfare contributions by the Employer.
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WELFARE TRUST FUND. 14.4.1 The Association shall create a trust fund pursuant to the rules of the Department of Labor and the laws of the State of New York and upon presentation by the Association to the district of documentation demonstrating the creation of a legal trust the District shall pay annually to the trustees for each full time employee an amount equal to: AS OF 2013-2014 $1,000 2014-2015 $1,050 2015-2016 $1,150 2016-2017 $1,200 2017-2018 $1,250 One quarter of the amount shall be paid on July 1, one quarter on October 1, one quarter on January 1, one quarter on April 1. Such payments will be adjusted according to the total number of full time employees as of each quarterly payment. In each quarter the number of full time employees shall be determined by the full time equivalent of the total number of employees employed by the District. District will make available a vision plan for all HTA unit members/retirees who elect the Orange-Ulster Health Plan. The plan benefits will be equivalent to DEHIC vision coverage, as available. The cost of the vision plan will be shared with the same annual unit member contributions as designated with regard to health insurance contribution.
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WELFARE TRUST FUND. Pursuant to the conditions set forth below, the District will contribute to the Welfare Trust Fund a contribution per employee per year of $825.00. Effective July 1, 2018, this sum shall be increased to $1,000. Effective July 1, 2020, this sum shall be increased to $1,200. Effective July 1, 2021, this sum shall be increased to $1,300.
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WELFARE TRUST FUND. Commencing with the effective date of this Agreement and continuing thereafter for the life of this Agreement the Employer agrees to remit contributions to the Welfare Trust Fund by the 20th day of the month following the month in which the hours were worked to an Administrator designated by the Trustees. Effective July the Employer shall contribute to the Welfare Trust Fund one dollar and thirty cents ($1.30)per hour for each hour worked by each employee covered by the Agreement. Ten cents of this amount applies to welfare taxes. Effective November the amount shall be increased to one dollar and thirty-five cents ($1.35). It is agreed that, subject to compliance with such other requirements as the Trustees may from time to time establish, the Trustees may accept contributions to the Welfare Trust Fund from an Employer as defined in the Welfare Trust Fund Agreement. It is agreed that the Welfare Trust Fund shall be administered by a Joint Board of Trustees as provided in Article of this Appendix. The benefits received by employees from the Welfare Trust Fund shall be those benefits which are determined from time to time by the Trustees and which can be made available under the law and from the funds under the administration of the Trustees. Appendix “A‘ ONTARIO CONSTRUCTION SECRETARIAT Effective July each Employer shall remit to the Ontario Construction Secretariat two cents ($0.02) for each hour worked by each employee in the Industrial, Commercial and Institutional sector in accordance with Article Wage rates in each Local have been adjusted to reflect the above change. ARTICLE
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Related to WELFARE TRUST FUND

  • Health and Welfare Trust Fund Contingent upon the Fund being jointly and equally trusteed, the Employer shall contribute to the International Union of Operating Engineers Local 870 Health and Welfare Trust Fund in accordance with the attached Appendix A and forming part of this Agreement.

  • Pension Trust Fund Contingent upon the Fund being jointly and equally trusteed, the Employer shall contribute to the International Union of Operating Engineers Local 870 Pension Trust Fund in accordance with the attached Appendix A and forming part of this Agreement.

  • The Trust Fund Xxxxxx Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Trust Fund established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Lower Tier Regular Classes, including all payments of principal and interest thereon received after the month of the Issue Date.

  • Trust Fund The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans.

  • Training Trust Fund Section 1. On work covered by this Agreement, the Employer agrees to pay into the Indiana Laborers Training Trust Fund the amount in cents per hour as shown in Article

  • The Unemployment Trust Fund 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: The State shall use the following methodology to calculate State interest liabilities on funds withdrawn from the several accounts in the UTF under the Unemployment Insurance program. Based on statements provided by its financial institution, or other appropriate source, the State shall determine the actual interest earnings and the related banking costs attributable to funds withdrawn from its account in the UTF. At the end of the State's fiscal year, the State shall calculate the percentage of its total unemployment compensation expenditures for (1) funds withdrawn from the State account in the UTF, or the State %, and (2) funds withdrawn from the Federal Employees Compensation Account (FECA) and the Extended Unemployment Compensation Account (EUCA) and any other accounts of Federal funds in the UTF, or the Federal %. The State shall calculate the actual interest earnings and the related banking costs attributable to funds withdrawn from the State account in the UTF by multiplying the State % by the amount of the actual interest earnings and the related banking costs of the account as a whole. The State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings attributable to such funds less the related banking costs attributed to such funds. The State shall determine the average daily cash balance of its unemployment compensation benefit payment account for its fiscal year. The State shall calculate the average daily cash balance of Federal funds by multiplying the Federal % by the average daily cash balance of the benefit payment account on the whole. The State's liability for interest on funds withdrawn from the FECA and EUCA (and any other benefit accounts of Federal funds in the UTF from which the State draws funds) shall be the average daily cash balance of Federal funds multiplied by the annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during the State's fiscal year.

  • TRUST FUNDS The Owner hereby gives power to the Agent to deposit all receipts collected for the Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from the Agent’s personal accounts. The Agent shall not be liable in the event of a bankruptcy or failure of a financial institution. All funds managed under this section must be done so in accordance with applicable law.

  • Custodial Employees The School District may provide and maintain uniforms for Custodial employees at no cost to the employee. If the uniforms are provided, the following requirements shall then apply. Employees shall then be required to wear uniforms during the workday. Uniforms will be replaced on an as needed basis due to normal wear and tear or if lost through no fault of the employee. For replacement purposes, employees must turn in the appropriate garments. Any employee issued a uniform(s), who is leaving employment, will be required to turn in his/her uniform(s) prior to receiving his/her last check. The District will establish procedures for cleaning and maintaining rented uniform(s).

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

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