Distribution of Monies Sample Clauses

Distribution of Monies. Upon the occurrence of an insured loss, monies received will be deposited in a separate account and the trustees shall make distribution in accord with the agreement of the parties in interest. In the absence of such agreement, any dispute between the parties as to the distribution of the monies received shall be determined in accord with the provisions of ARTICLE 13.
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Distribution of Monies. (A) It is understood, and agreed, that the Union and its Members shall have the option of distributing any “To- tal Wage Package” as between wages, fringe benefits, vacation, training, etc. However, in no event shall the Health and Welfare contributions be more, or less, than the amount specified in the Collective Bargaining Agreements which contribute to the Oregon-Washing- ton Carpenters-Employers Health and Welfare Trust Fund. (B) A sixty-day notice is required to modify wage package allocations or to implement the additional monies. EFFECTIVE: JUNE 13, 2016 - MAY 31, 2017 Hourly Dues Vacation CLASSIFICATIONS Wage Deduction Deduction APPRENTICE WAGE SCALE *Welder Premium is 5% over scale ($1.75) Minimum of 8 hours per day. Note: 1) Overtime is paid using the Taxable Wage (Taxable Wage X Overtime Rate) then the taxable deductions (Dues and va- cations) are deducted. 2) Training Contributions are based on 1.7% of the Drywall 3) 1st and 2nd Period Apprentices do not receive a pension contribution or vacation deduction. 4) Utility Man (1st Year) receives no Retirement or Appren- ticeship Fund Benefits and no vacation deduction 5) Drywall / Lather / Taper Foremen, General Foremen and Superintendents are charged dues using the Journeyman wage rate
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Distribution of Monies. The Union reserves the right to move monies within the wage package (Wages, RCD and health and welfare, etc.) without approval of the contractor Association, so long as no more than fifty percent (50%) of the total monetary increase is allocated to the benefit package. Fringe Benefits, Section 3, (insert) Paragraph 2
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Distribution of Monies. (A) It is understood, and agreed, that the Union and its Members shall have the option of distributing any “To- tal Wage Package” as between wages, fringe benefits, vacation, training, etc. However, in no event shall the Health and Welfare contributions be more, or less, than the amount specified in the Collective Bargaining Agree- ments which contribute to the Oregon-Washington Car- penters-Employers Health and Welfare Trust Fund. (B) A sixty-day notice is required to modify wage package allocations or to implement the additional monies. CLASSIFICATIONS Wage Deduction Deduction APPRENTICE WAGE SCALE *Welder Premium is 5% over scale ($1.75) Minimum of 8 hours per day. Note: 1) Overtime is paid using the Taxable Wage (Taxable Wage X Over- time Rate) then the taxable deductions (Dues and vacations) are deducted. 2) Training Contributions are based on 1.7% of the Drywall / Lath- er/ Taper Journeyman gross wages (Taxable + Fringe). 3) 1st and 2nd Period Apprentices do not receive a pension contri- bution or vacation deduction. 4) Utility Man (1st Year) receives no Retirement or Apprenticeship Fund Benefits and no vacation deduction. 5) Drywall / Lather / Taper Foremen, General ▇▇▇▇▇▇▇ and Super- intendents are charged dues using the Journeyman wage rate. 6) Union deduction (deduct from net wage) 4% of the taxable Jour- ▇▇▇▇▇▇ Dispatch Wage of the applicable classification
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Distribution of Monies. (A) It is understood, and agreed, that the Union and its Members shall have the option of distributing any "Total Wage Package" as between wages, fringe benefits, vacation, training, etc. However, in no event shall the Health and Welfare contributions be more, or less, than the amount specified in the Collective Bargaining Agreements which contribute to the Oregon-Washington Carpenters-Employers Health and Welfare Trust Fund. (B) A sixty-day notice is required to modify wage package allocations or to implement the additional monies. Counties covered by this agreement: Entire State of Oregon and for Washington State: Cowlitz, ▇▇▇▇▇, Skamania, Klickitat, Wahkiakum and 1/2 Pacific Drywall/Lather/Taper $35.96 $1.44 $2.00 ▇▇▇▇▇▇▇ A $39.56 $1.44 $2.00 ▇▇▇▇▇▇▇ B $38.84 $1.44 $2.00 Utility Man (1st year) $17.98 $0.72 $0.00 Utility Man (after 12 months or 1,200 hours) $19.98 $0.80 $2.00 Health & Security $7.69 Retirement $6.82 Apprenticeship $0.87 Total $15.38
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Distribution of Monies. Unless otherwise mutually agreed by the Parties, any damages, amounts received in settlement, judgment or other monetary awards recovered by either Party pursuant to Section 9.4.2 or 9.4.3, whether by settlement or judgment (“Monies”), shall be allocated in the following order: First, (a) the Monies will be distributed first to the controlling Party for its costs and expenses incurred under Section 9.4.2 or 9.4.3, as applicable; and (b) the Monies will then be distributed to the other Party for its costs and expenses incurred under Section 9.4.3; and (c) the Monies remaining after (a) and (b) shall be deemed to be Net Sales and (i) if Jazz is the controlling Party, then (1) Jazz shall pay to ImmunoGen an amount equal to [***] of the royalty that would otherwise have been owed by Jazz to ImmunoGen pursuant to Section 6.4 on account of such Net Sales and (2) [***] or (ii) if ImmunoGen is the controlling Party, then (1) ImmunoGen will retain an amount equal to [***] of royalty that would otherwise have been owed by Jazz to ImmunoGen pursuant to Section 6.4 on account of such Net Sales and (2) [***].
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Distribution of Monies. All monies realized by the Company on the disposition pursuant to Section 10.2 shall: 10.3.1 firstly, be used to satisfy all debts and liabilities of the Company; and 10.3.2 secondly, be distributed in the manner provided in Article 25.3 of the Articles.
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Related to Distribution of Monies

  • Collection of Monies Except as otherwise expressly provided in this Agreement, the Trustee may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by the Trustee pursuant to this Agreement. The Trustee shall hold all such money and property received by it as part of the Trust Fund and shall distribute it as provided in this Agreement. If the Trustee shall not have timely received amounts to be remitted with respect to the Mortgage Loans from the Master Servicer, the Trustee shall request the Master Servicer to make such distribution as promptly as practicable or legally permitted. If the Trustee shall subsequently receive any such amount, it may withdraw such request.

  • Application of Monies In the event that, during the continuance of any Default, the Administrative Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of rights under the Loan Documents, such monies shall be distributed for application as follows: (a) First, to the payment of, or (as the case may be) the reimbursement of the Administrative Agent and the Banks for or in respect of all costs, expenses, disbursements, and losses that shall have been incurred or sustained by the Administrative Agent and the Banks in connection with the collection of such monies by the Administrative Agent or any such Banks, for the exercise, protection, or enforcement by the Administrative Agent or any such Banks of all or any of the rights, remedies, powers, and privileges of the Administrative Agent or any such Banks under this Credit Agreement or any of the other Loan Documents, or in support of any provision of adequate indemnity to the Administrative Agent or any such Banks against any taxes or Liens that by Government Mandate shall have, or may have, priority over the rights of the Administrative Agent or any such Banks to such monies; (b) Second, to all other Obligations in such order or preference as the Majority Banks may determine; provided, however, that distributions among Obligations owing to the Banks and the Administrative Agent with respect to each type of Obligation such as interest, principal, fees, and expenses, shall be made among the Banks and the Administrative Agent pro rata according to the respective amounts thereof; and provided, further, that the Administrative Agent may in its discretion make proper allowance to take into account any Obligations not then due and payable; and (c) Third, the excess, if any, shall be returned to the applicable Borrower or to such other Persons as are entitled thereto.

  • Collection of Moneys Except as otherwise expressly provided in this Agreement, the Trustee and the Paying Agent may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by the Trustee or the Paying Agent, as the case may be, pursuant to this Agreement. The Trustee or the Paying Agent, as the case may be, shall hold all such money and property received by it as part of the Trust and shall distribute it as provided in this Agreement. If the Trustee or the Paying Agent, as the case may be, shall not have timely received amounts to be remitted with respect to the Mortgage Loans from the Master Servicer, the Trustee or the Paying Agent, as the case may be, shall request the Master Servicer to make such distribution as promptly as practicable or legally permitted. If the Trustee or the Paying Agent, as the case may be, shall subsequently receive any such amount, it may withdraw such request.

  • Application of Moneys Collected Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

  • Application of Moneys Collected by Trustee Any moneys collected by the Trustee shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such moneys, upon presentation of the Securities in respect of which moneys have been collected, and stamping thereon the payment, if only partially paid, and upon surrender thereof if fully paid: