TIME OF PAYMENT OF CONTRIBUTIONS Sample Clauses

TIME OF PAYMENT OF CONTRIBUTIONS. A Participating Company may pay its contributions at such time or times and in such amount or amounts as it may deem appropriate during the Fiscal Year for which each such contribution becomes due and for such period thereafter during which payment thereof may be permitted as a deduction for the previous Fiscal Year under the Code.

TIME OF PAYMENT OF CONTRIBUTIONS. The Employer must make Salary Reduction Contributions to the Trust within an administratively reasonable period of time after withholding the corresponding Compensation from the Participant. Furthermore, the Employer must make Salary Reduction Contributions, Cash or Deferred Contributions, Employer matching contributions (including qualified Employer matching contributions) and qualified Employer nonelective contributions no later than the time prescribed by the Code or by applicable Treasury

TIME OF PAYMENT OF CONTRIBUTIONS a) All Participating Employers shall remit all fringe benefit amounts due and owing on or before the 15th day of each calendar month (or the first business day thereafter if the 15th is not a business day), for all hours in the prior calendar month. If the Participating Employer remits his payment by mail and the envelope is posted with a postage stamp, and the stamp is canceled by the U.S. Postal Service on or before the 15th day of the month (or the first business day thereafter if the 15th is not a business day), it shall be deemed to have been paid timely, regardless of the date of the actual receipt. If the Participating Employer remits his payment by mail and his envelope is posted with an office postage meter, the payment must be received by the 15th day of the month (or the first business day thereafter if the 15th is not a business day) to be deemed paid timely. If the Participating Employer causes the fringe benefit payments to be delivered to the Union Office, it shall be stamped as to the date and time of receipt and if it is receipted on or before the 15th day of the month (or the first business day thereafter if the 15th is not a business day), it shall be deemed paid timely. b) An Employer who is delinquent in the timely remittance of fringe benefit payments, more than once per calendar year or more than thirty (30) days late at any time, shall make future payments and deductions within seven (7) days following the close of the work week for a period of one (1) year. c) If a Participating Employer has not remitted the total fringe benefit and payroll deductions due and owing to the Plumbers Health & Welfare Trust Fund, the Profit Sharing Annuity Plan, or the Pension Plans and filed the official reporting forms by the Fringe Benefit Plan, the Employer shall be liable to the Trustees of each Employee benefit plan as to which the Employer is in default for liquidated damages in such amount as shall be established by the Trustees of each Plan by a promulgation of Rules and Regulations, in accordance with the Trust Agreements. The Trustees shall notify all Participating Employers of all promulgations of all Rules and Regulations establishing and revising the liquidated damage of charges and any terms, conditions, and provisions thereof in advance of the enforcements thereof. By acceptance and participation in this Agreement, all Participating Employers shall be bound by such promulgations on and after their effective dates. d) If a Participating ...

TIME OF PAYMENT OF CONTRIBUTIONS. The Employer shall remit the reporting forms to: (a) copy 1 to Plumbers and Pipefitters National Pension Fund, ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ with remittance;

TIME OF PAYMENT OF CONTRIBUTIONS. The Employer must make Salary Reduction Contributions to the Trust within an administratively reasonable period of time after withholding the corresponding Compensation from the Participant. Furthermore, the Employer must make Salary Reduction Contributions, Employer matching contributions (including qualified Employer matching contributions) and qualified Employer nonelective contributions no later than the time prescribed by the Code or by applicable Treasury regulations. Salary Reduction Contributions are Employer contributions for all purposes under this Plan, except to the extent the Code or Treasury regulations prohibit the use of these contributions to satisfy the qualification requirements of the Code.

TIME OF PAYMENT OF CONTRIBUTIONS. 37 14.06 SPECIAL ALLOCATIONS PROVISIONS - DEFERRAL CONTRIBUTIONS, MATCHING CONTRIBUTIONS AND QUALIFIED NONELECTIVE CONTRIBUTIONS ....................... 38 (A) Deferral Contributions................................ 38 (B) Matching Contributions ............................... 38 (C) Qualified Nonelective Contributions .................. 38 (D) Nonelective Contributions ............................ 38 14.07

TIME OF PAYMENT OF CONTRIBUTIONS. Special Allocation Provisions - Deferral Contributions, matching Contributions and Qualified Nonelective Contributions . . . . . . . . . . . . . . 14.07

TIME OF PAYMENT OF CONTRIBUTIONS. The Employer must make Salary Reduction Contributions to the Trust within an administratively reasonable period of time after withholding

TIME OF PAYMENT OF CONTRIBUTIONS. (a) All Participating Employers shall remit all fringe benefit amounts due and owing on or before the fringe benefit payment date, which is hereby established as the twentieth (20th) day of each calendar month (or the first business day thereafter if the twentieth (20th) day of the month is not a business day), for all hours in the prior calendar month. An “Electronic Transfer” provision shall presently be a voluntary provision; however, all contractors must comply with this provision by June 1, 2015. Any contractor that becomes signatory during the term of this agreement will have six (6) months to comply with the “Electronic Transfer.” Out of town Employers’ payments become due on or before the twentieth (20th) day of each month with the same provisions as above. Monies are to be paid to a bank, Certified Public Accountants, or Administrator jointly chosen by Trustees, to be designated by the parties to this Agreement; which bank, accountant or administrator will disburse copies of reports and appropriate checks to the respective funds. One copy of reporting forms to go to the Union office. Any Employer who is late on payment to the Central Depository shall be assessed a penalty of two percent (2%) above prime lending rate as established by PNC Bank on the twentieth (20th) day of that month, but not less than fifteen dollars ($15.00). Interest of two percent (2%) above prime lending rate will be compounded monthly on fringes due to the central depository. All fringe benefit payments are to be paid by certified check after first check is returned for insufficient funds. On the fifth (5th) day after the due date, if payment plus assessment have not been received by the central depository, all labor will be withheld by Local Union No. 33 - Youngstown District. The delinquent Employer has the right to appeal this action within seventy two (72) hours with the Local Joint Adjustment Board. All assessments paid, will be paid into an account which will be used to defray expenses incurred by the Administrator’s office. The Employer shall make available to all funds within thirty (30) calendar days, all records of covered employees that may be required for the sound and efficient operations of the Funds. (b) An Employer who is delinquent in the timely remittance of fringe benefit payments more than once per calendar year or more than thirty (30) days late at the time shall make future payments and deductions on a weekly basis within seven (7) days following the cl...