INDUSTRY FUND, STABLIZATION FUND

A Industry Fund The employer shall make contributions at the rate of $0.30 per hour worked to the CLRA Industry Fund and to the Trades NL Industry Fund. Such monies shall be remitted no later than the fifteenth (15) day of the month following the month worked. The monies shall be remitted to an Administrator appointed by the parties. Harmonized sales tax (HST) of 15% is applicable on the $0.30 remitted to the CLRA only, and the HST portion shall be mailed separately to the CLRA at 69 Mews Place, St. John’s, NL A1B 4N2 with supporting documentation. B Stabilization Fund The Employer shall remit One dollar ($1.00) per person hour worked for each employee covered under this agreement to the Stabilization Fund. Payment shall be made no later than fifteen (15) bY NM Me CLRA and Operating Engineers Local 904 Collective Agreement 2022-2027 Page 20 7d“a days after the termination of the calendar month to the Administrator of the Fund accompanied by a statement of the hours worked during that calendar month. Employers who are delinquent for forty-five (45) calendar days or more will be assessed a penalty payment of fifteen (15%) percent for all hours owing. This penalty payment will be payable to the Fund. This Fund will be jointly administered under the attached Stabilization Agreement and Declaration of Trust.