ARTICLE XIX - Educational Fund

Par. 1. The National Elevator Industry, Inc., and the International Union of Elevator Constructors have established an Education Trust Fund administered by a joint board of trustees. The Educational Trust Fund known as the "National Elevator Industry Education Program" shall provide an apprenticeship program for the education and training of apprentices as well as a continuing education program for elevator mechanics. Such Fund has been established pursuant to and in compliance with the provisions of Section 302 of the Labor - Management Relations Act, as amended.

Par. 2. The apprenticeship program called for herein shall be for a period of four (4) years and shall in all respects conform to the regulations of the United States Department of Labor and/or applicable state apprenticeship councils governing registered apprenticeship programs. The pattern standards for the apprenticeship program are set forth in Appendix [B] to this agreement and are incorporated herein. Through coordination with the Director of the National Elevator Industry Education Program, local committees consisting of representatives of employers signatory to this agreement and IUEC Local Unions, shall prepare and submit for approval to the applicable state apprenticeship councils such documents as may be necessary to secure registration of the apprenticeship program called for herein. Upon the approval of the parties hereto, such committees may alter the program of apprenticeship set for in Appendix [B] hereto if in their opinion such alterations are called for by applicable state law.

Par. 3. The Board of Trustees of the Education Trust Fund shall have full authority and discretion to adopt Agreements and Declarations of Trust and educational and training programs which shall become a part of this Agreement and binding on all parties to the Agreement.

Par. 4. The National Elevator Industry Education Program shall be financed by contributions by Employers as provided. Upon the effective date of this Agreement the Company agrees to continue to pay and contribute to such Fund seventeen cents ($.17) per hour for each hour of work performed by all Elevator Constructor Mechanics,Helpers and Apprentices.. The seventeen cents($.17) hourly contribution shall increase annually. The thirteen cents ($.13) employer contribution effective July 9, 2002 will not be deducted from the hourly wage and fringe package of the elevator constructor. The existing seventeen cents ($.17) contribution plus the additional thirteen cents ($.13) will become a base thirty cents [$.30] hourly contribution, and shall increase annually. The amount of the Company contribution will be as follows (except as modified by Article V, Par. 3):

Effective Date Amount of Increase Hourly Contribution Rate
July 9, 2002 $0.13 $0.30
January 1, 2004 $0.04 $0.34
January 1, 2005 $0.03 $0.37
January 1, 2006 $0.03 $0.40
January 1, 2007 $0.03 $0.43

Payment of said contributions shall be in accordance with the terms of the Declaration of Trust adopted by the Board of Trustees. However, in no event shall contributions by the Company exceed the lowest contribution paid by any Employer contributor to the Fund.

Par. 5. It is understood and agreed that if prior to any calendar year the Trustees shall advise the IUEC and the Company that the amount of the contributions set forth in Par. 4. above are providing more than sufficient funds to finance and maintain the existing education program, then the IUEC and the Company shall meet to discuss and agree upon whether the amount of the Company's contributions to the Education Plan should be reduced and the wage rate of Elevator Constructor Mechanics, Helpers and Apprentices increased by the amount of any agreed upon reduction.
It is also understood and agreed that if at any time the Trustees of the Education Plan shall advise the IUEC and the Company that the Education Plan does not have sufficient funds to maintain the existing education program, then the IUEC and the Company shall meet to discuss and agree upon whether the amount of the Company's contribution to the Education Plan shall be increased. In no event shall the Company's contribution exceed the lowest contribution paid by any Employer contributor to the Education Plan.

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