Opening of Bids - Three Twenty at the Cascade Glazed Assemblies Project No 118-074A - Precision Wall Systems Inc

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serve, as Union Trustees, together with their successors, as provided for in the aforesaid trust indentures. C. The parties hereto further agree to be bound by all actions taken by the Trustees of the Pension Fund, the FTI, and the LMCI pursuant to the said Agreements and Declarations of Trust. Section 3. All contributions to the Funds described in paragraph. 1 hereof shall be made at such time and in such manner as the Trustees of each respective Fund may require, and the Trustees shall have the authority to have a certified public accountant audit the payroll, wage, and other relevant records of the Employer for the purpose of determining the accuracy of contributions to each respective Fund. Section 4. if an Employer fails to make contributions to any of the Funds described in paragraph 1 hereof within twenty (20) days after the date required by the Trustees, such failure shall be deemed a violation of this Agreement and the Union shall have the right to take whatever steps are necessary to secure compliance with this Agreement, any provisions hereof to the contrary notwithstanding, and the Employer shall be liable for all costs of collecting the payments due, together with the attorneys' fees and such penalties as may be assessed by the Trustees of each respective Fund. The Employer's liability for payment under this provision shall not be subject to or covered by any "no -strike" clause which may be provided or set forth elsewhere in this Agreement and such provisions shall not apply in the event of a violation of this clause. Section 5. Each of the respective Funds described in paragraph 1 hereof shall, at all times, conform with the requirements of the Internal Revenue Code and other applicable laws and regulations so as to enable the Employer, at all times, to treat contributions to them as a deduction for income tax purposes. Section 6. Beginning July 1, 2018, for each hour, or portion thereof, for which an employee receives pay, the Employer shall make a contribution of $10.01 to the IUPAT Industry Pension Plan. Beginning July 1, 2019, for each hour, or portion thereof, for which an employee receives pay, the Employer shall make a contribution of a minimum of $10.61 to the IUPAT Industry Pension Plan. Beginning July 1, 2020, for each hour, or portion thereof, for which an employee receives pay, the Employer shall make a contribution of a minimum of $11.21 to the IUPAT Industry Pension Plan. ARTICCLE XXH Contributions to District Council Fringe Benefit Funds Section 1. Commencing with the August 1st 2012, and for the duration of the Agreement, and any renewals or extension thereof, the Employer agrees to make payments to the Finishing Trades Institute of DC 91 and District Council No. 91 approved Health and Welfare Funds for each employee covered by this Agreement, as follows: (a) For each hour or portion thereof for which an employee receives pay, the Employer shall LO