ARTICLE 5 - INSURANCE AND RETIREMENT PLAN AND DEDUCTIONS FROM ANIMATION WRITERS' AND ANIMATION STORY EDITORS' FEES
| 501 |
Insurance
The Producer shall contribute an amount equal to five percent (5%) of the Gross Fees of each Animation Writer and Animation Story Editor who is a Guild member for insurance benefits. |
| 502 |
Retirement Plan
The Producer shall contribute an amount equal to six percent (6%) of the Gross Fees of each Animation Writer and Animation Story Editor who is a Guild member for retirement benefits. |
| 503 |
Deduction From Animation Writer's Fees - Retirement Plan
The Producer shall deduct for retirement purposes, from the Gross Fees earned by each Animation Writer and Animation Story Editor three percent (3%) of such Gross Fees. |
| 504 |
Deduction from Animation Writer's Fees - Guild Dues
The Producer shall deduct two percent (2%) of the Gross Fees paid to any Animation Writer or Animation Story Editor who is a member of the Guild and shall deduct five percent (5%) of the Gross Fees paid to any Animation Writer or Animation Story Editor who is not a member of the Guild. |
| 505 |
Non-members Equalization Payments & Deductions
- In order to equalize the payments and deductions in respect of Guild members and non-members, the Producer shall contribute an amount equal to eleven percent (11%) of the Gross Fees paid to each Animation Writer or Animation Story Editor who is not a member of the Guild
- the equalization payments and deductions made in respect of non-members may be used and applied by the Guild and the agent or broker mutually agreed upon by the parties to this Animation Section for disposition in such manner and for such purposes as may be determined in the absolute and unfettered discretion of the Guild and the broker mutually agreed upon by the parties to this Animation Section.
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| 506 |
All contributions and Animation Writer deductions for the Insurance and Retirement plan, made pursuant to this Article shall be made payable to the agent or broker mutually agreed upon by the parties to this Section. Deductions from Animation Writer's Fees for Guild Dues shall be made payable to the Guild. All payments shall be sent to the Guild office, and shall be payable monthly on or before the 15th of the month following the earning of such fees. |
| 507 |
All deductions required by this Article will be remitted with information on the Animation Writer and Animation Story Editor, the contract, the services contracted, and such other information as may be agreed upon from time by the parties hereto. |
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