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ARTICLE 5 – INSURANCE AND RETIREMENT PLAN AND DEDUCTIONS FROM ANIMATION WRITERS’ AND ANIMATION STORY EDITORS’ FEES

ARTICLE 5 – INSURANCE AND RETIREMENT PLAN AND DEDUCTIONS FROM ANIMATION WRITERS’ AND ANIMATION STORY EDITORS’ FEES

501 Seventy-five percent (75%) of Animation Story Editors’ Gross Fees are subject to the payments and deductions set out in this Article.  Commencing January 1, 2005, one hundred percent (100%) of Animation Story Editors’ Gross Fees are subject to the payments and deductions set out in this Article.
502 Insurance 

The Producer shall contribute an amount equal to four percent (4%) of the Gross Fees of each Animation Writer and Animation Story Editor who is a Guild member for insurance benefits.

503 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.

504 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.

505 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.

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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