Bonding of Employers Sample Clauses

Bonding of Employers. (a) All Employers shall simultaneously, with the execution of a Letter of Assent to this Agreement, post a Surety Bond in the amount indicated in the schedule below, to assure payment of wages and contributions due to the various trust funds set for in ARTICLES II, III, V, VI, and VII of this Agreement. Surety Bonds provided for above shall be in accordance with the following schedule: 3 to 5 employees $5,000 6 to 10 employees $40,000 11 to 15 employees $50,000 16 to 25 employees $60,000 26 to 50 employees $70,000 Over 50 employees $80,000 All bonds shall terminate or be reissued as required January 1 of each year, and the chapter shall receive a xxx of all bonds issued to the local union. A Surety Bond as required above, must be filed with the Local Union #702, IBEW, before workmen are dispatched in accordance with the terms of ARTICLE IV of this Agreement.
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Bonding of Employers. The Union shall not furnish laborers to any Employer, until such Employer has previously delivered to Laborers’ Welfare Fund security for the timely and full payment of wages, fringe benefits and contributions provided herein. Said security shall be kept in full force and effect for the entire term of this Agreement unless the Employer ceases to perform any work under this Collective Bargaining Agreement. This security, in the discretion of the Employer, shall be in one of the following three (3) forms:
Bonding of Employers. All employers or T-M-T contractors who employ members of the I.U. of BAC shall be required to register with the Local Union and will present to the Union the following information in good order and up to date prior to entering this jurisdiction:

Related to Bonding of Employers

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Separation of Employment (a) If an employee is discharged by the Employer, he shall be paid in full for all monies owing to him by the Employer on the date of his discharge.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

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