Common use of Business Leave Bank Clause in Contracts

Business Leave Bank. A. There is hereby created a Business Leave Bank for the sole and exclusive use of the Association. The Bank shall be administered and managed solely by the Association and subject to periodic audits by the Employer. Each audit shall be preceded by written notice, at least forty-eight (48) hours prior to the audit. Audits shall not be more frequent than twice each calendar year. The Employer shall provide the Association with a monthly statement reflecting, by name and amount, the additions and withdrawals and the current Business Leave account balance.

Business Leave Bank. A. There is hereby created a Business Leave Bank for the sole and exclusive use of the Association. The Bank shall be administered and managed solely by the Association and subject to periodic audits by the Employer. Each audit shall be preceded by written notice, at least forty-eight (48) hours prior to the audit. Audits shall not be more frequent than twice each calendar year. The Employer shall provide the Association with a monthly statement reflecting, by name and amount, the reflecting additions and withdrawals and the current Business Leave account balance.

Business Leave Bank. A. There is hereby created a Business Leave Bank for the sole and exclusive use of the Association. The Bank shall be administered and managed solely by the Association and subject to periodic audits by the Employer. Each audit shall be preceded by written notice, at least forty-eight (48) hours prior to the audit. Audits shall not be more frequent than twice each calendar year. The Employer shall provide the Association with a monthly statement reflecting, by name and amount, the additions and withdrawals and the current Business Leave account balance.