Common use of Delinquent Health, Welfare and Pension Contributions Clause in Contracts

Delinquent Health, Welfare and Pension Contributions. Notwithstanding anything herein contained, it is agreed that in the event the Company is delinquent at the end of a period in the payment of its contributions to the Health and Welfare Pension Fund or Funds created under this Agreement or Supplements hereto, in accordance with the rules and regulations of the Trustees of such Funds, the employees or their representatives, after the proper official of the Local Unions shall have given seventy-two (72) hours’ notice to the Company of such delinquency in Health and Welfare or Pension pay- ments shall have the right to take such action as they deem necessary until such delinquent payments are made and it is further agreed that in the event such action is taken, the Company shall be responsible to the employees for losses resulting there from.

Appears in 4 contracts

Samples: Parcel Service Supplemental Agreement, Parcel Service Supplemental Agreement, Master United Parcel Service Agreement

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Delinquent Health, Welfare and Pension Contributions. Notwithstanding anything herein contained, it is agreed that in the event the Company is delinquent at the end of a period in the payment pay- ment of its contributions to the Health and Welfare Pension Fund or Funds created under this Agreement or Supplements hereto, in accordance with the rules and regulations of the Trustees of such Funds, the employees or their representatives, after the proper official of- ficial of the Local Unions shall have given seventy-two (72) hours’ notice to the Company of such delinquency in Health and Welfare or Pension pay- ments payments shall have the right to take such action as they deem necessary until such delinquent payments are made and it is further agreed that in the event such action is taken, the Company Com- pany shall be responsible to the employees for losses resulting there from.

Appears in 2 contracts

Samples: Letter of Agreement, Letter of Agreement

Delinquent Health, Welfare and Pension Contributions. Notwithstanding anything herein contained, it is agreed that in the event the Company is delinquent at the end of a period in the payment pay- ment of its contributions to the Health and Welfare Pension Fund or Funds created under this Agreement or Supplements hereto, in accordance with the rules and regulations of the Trustees of such Funds, the employees or their representatives, after the proper official of- ficial of the Local Unions shall have given seventy-two (72) hours’ notice to the Company of such delinquency in Health and Welfare or Pension pay- ments payments shall have the right to take such action as they deem necessary until such delinquent payments are made and it is further agreed that in the event such action is taken, the Company shall be responsible to the employees for losses resulting there from.

Appears in 1 contract

Samples: Letter of Agreement

Delinquent Health, Welfare and Pension Contributions. Notwithstanding anything herein contained, it is agreed that in the event the Company is delinquent at the end of a period in the payment pay- ment of its contributions to the Health and Welfare Pension Fund or Funds created under this Agreement or Supplements hereto, in accordance with the rules and regulations of the Trustees of such Funds, the employees or their representatives, after the proper official offi- cial of the Local Unions shall have given seventy-two (72) hours’ notice to the Company of such delinquency in Health and Welfare or Pension pay- ments payments shall have the right to take such action as they deem necessary until such delinquent payments are made and it is further agreed that in the event such action is taken, the Company shall be responsible to the employees for losses resulting there from.

Appears in 1 contract

Samples: Parcel Service Supplemental Agreement

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Delinquent Health, Welfare and Pension Contributions. Notwithstanding anything herein contained, it is agreed that in the event the Company is delinquent at the end of a period in the payment pay­ment of its contributions to the Health and Welfare Pension Fund or Funds created under this Agreement or Supplements hereto, in accordance with the rules and regulations of the Trustees of such Funds, the employees or their representatives, after the proper official of­ficial of the Local Unions shall have given seventy-two (72) hours’ notice to the Company of such delinquency in Health and Welfare or Pension pay- ments payments shall have the right to take such action as they deem necessary until such delinquent payments are made and it is further agreed that in the event such action is taken, the Company Com­pany shall be responsible to the employees for losses resulting there from.

Appears in 1 contract

Samples: Letter of Agreement

Delinquent Health, Welfare and Pension Contributions. Notwithstanding anything herein contained, it is agreed that in the event the Company is delinquent at the end of a period in the payment of its contributions to the Health and Welfare Pension Fund or Funds created under this Agreement or Supplements hereto, in accordance with the rules and regulations of the Trustees of such Funds, the employees or their representatives, after the proper official of the Local Unions shall have given seventy-two (72) hours’ notice to the Company of such delinquency in Health and Welfare or Pension pay- ments payments shall have the right to take such action as they deem necessary until such delinquent payments are made and it is further agreed that in the event such action is taken, the Company shall be responsible to the employees for losses resulting there from.

Appears in 1 contract

Samples: Parcel Service Supplemental Agreement

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