Common use of Financial Difficulties and Payroll Failures Clause in Contracts

Financial Difficulties and Payroll Failures. 21.9 (a) Should the Employer become tardy or delinquent in the payment of wages, or operate in receivership or bankruptcy or under the supervision of a creditor’s committee, or undertake the liquidation of its business, or otherwise become involved in financial difficulties, the Employer shall, upon demand by the Union, if not prohibited by law or court order, pay the Employees on a daily basis. If the Employees are not paid within seven

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, 2018 Collective Agreement

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