Fringe Benefit Security Sample Clauses

Fringe Benefit Security. The Employer shall deposit with the Trustees of the Michigan BAC Fringe Benefit Funds a bond or a certified check in the sum of Fifty Thousand Dollars ($50,000). The Trustees shall have exclusive control and administration of these monies and shall hold them pursuant to the authority set forth in this Section and for the purposes set forth herein. The Trustees shall have the power following complete review of documented proof, to apply all or a portion of the bond against any delinquency which an Employer permits to occur. The Employer may request reimbursement of remaining bond money credited to the Employer’s account only after all required wage and Funds payments have been made in full and on time and over a three month employment period or in the event the Employer has completed a project and is no longer performing Trowel Trades Local No. 2 work. Prompt reimbursement will be made by the Board following proper documentation from the Employer showing all required wage and Funds payments have been paid. Employers chronically delinquent, as determined by the Funds’ Trustees, must provide additional cash bond deposits at a level sufficient to cover the Employer’s current level of delinquency. The Trustees shall administer all performance bond funds.
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Fringe Benefit Security. Any Employer who does not have an established satisfactory record of payment and any Employer who should become delinquent in the monthly record of fringe benefit payments as determined by the Fund Trustees may be required to post a certified check in an amount to be determined by the Trustees to secure payment of fringe benefit funds payable to the Trustees of said enumerated fringe benefit fund.
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Fringe Benefit Security. Any Employer who does not have an established history of paying fringe benefit contributions in a timely manner shall post with the Fringe Benefit Funds either a certified check or a surety bond in the amount of $ 5,000.00 per employee. The number of employees shall consist of the number of employees expected to perform bargaining unit work on the project. If an agreement is not reached regarding the number of employees subject to this security provision, then the number shall be determined pursuant to the provisions of Article VIII (
Sample 1
Fringe Benefit Security. Any Employer who does not have an established history of paying fringe benefit contributions in a timely manner shall post with the Fringe Benefit Funds either a certified check or a surety bond in the amount of
Sample 1
Fringe Benefit Security. 1. Prior to commencement of any work covered by this Agreement, the Employer will post a surety bond in the amount of $25,000 or will make a $5000 cash deposit with the Fund Administrator to guarantee contributions to be made to the Health & Welfare Fund, the Supplementary Retirement Fund, the Apprenticeship Fund, the IMPACT Fund and the Industry Advancement Fund (Fringe Funds).
Sample 1

Related to Fringe Benefit Security

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • BENEFIT FUND The Trustees are authorized and directed to establish a study committee to review the legality, feasibility and desirability of setting up and maintaining an employee funded Section 125 Flexible Spending Account (FSA). If an FSA is determined to be legal, feasible and desirable in this context, the Trustees are further authorized and directed to establish such an arrangement and offer it to employees covered by this Agreement; provided that the FSA shall not be offered to employees of any Employer who is unwilling or unable to permit employee participation in the FSA.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Group Registered Retirement Savings Plan 9.9.1 The College agrees to implement a group Registered Retirement Savings Plan for participation by employees. For regular employees who wish to participate in the Plan, the College agrees to contribute the total amount of the annual contribution by the fifteenth of the first month of the Benefit Year. The employee shall repay that contribution through payroll deduction in equal instalments throughout the Benefit Year.

  • Sick Leave Benefit There are two types of sick leave benefits. Annual sick leave is the sick leave days credited each year to each employee in accordance with the provisions of the local collective bargaining agreements. Banked sick leave is previously accumulated unused sick leave to which unused annual sick leave may be added at the end of each anniversary year.

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