Common use of Fringe Benefit Security Clause in Contracts

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.

Appears in 2 contracts

Samples: www.agcmichigan.org, www.agcmichigan.org

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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 or bond 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.

Appears in 1 contract

Samples: www.agcmichigan.org

Fringe Benefit Security. Any Employer who does not have an established satisfactory record of payment payments into the Fringe Benefit Fund and any Employer Employers who should become delinquent in the monthly record of fringe benefit Health and Welfare and Pension payments as determined by the Fund Trustees may Administrator shall 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 to guarantee payment of said enumerated fringe benefit fund.Fringe Benefit Funds that are due in accordance with the terms of this Agreement; said certified check to be deposited with the Fund Administrator until:

Appears in 1 contract

Samples: Agreement

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Fringe Benefit Security. Any Employer who does not have an established satisfactory record of payment payments into the Fringe Benefit Funds and any Employer who should become becomes delinquent in the monthly record of fringe benefit Health Care, Pension and/or Vacation payments as determined by the Fund Trustees may Administrator shall 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 to guarantee payment of said enumerated fringe benefit fund.Fringe Benefit Funds that are due in accordance with the terms of this Agreement; said certified check to be deposited with the Fund Administrator until:

Appears in 1 contract

Samples: Agreement

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