Common use of LATE PENALTY Clause in Contracts

LATE PENALTY. In the event of a late payment by the Company, a penalty of three (3%) percent of gross wages for that week will be paid to an Employee for each week that the payment of wages is deemed to be late. The calculations will begin at the end of the designated payday and continue until the outstanding wages, including penalty, are paid. The penalty can be added to the next paycheque for wages or paid by separate cheque. In the event of a late payment, the Company will immediately notify the Union and crew and begin immediate discussions with the Union. In addition, employees must make sure their timecards are submitted in a timely manner. If the employee has not received their paycheque on a regular pay day, the employee must notify The Company/Employer of such a missing paycheque immediately, but no later than 2 business days after the paycheque was due. Should the employee not submit a timecard and/or report a missing paycheque, in a timely manner, then in such a circumstance, late penalties shall NOT apply.

LATE PENALTY. In the event of a late payment by the Company, a penalty of three (3%) percent of gross wages for that week will be paid to an Employee for each week that the payment of wages is deemed to be late. The calculations will begin at the end of the designated payday and continue until the outstanding wages, including penaltypenalties, are paid. The penalty can be added to the next paycheque for wages or paid by separate cheque. In the event of a late payment, the Company will immediately notify the Union and crew and begin immediate discussions with the Union. In addition, employees must make sure their timecards are submitted in a timely manner. If the employee has not received their paycheque on a regular pay day, the employee must notify The Company/Employer of such a missing paycheque immediately, but no later than 2 business days after the paycheque was due. Should the employee not submit a timecard and/or report a missing paycheque, in a timely manner, then in such a circumstance, late penalties shall NOT apply.apply.‌

LATE PENALTY. In the event of a late payment by the Company, a penalty of three (3%) percent of gross wages for that week will be paid to an Employee for each week that the payment of wages is deemed to be late. The calculations will begin at the end of the designated payday and continue until the outstanding wagesoutstanding, including penalty, are paid. The penalty can be added to the next paycheque pay cheque for wages or paid by separate cheque. In the event of a late payment, the Company will immediately notify the Union and crew and begin immediate discussions with the Union. In addition, employees must make sure their timecards are submitted in a timely manner. If the employee has not received their paycheque paycheck on a regular pay day, the employee must notify The Company/Employer of such a missing paycheque paycheck immediately, but no later than 2 business days after the paycheque paycheck was due. Should the employee not submit a timecard and/or report a missing paychequepaycheck, in a timely manner, then in such a circumstance, late penalties shall NOT apply.