Common use of Monies Held in Trust Clause in Contracts

Monies Held in Trust. The Company shall make available to the Union upon request all documentation related to monies held in trust on behalf of employees and the Union shall have a right to conduct an audit upon reasonable notice to the Controller during accounting office hours. A copy of the monthly accruals on behalf of employees for sick leave, holiday pay, gratuities or other employees monies accrued shall be forwarded to the Union Office upon request within the next payroll period.

Monies Held in Trust. The Company shall make available to the Union upon request all documentation related to monies held in trust on behalf of employees and the Union shall have a right to conduct an audit upon reasonable notice to the Controller during accounting office hours. A copy of the monthly accruals on behalf of employees for sick leave, holiday pay, gratuities or other employees monies accrued shall be forwarded to the Union Office office upon request within the next payroll period.