Payment of Fringe Benefits Sample Clauses

Payment of Fringe Benefits a. Whenever the minimum wage rate prescribed in the contract for a class of laborers or mechanics includes a fringe benefit which is not expressed as an hourly rate, the contractor or subcontractors, as appropriate, shall either pay the benefit as stated in the wage determination or shall pay another bona fide fringe benefit or an hourly case equivalent thereof. b. If the contractor or subcontractor, as appropriate, does not make payments to a trustee or other third person, he/she may consider as a part of the wages of any laborer or mechanic the amount of any costs reasonably anticipated in providing bona fide fringe benefits under a plan or program, provided, that the Secretary of Labor has found, upon the written request of the contractor, that the applicable standards of the Xxxxx-Xxxxx Act have been met. The Secretary of Labor may require the contractor to set aside in a separate account assets for the meeting of obligations under the plan or program.

Payment of Fringe Benefits. (a) NewAlliance agrees to provide the Executive with continued health, dental, life and disability coverage, pursuant to either the policies currently offered by WBC and Westbank or the policies to be offered by NewAlliance to the Continuing Employees of WBC, until the earlier of thirty (30) calendar months following the Effective Time of the Merger or the Executive’s commencement of full-time employment with a new employer, subject to the terms and conditions of such policies, with the Executive responsible for paying the same share of any premiums, copayments or deductibles as if he was an employee and with the disability and life insurance coverage subject to the maximum coverage limits in the current policies of WBC or Westbank, except as set forth below in this Section 3(a). The health and dental coverage shall include any dependents of the Executive who are covered by WBC or Westbank as of the date of this Agreement and who remain covered by WBC or Westbank as of the Effective Time of the Merger. In the event the Executive’s participation in any such plan is barred, NewAlliance shall arrange to provide the Executive with benefits substantially similar to those which the Executive would otherwise have received under such plans from which his continued participation is barred or pay to the Executive a cash amount equal to the amount NewAlliance would have paid for such coverage if the Executive was still an employee. In addition, notwithstanding the foregoing, if the provision of any of the benefits covered by this Section 3(a) would trigger the 20% tax and interest penalties under Section 409A of the Code either due to the nature of such benefit or the length of time it is being provided, then the benefit(s) that would trigger such tax and interest penalties due to the nature of the benefit shall not be provided at all and the benefit(s) that would trigger the tax and interest penalties if provided beyond the “limited period of time” set forth in the regulations under Section 409A shall not be provided beyond such limited period of time (collectively, the “Excluded Benefits”), and in lieu of the Excluded Benefits NewAlliance shall pay to the Executive, in a lump sum within 30 days following termination of employment or within 30 days after such determination should it occur after termination of employment, a cash amount equal to the amount NewAlliance would have paid for such Excluded Benefits in the absence of Section 409A of the Code. (b) In calcula...

Payment of Fringe Benefits. A. All fringe contributions shall be considered delinquent if postmarked later than the 25th day of the month. All fringe benefits shall be paid monthly by a negotiable check to the Southern California Plastering Institute Trust. In the event the Contractor fails to pay, or is in any way delinquent in paying fringes, or wages, he shall thereafter be required to pay all fringes weekly by certified check, cashier’s check or money order for a period of ninety (90) days for each violation. If a Contractor feels that extenuating circumstances exist in his case he may request the Joint Conference Board at its next called meeting to relieve him of the requirement to make weekly reports and payments of fringe contributions. In order to be eligible to have his case heard by the Joint Conference Board, the Contractor must comply with the timely and complete weekly reporting and payment requirement until his case is heard by the Joint Conference Board. B. In the event the contractor fails to pay or is delinquent in paying wages or fringes, he shall be considered in continuing violation of the Agreement until all wages and fringes are paid to date. If, for a period of ninety (90) days, a Contractor makes all reports and payments of wages and fringes and is not late or delinquent in making such payments on a weekly basis, the JOINT CONFERENCE BOARD may relieve such Contractor of the penalty requirement upon receipt of his written request for relief. C. When a contractor is required to pay weekly, such payments shall be considered delinquent if post-marked later than Monday of the following week. D. In the event of the commencement of any legal, equitable, or administrative action in connection with the collection of delinquent fringe benefit contributions, the Contractor involved shall pay, in addition to the delinquent contributions, all collection costs, including but not limited to attorneys fees, property title search fees, court reporters fees, filing fees, the costs of effecting service of papers, the costs of Trust employee time, and other such expenses the Trusts may incur against such delinquent Contractors. E. All Contractors who issue non-negotiable checks and/or are delinquent in payment of wages or fringes and who are required to post a $7,500.00 cash bond as provided in Article IV shall thereafter pay by cash or certified check for a period of time as determined by the Joint Conference Board.

Payment of Fringe Benefits. An owner-member shall contribute on a minimum of 117 hours per month to all fringe benefit programs under the respective collective bargaining agreement; provided, however, that if the owner-member works with the tools more than the minimum num- ber of hours, he/she shall contribute to all fringe benefit programs for the actual hours worked in accordance with said collective bargaining agreement. This provision is available for up to two owner-members per signatory company. Additional owner-members shall contribute on a mini- mum of 168 hours per month to all fringe benefit programs under the respective collective bar- gaining agreement; provided, however, that if the owner-member works with the tools more than the minimum number of hours, he/she shall contribute to all fringe benefit programs for the actual hours worked in accordance with said collective bargaining agreement.

Payment of Fringe Benefits. The Contractor agrees to contribute to the fringe benefit programs, (i.e., Training & Apprenticeship, Health & Welfare, Pension Fund, Industry Fund and LECET) the sums stated in Article XIII for each hour worked by each employee covered by this Agreement. Reports of employees who have worked, the number of hours that they have been paid and such other data and information as may be required, and all contributions payable to the Funds or Plan shall be transmitted to the offices of the Funds or Plan no later than the fifteenth (15th) day of the month immediately following the calendar month in which the work was performed.

Payment of Fringe Benefits. The following Trust Agreements, which establish the following trust funds, together with any amendments or changes adopted by the Trustees of the respective funds, shall become a part of this Agreement by reference: 1. The Trust Agreement for the Laborers’ Vacation & Holiday Trust Fund—Detroit & Vicinity, dated June 12, 1968; 2. The Trust Agreement for the Michigan Laborers’ Vacation Fund, dated November 1, 1965; 3. The Trust Agreement for the Laborers’ Metropolitan Detroit Health Care Fund, dated October 7, 1973; 4. The Trust Agreement for the Michigan Laborers’ Health Care Fund, dated December 29, 1952; 5. The Trust Agreement for the Laborers’ Pension Trust Fund—Detroit & Vicinity, dated July 9, 1958; 6. The Trust Agreement for the Michigan Laborers’ Pension Fund, dated October 1, 1966 and the Preferred Schedule of the Rehabilitation Plan adopted on January 11, 2010; 7. The Trust Agreement for the Michigan Laborers’ Training & Apprenticeship Fund, dated September 1, 1971; 8. The Trust Agreement for the Michigan Laborers’ & Employers’ Cooperation & Education Trust Fund, dated June 1, 1994; 9. The Trust Agreement for the Laborers’ Annuity Fund, dated June 1, 1996; 10. The Trust Agreement for the Michigan Laborers’ Excess Benefit Plan, dated January 1, 1999. 11. The Trust Agreement for the Detroit & Vicinity Laborers’ Excess Benefit Plan, dated September 1, 1998. The Contractor agrees to be bound by the Trust Agreements establishing the above- referenced Trust Funds and any lawful amendments, rules, regulations, or other requirements relating to the Funds adopted from time to time by the Trustees of the respective funds, provided the same are not in conflict with the terms of this Agreement.

Payment of Fringe Benefits. All fringe benefits, including retirement payment, hospitalization, insurance, etc., shall not be paid by the Luzerne Intermediate Unit Board during such time as an employee is on maternity leave or any unpaid leave of absence. Employees may continue any or all such benefits by remitting the cost of such benefits to the Board on a prepay basis. Payments must be received by the Luzerne Intermediate Unit Board prior to due date of such payment.

Payment of Fringe Benefits. (a) For a period of thirty-six (36) calendar months following the Effective Date of the Merger, Parent agrees to provide health, life and disability coverage pursuant to the policies offered to its employees for the Executive, his spouse and any of his dependents covered by comparable coverage provided by the Company or the Company Bank immediately prior to the Effective Date of the Merger, at the sole expense of Parent. In the event the Executive’s participation in any such plan or program is barred, Parent shall arrange to provide the Executive and his covered dependents, if any, with benefits substantially similar to those which the Executive and his covered dependents, if any, would otherwise have received under such plans and programs from which their continued participation is barred or provide their economic equivalent. (b) Following the third year anniversary of the Effective Date, Parent agrees to provide to the Executive individual coverage under Parent’s group health insurance plan on the same terms as such coverage is provided to executive officers of Parent until the earlier of the Executive attaining age 65 and his obtainment of health insurance coverage from a subsequent employer. At the election of the Executive, the health coverage to be provided to the Executive pursuant to this paragraph shall include coverage for his spouse, provided that the Executive pays the cost of such coverage. (c) For a period of three years after the Effective Date, Parent shall provide the Executive with the continued use of the automobile being provided to him by the Company immediately prior to the Effective Date. At the expiration of such period, the Executive shall have an option for ten (10) Business Days to purchase from Parent the automobile at the then existing book value of the automobile on Parent’s books, with the purchase price to be paid solely by the Executive. (d) For purposes of Section 1 hereof, the benefits to be provided by Parent pursuant to Sections 2(a) through 2(c) above shall be discounted to present value in accordance with Section 280G of the Code. In calculating the value of the benefits to be provided pursuant to Section 2(a) above, the parties agree to assume that the premiums in effect at the Effective Date will increase by 15% per year (10% per year for life and disability coverage) to cover anticipated premium increases over the 36 month period specified in Section 2(a) above. The value of the benefits to be provided by Parent pu...

Payment of Fringe Benefits. Whenever the minimum wage rate prescribed in the contract for a class of laborers or mechanics includes a fringe benefit which is not expressed as an hourly rate, the contractor or subcontractors, as appropriate, shall either pay the benefit as stated in the wage determination or shall pay another bona fide fringe benefit or an hourly case equivalent thereof.

Payment of Fringe Benefits. NPB agrees to provide the Executive with continued health, dental, life and disability coverage pursuant to the policies currently offered by Bank (or comparable policies offered to similarly-situated employees of NPB) until the earlier of eighteen (18) calendar months following the date on which Executive’s employment with CBT is terminated or the Executive’s commencement of full-time employment with a new employer, subject to the terms and conditions of such policies, with NPB paying all premiums and with the Executive responsible for paying the same copayments or deductibles as if he was an employee, except as set forth below in this Section 3. The health and dental coverage shall include any dependents of the Executive who are covered as of the date of this Agreement and who remain covered as of the Effective Date of the Merger. In the event the Executive’s participation in any such plan is barred, NPB shall arrange to provide the Executive with benefits substantially similar to those which the Executive would otherwise have received under such plans from which his continued participation is barred or provide their economic equivalent. In addition, notwithstanding the foregoing, if the provision of any of the benefits covered by this Section 3 would trigger the 20% tax and interest penalties under Section 409A of the Code, then the benefit(s) that would trigger such tax and interest penalties shall not be provided (collectively, the “Excluded Benefits”), and in lieu of the Excluded Benefits NPB shall pay to the Executive, in a lump sum within 30 days following termination of employment or within 30 days after such determination should it occur after termination of employment, a cash amount equal to the economic equivalent of such Excluded Benefits.