Common use of PAYMENTS OF EMPLOYER CONTRIBUTIONS Clause in Contracts

PAYMENTS OF EMPLOYER CONTRIBUTIONS. 14.1 Employer reports covering Contributions on Appendix A and Appendix B are to be remitted to the appropriate Fund Administrators by the fifteenth (15th) day of the month following that in which the hours were worked. Employers who do not report in the foregoing manner will be classified as in default. 14.2 If any Employer is found to be in default in remitting payments required under the Contributions on Appendix A or on Appendix B by the Joint Conference Board, he shall pay the appropriate Trustees as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for each month or part thereof in which he is in default. 14.3 The failure to pay each month shall constitute a separate offence and shall subject the Employer to the ten percent (10%) payment. Thereafter, interest shall run at the rate of two percent (2%) per month on any unpaid arrears, including liquidated damages. 14.4 It shall not be deemed to be a violation of this Agreement for Local Union 71 to withdraw Employees from an Employer found to be in default by the Joint Conference Board.

PAYMENTS OF EMPLOYER CONTRIBUTIONS. ‌ 14.1 Employer reports covering Contributions on Appendix A and Appendix B are to be remitted to the appropriate Fund Administrators by the fifteenth (15th) day of the month following that in which the hours were worked. Employers who do not report in the foregoing manner will be classified as in default. 14.2 If any Employer is found to be in default in remitting payments required under the Contributions on Appendix A or on Appendix B by the Joint Conference Board, he shall pay the appropriate Trustees as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for each month or part thereof in which he is in default. 14.3 The failure to pay each month shall constitute a separate offence and shall subject the Employer to the ten percent (10%) payment. Thereafter, interest shall run at the rate of two percent (2%) per month on any unpaid arrears, including liquidated damages. 14.4 It shall not be deemed to be a violation of this Agreement for Local Union 71 to withdraw Employees from an Employer found to be in default by the Joint Conference Board.

PAYMENTS OF EMPLOYER CONTRIBUTIONS. 14.1 16.1 Employer reports covering Contributions on Appendix A and Appendix B are to be remitted to the appropriate Fund Administrators by the fifteenth (15th) day of the month following that in which the hours were worked. Employers who do not report in the foregoing manner will be classified as in default. 14.2 16.2 If any Employer is found to be in default in remitting payments required under the Contributions on Appendix A or on Appendix B by the Joint Conference Board, he shall pay the appropriate Trustees as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for each month or part thereof in which he is in default. 14.3 16.3 The failure to pay each month shall constitute a separate offence and shall subject the Employer to the ten percent (10%) payment. Thereafter, interest shall run at the rate of two percent (2%) per month on any unpaid arrears, including liquidated damages. 14.4 16.4 It shall not be deemed to be a violation of this Agreement for Local Union 71 to withdraw Employees from an Employer found to be in default by the Joint Conference Board.