Common use of Payroll Classification Clause in Contracts

Payroll Classification. The Member shall furnish to the Administrator not less than (30) days before coverage is to be provided, an annual estimated payroll by job classification. This estimate shall be adjusted annually by the Administra- tor at the end of each Fund Year to reflect the actual current payroll on the books of the Member. The Member agrees to pay promptly any additional premium which results from this annual adjustment or any audit of such Member’s payroll re- cords upon receipt of an invoice from the Administrator. If following the retirement of any Deficit Amounts there exists a Claims Fund Positive Balance or an Administrative Expense Fund Surplus, the Claims Fund Positive Balance or Admin- istrative Expense Fund Surplus, as the case may be, shall be dealt with in accordance with the provision of Section 12 and Schedule 2. The Group reserves the right to conduct an an- nual audit, or cause its Administrator or designee to conduct an annual audit, of the payroll records of the Member, and the Member hereby agrees to submit to such annual audit when requested to do so by the Group.

Payroll Classification. The Member shall furnish to the Administrator not less than (30) days before coverage is to be provided, an annual estimated payroll by job classificationclas- sification. This estimate shall be adjusted annually by the Administra- tor Administrator at the end of each Fund Year to reflect the actual ac- tual current payroll on the books of the Member. The Member Mem- ber agrees to pay promptly any additional premium which results from this annual adjustment or any audit of such Member’s payroll re- cords records upon receipt of an invoice from the Administrator. If following the retirement of any Deficit Amounts there exists a Claims Fund Positive Balance or an Administrative Expense Fund Surplus, the Claims Fund Positive Balance or Admin- istrative Administrative Expense Fund Surplus, as the case may be, shall be dealt with in accordance with the provision of Section 12 and Schedule 2. The Group reserves the right to conduct an an- nual annual audit, or cause its Administrator or designee to conduct an annual audit, of the payroll records of the Member, and the Member hereby agrees to submit to such annual audit when requested to do so by the Group.