Common use of Payroll Deposit Clause in Contracts

Payroll Deposit. A. In situations where the Union has reason to be concerned over the financial viability of a signatory Employer to this Agreement, other than a signatory to its predecessor, or where a signatory to this Agreement or its predecessor has not met its financial obligations, in order to secure performance, the following shall be applicable:

Payroll Deposit. A. In situations where the Union has reason to be concerned over the financial viability of a new signatory Employer to this Agreement, other than a signatory to its predecessor, or where a signatory to this Agreement or its predecessor has not met its financial obligations, in order to secure performance, the following shall be applicable: