Common use of PROTECTION OF EMPLOYEE ENTITLEMENTS Clause in Contracts

PROTECTION OF EMPLOYEE ENTITLEMENTS. The Company accounts to date have demonstrated financial strength, as stated for the public record in the Company’s annual report. The Company will continue to provide in its accounts for the accrued benefits of all employees that it has a present obligation to pay so that employee entitlements can be paid when those entitlements fall due. Accrued benefits will be based on wage rates at the time entitlements are payable.

PROTECTION OF EMPLOYEE ENTITLEMENTS. The Company accounts to date have demonstrated financial strength, as stated for the public record in the Company’s 's annual report. The Company will continue to provide in its accounts for the accrued benefits of all employees that it has a present obligation to pay so that employee entitlements can be paid when those entitlements fall due. Accrued benefits will be based on wage rates at the time entitlements are payable.