Protection of Entitlements. The Company acknowledges that the protection of employee entitlements is an important issue and a matter of concern to the employees covered by this Agreement. In the event the Company ever decided to sell or transfer the ownership of all or part of these operations, the parties to this Agreement will meet to discuss and to put in place arrangements that protect the security of employees' accrued entitlements.
Protection of Entitlements. The Company will allow a bi-annual audit of accounts, the effect of which is to allow the TWU to be satisfied that accrued employee entitlements (including but not limited to annual leave, long service leave, rostered days off, unpaid superannuation contributions, redundancy entitlements and unpaid wages) are secure. Reasonable costs of the audit will be met by the Company.
Protection of Entitlements. (i) In the event that an Employee's employment is terminated as a result of the administration, provisional liquidation or insolvency of the Company the Employee will be entitled to a redundancy payment of three weeks' pay for each completed year of service with the Company capped at 52 weeks.
Protection of Entitlements. The Employer is agreeable, if so requested, to participate in discussions with the union, including broad industry wide discussions and approaching Federal and State Governments regarding the establishment of appropriate mechanisms or schemes for securing and protection of entitlements of the employees.
Protection of Entitlements. (a) As from 1 January 2008, in addition to the contributions set out in clause 14.1 and subject to paragraph (b) of this sub-clause, the Employer will also make additional contributions on each employee's behalf of 1% of the earning base of the employee to the Fund to which contributions are made under clause 14.1. These payments are in addition to the wages otherwise due to the employee under this Agreement.
Protection of Entitlements. The company will arrange a bank guarantee to cover the redundancy entitlements of employees. The bank guarantee will remain in place until 1' September 2006. The following conditions will apply: * The bank guarantee will be put into place as soon as practicable, on or before 31st January 2004. * The period up to 1st September 2006 will be covered by irrevocable bank guarantees. * The employees covered by this enterprise agreement will be the ultimate beneficiaries of the bank guarantee; and * Upon insolvent administration, the employees will receive payment under the bank guarantee as soon as practicable after the Company ceases trading.
Protection of Entitlements. (i) The Union, with the Company’s full cooperation, may investigate the Company’s viability should the Union suspect that the Company’s financial position is inadequate to meet its obligations regarding its employee entitlements.
Protection of Entitlements. Where requested by Employee Representatives, the Company will arrange for one of its senior financial staff to lead members of the site negotiating committee through the Company’s annual report each year. The main purpose of such a session will be to show employees where leave entitlements are provided for, and to assist with other employee’s queries on the annual report.
Protection of Entitlements. The Employer acknowledges that the protection of employee entitlements is an important issue and a matter of concern to the employees covered by this Agreement. The Employer has no plans to sell or transfer the ownership of all or part of the Xxxxxxxx Operations. Nevertheless, if the Employer did decide to sell or transfer the ownership of all or part of these operations, the parties to this Agreement will meet in order to discuss arrangements in relation to employees' concerns about the impact of any such sale or transfer on the security of employees' accrued entitlements.
Protection of Entitlements. Toll will allow a bi-annual audit of accounts, the effect of which is to allow the TWU to be satisfied that accrued employee entitlements (including but not limited to annual leave, long service leave, rostered days off, unpaid superannuation contributions, redundancy entitlements and unpaid wages) are secure. The reasonable costs of such an audit will be met by Toll.
