Protection of Entitlements Sample Clauses
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. The company has no plans to sell or transfer the ownership of all or part of the operations covered by this Agreement. Nevertheless if the company did decide to sell or transfer the ownership of all or part of the operations, the parties to this Agreement will meet to discuss and 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.
(ii) The Company will make available to the TWU its consolidated annual accounts including the Directors' declaration of solvency and auditor's opinion. In addition, the Chief Executive Officer will advise the Secretary of the TWU (or nominee) of the Company's financial performance on a half yearly basis.
(iii) This clause does not limit the TWU’s ability to negotiate other redundancy arrangements in circumstances which are not covered by subclause (i) of this clause.
Protection of Entitlements. The Company will arrange at its cost, a bank guarantee to ensure that, in the event of the Company becoming insolvent within the meaning of Chapter 5 of the Corporations Act 2001 (Cth) other than for the purposes of corporate reconstruction, all employees are paid all entitlements.
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.
(b) If agreement is reached between the Employer and the majority of employees in accordance with clause 21.2(b) (Facilitation by Majority Agreement) as to an appropriate mechanism or scheme to protect employee entitlements or a mandatory government sponsored scheme be introduced requiring compulsory contributions by the Employer, the Employer’s obligations under paragraph (a) shall cease and the Employer shall:
(i) Participate in the said mechanism or scheme up to a maximum total cost of 1% of the earning base of the employees covered by such mechanism or scheme; and
(ii) Should the contribution to the said mechanism or scheme be less than 1% of the earning base of the employee, contribute the difference between the total of any contribution being made to such mechanism or scheme and/or any legislated contribution and 1% of the earning base of the employee to the Fund to which contributions are made under clause 14.1.
(c) Should a compulsory government scheme be introduced during the term of this Agreement, the Employer will comply with such scheme, commencing at the legislated introduction time. Where contributions under such scheme are less than 1% of the earning base of each employee, paragraph (b)(ii) of this clause applies. Where contributions are in excess of 1% of the earnings base of each employee, the Employer’s obligations under paragraphs (a) and (b) of this clause shall cease.
Protection of Entitlements. Refer to Annexure I
Protection of Entitlements. At the end of the financial year, nominated employee representatives are provided with a financial presentation (after relevant training has occurred) of accrued entitlements and the security of entitlements. This Company will determine the method by which such information is to be provided.
Protection of Entitlements. 18.1 Tycab Australia Pty Ltd acknowledges entitlements of all employees covered by this Agreement. As such Tycab Australia will, if requested in writing, provide funding support for all these entitlements, in the unlikely event of any cash shortfalls, if any payment of entitlements under this Agreement upon redundancy is necessary.
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.
(ii) Leave is reserved for both parties throughout the life of this agreement to negotiate alternative arrangements regarding this clause.