Common use of Requirement to Deposit and Maintain Clause in Contracts

Requirement to Deposit and Maintain. (1) Any Employer who has been signatory to a Xxxxx Tenders Agreement with the Union for less than three (3) years shall deposit and maintain with the Union an individual Wage Security Bond for a maximum period of three (3) years, for use in the event such Employer should default on the payment of wages, and/or any Employer contributions, and/or any Employee deductions as required under the terms of this Agreement.

Requirement to Deposit and Maintain. (1) Any Employer who has been signatory to a Xxxxx Tenders Agreement collective agreement with the Union for less than three (3) years shall deposit and maintain with the Union an individual Wage Security Bond for a maximum period of three (3) years, for use in the event such Employer should default on the payment of wages, and/or any Employer contributions, and/or any Employee deductions as required under the terms of this Agreement.

Requirement to Deposit and Maintain. (1) Any Employer who has been signatory to a Xxxxx Tenders Agreement collective agreement with the Union for less than three (3) years shall deposit and maintain with the Union an individual Wage Security Bond for a maximum period of three (3) years, for use in the event such Employer should default on the payment of wages, and/or any Employer contributionsContributions, and/or any Employee deductions Deductions as required under the terms of this Agreement.