Common use of Section Bonding Clause in Contracts

Section Bonding. Should the Company require any employee to give bond, the premium involved shall be paid by the Company. The primary obligation to procure the bond shall be on the Company. If the Company cannot arrange for a bond for an employee within thirty (30) days, they must so notify the employee in writing. Failure to so notify shall relieve the employee of the bonding requirement. If the proper notice is given, the employee shall be allowed thirty (30) days from the date of such notice to make his own bonding arrangements, standard premiums only on said bond to be paid by the Company. A standard premium shall be that premium paid by the Company for bonds applicable to all other of its employees in similar classifications. Any excess premium is to be paid by the employee. Where an employee has been bonded and such bond is cancelled due to circumstances which occurred before the date of bonding, such cancellationwill not be cause for discharge. Ifthe Company institutes a bonding system, present employees who are on the seniority list will not be discharged because of failure to obtain a bond.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Section Bonding. Should the Company require any employee to give bond, the premium involved shall be paid by the Company. The primary obligation to procure the bond shall be on the Company. If the Company cannot arrange for a bond for an employee within thirty (30) days, they must so notify the employee in writing. Failure to so notify shall relieve the employee of the bonding requirement. If the proper notice is given, given the employee shall be allowed thirty (30) days from the date of such notice to make his own bonding arrangements, standard premiums only on said bond to be paid by the Company. A standard premium shall be that premium paid by the Company for bonds applicable to all other of its employees in similar classifications. Any excess premium is to be paid by the employee. Where an employee has been bonded and such bond is cancelled canceled due to circumstances which occurred before the date of the bonding, such cancellationwill cancellation will not be cause for discharge. Ifthe If the Company institutes a bonding system, present employees who are on the seniority list will not be discharged because of failure to obtain a bond.

Appears in 1 contract

Samples: Freight Agreement

Section Bonding. Should the Company require any employee to give bond, the premium involved shall be paid by the Company. The primary obligation to procure the bond shall be on the Company. If the Company cannot arrange for a bond for an employee within thirty (30) days, they must so notify the employee in writing. Failure to Failureto so notify shall relieve the employee of the bonding requirement. If the proper notice is given, given the employee shall be allowed thirty (30) days from the date of such notice to make his own bonding arrangements, standard premiums only on said bond to be paid by the Company. A standard premium shall be that premium paid by the Company for bonds applicable to all other of its employees in similar classifications. Any excess premium is to be paid by the employee. Where an employee has been bonded and such bond is cancelled due to circumstances which occurred before the date of bonding, such cancellationwill cancellation will not be cause for discharge. Ifthe the Company institutes a bonding system, present employees who are on the seniority list will not be discharged because of failure to obtain a bond.

Appears in 1 contract

Samples: Collective Agreement

Section Bonding. Should the Company require any employee to give bond, the premium involved shall be paid by the Company. The primary obligation to procure the bond shall be on the Company. If the Company cannot arrange for a bond for an employee within thirty (30) days, they must so notify the employee in writing. Failure to so notify shall relieve the employee of the bonding requirement. If the proper notice is given, given the employee shall be allowed thirty (30) days from the date of such notice to make his own bonding arrangements, standard premiums only on said bond to be paid by the Company. A standard premium shall be that premium paid by the Company for bonds applicable to all other of its employees in similar classifications. Any excess premium is to be paid by the employee. Where an employee has been bonded and such bond is cancelled due to circumstances which occurred before the date of bonding, such cancellationwill cancellation will not be cause for discharge. Ifthe If the Company institutes a bonding system, present employees who are on the seniority list will not be discharged because of failure to obtain a bond.

Appears in 1 contract

Samples: Collective Agreement

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Section Bonding. Should the Company require any employee to give bond, the premium involved shall be paid by the Company. The primary obligation to procure the bond shall be on the Company. If the Company cannot arrange for a bond for an employee within thirty (30) days, they must so notify the employee in writing. Failure to so notify shall relieve the employee of the bonding requirement. If the proper notice is given, given the employee shall be allowed thirty (30) days from the date of such notice to make his own bonding arrangements, standard premiums only on said bond to be paid by the Company. A standard premium shall be that premium paid by the Company for bonds applicable to all other of its employees in similar classifications. Any excess premium is to be paid by the employee. Where an employee has been bonded and such bond is cancelled due to circumstances which occurred before the date of bonding, such cancellationwill cancellation will not be cause for discharge. Ifthe If the Company institutes a bonding system, present employees who are on the seniority list will not be discharged because of failure to obtain a bond. In the event that a Safety Committee is required by the appropriate Federal or Provincial legislation, the Company will establish such a Committee and pay participating employees at their regular hourly rate for the time required.

Appears in 1 contract

Samples: Collective Agreement

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