SECURITY FOR PAYMENT OF WAGES Sample Clauses

SECURITY FOR PAYMENT OF WAGES. 20.01 The Union agrees that a Company who elects not to participate in the Collective Agreement between the Association and the Union, will be required to sign a Collective Agreement similar in substance to the Association Agreement. 20.02 In the event that there is a default in the payment of wages or where payments to trust funds are over three (3) months in arrears, such delinquent Company will be required to post a cash bond of twenty-five thousand dollars ($25,000.00) which will be jointly administered by the Association and the Union. Such cash bond will be for the purpose of paying any arrears in wages or Trust Fund contributions and such company will maintain such cash bond replenished up to the twenty-five thousand dollar ($25,000.00) level at all times.
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SECURITY FOR PAYMENT OF WAGES. 16.01 The Employer acknowledges that it is to pay its employees weekly in accordance with Article 14. The Employer further acknowledges and agrees that set out in Articles 2, 12, 18, 19 and 21 it is required to pay and remit union dues, vacation pay, welfare, long term care, retiree benefits, pension, CECOF, OPDC, prepaid legal, promotional fund, training fund and industry fund amounts to the Union by no later than the fifteenth (15th) day of the month following that in which work is performed. In the event that there is any default in the payment of wages, benefits or remittances, the Union may demand that such delinquent Employer post a Letter of Credit from a recognized Canadian Bank of fifty thousand dollars ($50,000.00) or such other security as is satisfactory to the Union in the same amount. The Letter of Credit is to be used for the purpose of paying any arrears in wages, vacation pay or any Trust Fund contributions as provided for herein. The Employer will be required to maintain such Letter of Credit replenished up to the fifty thousand dollar ($50,000.00) level at all times.
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SECURITY FOR PAYMENT OF WAGES. The Union agrees that a Company who elects not to participate in the Collective Agreement between the Association and the Union, will be required to sign a Collective Agreement similar in substance to the Association Agreement. A Company that posted a cash bond as above will have such money returned, with interest, upon completion of six months arrears free operation. Upon an Employer failing to pay to the Union or to or on behalf of any of the employees covered by this Agreement, any wages, vacation pay, Union dues, travelling expenses, contributions to Welfare Fund, Training Fund and Pension Fund or any other payments of financial benefits payable to the Union or to or on behalf of the said employees, the following procedure is to be followed:
Sample 1
SECURITY FOR PAYMENT OF WAGES. In the event that there is a default in the payment of wages or where payments to trust funds are over three (3) months in arrears, such delinquent Company will be required to post a cash bond of twenty-five thousand dollars ($25,000.00) which will be jointly administered by the Association and the Union. Such cash bond will be for the purpose of paying any arrears in wages or Trust Fund contributions and such company will maintain such cash bond replenished up to the twenty-five thousand dollar ($25,000.00) level at all times.
Sample 1
SECURITY FOR PAYMENT OF WAGES. (a) The Union may at any time require any Employer bound by this Agreement to pay to the Union a sum of no less than fifty thousand dollars ($50,000.00) or other form of security acceptable to the Union, which sum or security is to be held by it on account of the failure of the Employer to pay to the Union and/or on behalf of any of the employees covered by this Agreement, any wages, vacation pay, union dues, traveling expenses, contributions to the Welfare Fund, Prepaid Legal, Training Fund and Pension Fund, or any other payments or financial benefits payable to the Union and/or on behalf of the said employees in accordance with the terms and conditions of this Agreement.
Sample 1
SECURITY FOR PAYMENT OF WAGES. The Union agrees that a Company who elects not to participate in the Collective Agreement between the Association and the Union, will be required to sign a Collective Agreement similar in substance to the Association Agreement. In the event that there is a default in the payment of wages or where payments to trust funds are over three months in arrears, such delinquent Company will be required to post a cash bond of which will be jointly administered by the Association and the Union. cash bond will be for the purpose of paying any arrears in wages or Trust Fund contributions and such company will maintain such cash bona replenished up to the level at all times. A Company that posted a cash bond as above will have such money returned, with interest, upon completion of six months arrears Upon an Employer failing to pay to the Union or to or on behalf of any of the employees covered by this Agreement, any wages, vacation pay, Union dues, travelling expenses, contri- butions to Welfare Fund, Training Fund and Pension Fund or any other payments of financial benefits payable to the to or on behalf of the said employees, the following procedure is to be followed:
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SECURITY FOR PAYMENT OF WAGES. 14.01 The Employer acknowledges that it is to pay its employees weekly in accordance with Article 5 of Schedule A. The Employer further acknowledges and agrees that set out in Article 2, and Schedule A Articles 3, 7, 8, 10 it is required to pay and remit union dues, vacation pay, welfare, long term care, retiree benefits, pension, CECOF, OPDC, prepaid legal, promotional fund, training fund and industry fund amounts to the Union by no later than the fifteenth (15th) day of the month following that in which work is performed. 14.02 A Demand pursuant to Article 14.01 that any Employer post and/or replenish a Letter of Credit shall be made in writing. The Employer shall, as a condition of performing work covered by the Collective Agreement post or replenish the Letter of Credit within five (5) business days of such demand. 14.03 If the Employer refuses or fails to post or replenish a Letter of Credit, in accordance with Article 14.01 or 14.02 the Union and/or Association may file a grievance and thereafter proceed to arbitration or take any other legal action under the Labour Relations Act against the Employer, to enforce compliance with this Article. 14.04 If an Employer continues to perform work under this Collective Agreement without having posted and/or replenished the Letter of Credit contrary to Article 14.02 above, the Union shall be entitled to general damages in the amount of two hundred and fifty dollars ($250.00) per calendar day for each day until such time as the Employer provides the required Letter of Credit or security, or satisfies the Union or an arbitrator that it has ceased to perform work covered by the Collective Agreement. 14.05 The following procedure is applicable to any Letter of Credit held by the Union. (a) The Union shall advise the Employer in writing of such alleged failure of payment and the Union and the Employer shall forthwith attempt to resolve such dispute. If they are able to agree on the amount due, then the Employer shall make payment of the agreed amount by no later than twenty-four (24) hours after such agreement is reached; (b) In the event the Employer and the Union are unable to agree on the amount owing to the Union and/or to or on behalf of the employees entitled to the same as aforesaid, or in the event of an agreement of the amount due but the Employer fails to pay the said sum as aforesaid, then the Union shall be entitled to pay out of the Letter of Credit to itself and/or to or on behalf of the employees enti...
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Related to SECURITY FOR PAYMENT OF WAGES

  • Security for Payment To secure payment of all obligations due hereunder, the Customer hereby grants to Custodian a continuing security interest in and right of setoff against each Account and all Property held therein from time to time in the full amount of such obligations; provided that, if there is more than one Account and the obligations secured pursuant to this Section can be allocated to a specific Account or the Portfolio related to such Account, such security interest and right of setoff will be limited to Property held for that Account only and its related Portfolio. Should the Customer fail to pay promptly any amounts owed hereunder, Custodian shall be entitled to use available Cash in the Account or applicable Account, as the case may be, and to dispose of Securities in the Account or such applicable Account as is necessary. In any such case and without limiting the foregoing, Custodian shall be entitled to take such other action(s) or exercise such other options, powers and rights as Custodian now or hereafter has as a secured creditor under the New York Uniform Commercial Code or any other applicable law.

  • Payment of Wages With the agreement of the majority of the employees, the company may elect to pay wages weekly by electronic funds transfer (EFT) to up to two accounts of the employee’s choice.

  • Security for Performance In the event that Exhibit A Section 4 indicates the need for Consultant to provide additional security for performance of its duties under this Agreement, Consultant shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.

  • Retiree Benefits – Process for Payment Any bargaining unit nurse who retires and wishes to participate in the benefit plans as outlined in article 17.01(h) will provide advance payment of the benefits either through post-dated cheques provided on a yearly basis or through a preauthorized withdrawal process. It is understood that any transaction would be dated the first of each and every month. The Employer will notify the Union of the benefit costs to retired nurses in January of each year, and each time the benefit costs are renegotiated by the Employer.

  • Security Forms SECTION 201.

  • Responsibility for Payment The Company shall not be responsible for the payment of time used by an employee in the investigation and settlement of a grievance.

  • Offices for Payments, etc So long as any of the Securities remain outstanding, the Issuer will maintain in the Borough of Manhattan, The City of New York, the following for each series: an office or agency (a) where the Securities may be presented for payment, (b) where the Securities may be presented for registration of transfer and for exchange as in this Indenture or any supplemental indenture provided and (c) where notices and demands to or upon the Issuer in respect of the Securities or of this Indenture may be served. The Issuer will give to the Trustee written notice of the location of any such office or agency and of any change of location thereof. Unless otherwise specified in accordance with Section 2.03, the Issuer hereby initially designates the Corporate Trust Office of the Trustee, as the office to be maintained by it for each such purpose. In case the Issuer shall fail to so designate or maintain any such office or agency or shall fail to give such notice of the location or of any change in the location thereof, presentations and demands may be made and notices may be served at the Corporate Trust Office. The Issuer may from time to time designate one or more additional offices or agencies where the Securities of a series may be presented for payment, where the Securities of that series may be presented for exchange as provided in this Indenture and pursuant to Section 2.03 and where the Securities of that series may be presented for registration of transfer as provided in this Indenture, and the Issuer may from time to time rescind any such designation, as the Issuer may deem desirable or expedient; provided, however, that no such designation or rescission shall in any manner relieve the Issuer of its obligation to maintain the agencies provided for in this Section. The Issuer will give to the Trustee prompt written notice of any such designation or rescission thereof.

  • Release for Payment Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit M (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Loan Documents to the Servicer.

  • Payment of Bills Except as otherwise indicated herein or on the Service Order(s), Comcast will invoice Customer in advance on a monthly basis for all monthly recurring Service charges and fees arising under the Agreement. All other charges will be billed monthly in arrears. Customer shall make payment to Comcast for all invoiced amounts within thirty (30) days after the date of the invoice. Any amounts not paid to Comcast within such period will be considered past due. If a Service Commencement Date is not the first day of a billing period, Xxxxxxxx’s next monthly invoice shall include a prorated charge for the Services, from the date of installation to the first day of the new billing. In certain cases, Comcast may agree to provide billing services on behalf of third parties, as the agent of the third party. Any such third-party charges shall be payable pursuant to any contract or other arrangement between Customer and the third party. Comcast shall not be responsible for any dispute regarding these charges between Xxxxxxxx and such third party. Customer must address all such disputes directly with the third party.

  • Basis for Payment DFPS is not obligated to pay unauthorized costs or to pay more than Grantee’s allowable and incurred costs consistent with 45 CFR 75, Subpart E. Grantee is responsible for submitting invoices in an accurate and timely manner for each service period and for notifying DFPS of a need to expedite payment. DFPS will make reasonable efforts to process all bills received in an accurate and timely manner but does not warrant immediate payment.

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