SECURITY FOR PAYMENT OF WAGES Sample Clauses

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. 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.
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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. 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. 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 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 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:
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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. 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. An Employer that has posted a Letter of Credit as above may request that the Letter of Credit be cancelled upon completion of one (1) year of arrears-free operation.
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SECURITY FOR PAYMENT OF WAGES. 40.01 (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.
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SECURITY FOR PAYMENT OF WAGES. 20.01 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. A Company that posted a cash bond as above will have such money returned, with interest, upon completion of six (6) months arrears-free operation.
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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.

  • Arrangements for Payment of GAG and EAG 57) The Secretary of State shall notify the Company at a date preceding the start of each Academy Financial Year of the GAG and EAG figures in respect of each Academy which, subject to Parliamentary approval, the Secretary of State plans for that Academy Financial Year and of the assumptions and figures on which these are based.

  • Payment of Wages Wages will be paid weekly by electronic funds transfer (EFT). The employer shall comply with all provisions in relation to the keeping of time and wage records and production of pay slips in accordance with the Industrial Relations Xxx 0000. Each employee is responsible for the accurate and timely completion and provision of time sheets and production records.

  • Statement of Wages An Employer shall, on every pay day, provide to each employee a statement of wages of her pay period stating:

  • Overpayment of Wages (a) Where the employee has been overpaid all or part of their pay on any occasion they, or the employer, should raise the error immediately.

  • 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.

  • Eligibility for Payment a) i) Except in the case of a disability arising out of an accident, an employee shall be eligible to receive an amount of disability benefit in accordance with Section 3 hereof, for a period not exceeding 52 weeks for any one illness, beginning after three (3) continuous days from the commencement of the disability, or beginning on the first day of hospital confinement as a bed patient, if earlier.

  • 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.

  • Timely Payment of Wages A. When a permanent full-time employee receives no pay warrant on payday, the State agrees to issue a salary advance, consistent with departmental policy and under the following conditions:

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