SECURITY FOR PAYMENT OF WAGES, ETC. The Union will have the right to require an Employer to provide it with an irrevocable letter of credit a chartered bank in the amount of or per employee, whichever is greater, for the duration of this Agreement where:
SECURITY FOR PAYMENT OF WAGES, ETC. 3.01 In the alternative to the above noted system, where an Employer who is bound to this Agreement has been found to be, or has agreed that it is in violation of the Agreement for the third time, and the damages payable to the Union, its members and/or others on behalf of the Union or its members, with respect to the third breach amount to ten thousand dollars ($10,000.00) or more, the Union may at any time thereafter require the Employer to pay to the Union a sum of no less than one hundred thousand dollars ($100,000.00), in the form of an irrevocable bond or other form of security acceptable to the Union, which sum of security is to be held by the Union on account of the failure of the Employer to pay to the Union or to or on behalf of any of the employees or members of the Union covered by the Agreement, any wages, vacation pay, union dues, travelling expenses, contributions to the various Trust Funds, or any other payments or financial benefits payable to the Union or to or on behalf of the said employees (including damages) in accordance with the terms and conditions of this Agreement. A Committee will be set up to work out a policy on Security for Payment of Wages. This Committee will be comprised of two (2) persons from the Association and two (2) persons from the Union.
3.02 Upon an Employer failing to make any of the payments referred to in Article 3.01 herein, the following procedure is to be followed:
(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 said funds to itself and/or to or on behalf of the employees entitled to the same (including payment of any sums to any Welfare, Vacation Pay, Pension or Training Fund, or any other employee benefit fund) such amounts as may be necessary for this purpose; provided that the Union or any of the said employees or the Trustees of any employee benefit fund herein, first obtains an Award Order, Ju...
SECURITY FOR PAYMENT OF WAGES, ETC. 15.01 Provided that the Agreement of the Association is first obtained, the Union may require any Employer bound by this Agreement, who is new to the industry or who has been repeatedly delinquent in making payments required by this Agreement, to pay to the Union a sum of no less than one hundred thousand dollars ($100,00.00) which shall be in addition to the letter of credit or security required in Article 16, or other form of security acceptable to the Union,
SECURITY FOR PAYMENT OF WAGES, ETC. 24.01 The Union will have the right to require an Employer to provide it with an irrevocable letter of credit from a chartered bank in the amount of Fifty Thousand Dollars ($50,000.00) or Two Thousand Dollars ($2,000.00) per employee, whichever is greater, for the duration of this Agreement where:
(a) The Employer issues an NSF cheque or does not make payments by the fifteenth (15th) of the month following the month in which payment was due for the Welfare Plan, Pension Plan, Prepaid Legal, Health Safety Apprenticeship and Training, Union Dues,
(b) The Employer issues an NSF cheque for wages and vacation pay to employees or employees are not paid by 4:00 p.m. Friday for work preformed during the previous week.
SECURITY FOR PAYMENT OF WAGES, ETC. 24.01 The Union will have the right to require an Employer to provide it with an irrevocable letter of credit from a chartered bank in the amount of $20,000.00 or $2,000.00 per employee, whichever is greater, for the duration of this Agreement where:
(a) the Employer issues an NSF cheque or does not make payments by the 15th of the month following the month in which payment was due for the Welfare Plan, Pension Plan, Prepaid Legal, Health Safety Apprenticeship and Training, Union Dues and Working Dues, or
(b) the Employer issues an NSF cheque for wages and vacation pay to employees or employees are not paid by 4:00 p.m. Friday for work preformed during the previous week. Upon the Employer being notified in writing of the amount of any payment made from such letter of credit, the Employer shall provide an additional letter of credit in an amount equal to the amount so paid out, within a period of five (5) working days of receipt of such written notification.
SECURITY FOR PAYMENT OF WAGES, ETC. The Union may at any time require any Employer bound by this Agreement to pay to the Union a sum of no less than two hundred and fifty thousand dollars ($250,000.00) 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 or to or on behalf of any of the employees covered by this Agreement, any wages, vacation pay, Union dues, travelling expenses, contributions to the Welfare Fund, Training Fund and Pension Fund, or any other payments or financial benefits payable to the Union or to or on behalf of the said employees in accordance with the terms and conditions of this Agreement. The Union shall hold the security for payment of wages for a period of not less than two (2) years.
SECURITY FOR PAYMENT OF WAGES, ETC. In the alternative to the above noted system, where an Employer who is bound to this Agreement has been found to be, or has agreed to it is, in violation of the Agreement for the third time, and the damages payable to the Union, its members and/or others on behalf of the Union or its members, with respect to the third breach amount to ten thousand dollars ($10,000.00) or more, the Union may at any time thereafter require the employer to pay to the union a sum of no less than one hundred thousand dollars ($100,000.00), in the form of an irrevocable bond or other form of security acceptable to the Union, which sum of security is to be held by the Union on account of the failure of the Employer to pay to the Union or to or on behalf of any of the employees or members of the Union covered by the Agreement, any wages, vacation pay, union dues, travelling expenses, contributions to the various Trust Funds, or any other payments or financial benefits payable to the union or to or on behalf of the said employees (including damages) in accordance with the terms and conditions of this Agreement. A Committee will be set up to work out a policy on Security for Payment of Wages. This Committee will be comprised of two (2) persons from the Association and two (2) persons from the Union.
SECURITY FOR PAYMENT OF WAGES, ETC. Provided that the Agreement of the Association is first obtained, the Union may require any Employer bound by this Agreement, who is new to the industry or who has been repeatedly delinquent in making payments required by this Agreement, to pay to the Union a sum of no less than one hundred thousand dollars ($lOO,OOO.OO) 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 or to 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, Training Fund and Pension Fund, or any other payments or financial benefits payable to the Union or to or on behalf of the said employees in accordance with the terms and conditions of this Agreement. A Committee will be set up to work out a policy on Security for Payment of Wages, This Committee will comprise of two (2) persons from the
SECURITY FOR PAYMENT OF WAGES, ETC. 15.01 Provided that the Agreement of the Association is first obtained, the Union may require any Employer bound by this Agreement, who is new to the industry or who has been repeatedly delinquent in making payments required by this Agreement, to pay to the Union a sum of no less than one hundred thousand dollars which sum or security is to be held by it on account of the failure of the Employer 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 , contribution s to the Welfare Fund, Training Fund and Pension Fund, or any other payments or financial
SECURITY FOR PAYMENT OF WAGES, ETC. 13.01 Provided that the Agreement of the Association is first obtained, the Union may require any Employer bound by this Agreement, who is new to the industry or who has been repeatedly delinquent in making payments required by this Agreement, to pay to the Union a sum of no less than one hundred thousand dollars ($100,00.00) which shall be in addition to the letter of credit or security required in Article 14, 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 or to or on behalf of any of the employees covered by this Agreement, any wages, vacation pay, union dues, travelling expenses, contributions to the Welfare Fund, Training Fund and Pension Fund, or any other payments or financial benefits payable to the Union or to or on behalf of the said employees in accordance with the terms and conditions of this Agreement. A Committee will be set up to work out a policy on Security for Payment of Wages. This Committee will consist of two (2) persons from the Association and two (2) persons from the Union.
13.02 Upon an Employer failing to make any of the payments referred to in Schedule “A”, the following procedure is to be followed:
(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 each 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
