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:
Appears in 2 contracts
Samples: Masonry Collective Agreement, Masonry Collective Agreement
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:
Appears in 2 contracts
Samples: Lockout Agreement, Lockout Agreement
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) 20,000.00 or Two Thousand Dollars ($2,000.00) 2,000.00 per employee, whichever is greater, for the duration of this Agreement where:
Appears in 1 contract
Samples: Agreement
