Surety Bond and Insurance. The Employer shall secure and maintain surety bond in the minimum amount of $25,000.00 (twenty-five thousand dollars) to guarantee payment of all wages, fringes and contributions provided for herein and shall furnish to the Union evidence of the procurement and maintenance of bond in such amount.
Surety Bond and Insurance. 9.01 TPA shall furnish to Client evidence of a fidelity bond conditioned on the rendering of a true account by TPA of all moneys, goods or other property that may come into the custody, charge, control or possession of the TPA. Said fidelity bond must cover the dishonest act of the TPA's employees, including, but not limited, to coverage for conversion, theft of moneys, instruments, equipment, software and other tangible and intangible items in an amount not less than Five Million ($5,000,000) dollars per occurrence and Ten Million ($10,000,000) dollars in the aggregate.
Surety Bond and Insurance. The Employer shall secure and maintain surety bond or letter of credit or use a CD as collateral to guarantee payment of all fringes and contributions provided for herein and shall furnish to the Union evidence of the procurement and maintenance of bond or letter of credit or CD in such amount. The number of laborers in the employment of the Employer shall determine the amount of the surety bond or the letter of credit or CD required as follows: 1 to 5 laborers = $ 10,000 6 to 10 laborers = $ 15,000 11 to 20 laborers = $ 20,000 Over 20 laborers = $ 25,000 Should the Employer, at any time, be unable to fulfill this obligation as provided above, the Union shall require such Employer to pay all fringe benefit contributions under Sections 5.03 through 5.08 on a weekly basis. The Union shall advise the General Contractor that these payments have been made and credited to the appropriate funds. A General Contractor shall not be liable for wages or fringe benefits unpaid by a subcontractor (unless mutually agreed upon in writing.)
Surety Bond and Insurance. The PGP Contractor shall fully comply with all bond requirements set forth in the court order establishing pursuant to which it is acting as a public guardian. Additional requirements regarding insurance coverage which the PGP Contractor must maintain appear in Article VII, paragraph 7.1.M below.
