The Form of Bonds. Each bond required shall be in a form approved by the Joint Conference Board and shall be subject to assessment for nonpayment of amounts due for wages, and for sums found to be to the trust funds, including the payment of liquidated damages and interest assessed by the Joint Conference Board, and for employee benefits as provided in Article VI paragraph C of the Southern California Plastering Institute Group Benefit Trust Agreement. A contractor required to post a bond shall do so within ten (10) business days of being required to furnish the bond.
Appears in 6 contracts
Samples: Labor Agreement, Labor Agreement, Labor Agreement
