TIME AND METHOD OF PAYMENT - DELINQUENT EMPLOYER Sample Clauses

TIME AND METHOD OF PAYMENT - DELINQUENT EMPLOYER. Contributions to the Funds listed below shall be due and payable on or before the tenth (10th) day of each month covering hours worked by each employee through the last payroll period in the prior calendar month. Each Employer shall file a monthly report in the form established by the parties to this Agreement, and such report shall be filed regardless of whether an Employer has employed any employees in the month covered by the report. The funds are: National Electrical Benefit Fund, Southern California IBEW – NECA Pension Fund, Orange County IBEW – NECA Electrical Workers Defined Contribution Plan, Orange County Electrical Industry Health and Welfare Trust Fund, National Electrical Industry Fund, Vacation Fund, Orange County Electrical Joint Apprenticeship and Training Trust Fund, Orange County IBEW – NECA Labor Management Cooperative Trust , National Labor Management Cooperation Fund, IBEW Local Union #441 Dues Deduction, IBEW Education Fund, Electrical Industry Administrative Maintenance Fund, and if applicable, National Electrical Contractors Association service charges. Any Employer who fails to report or to make contributions due to any of the listed Funds before the fifteenth (15th) day of the month in which they are due shall be considered delinquent. The Union may, with 24 hours notice to the delinquent Employer, withdraw the bargaining unit employees in order to protect against further loss until delinquencies are resolved. The Funds shall be entitled to collect from the delinquent employer Liquidated Damages in the amount of 1.5% of any amounts delinquent for 1-31 calendar days. Liquidated Damages shall accrue thereafter at 1.5% of the principal amount per month past due. The Funds may recover from the delinquent employer reasonable collection costs, attorneys’ fees, and interest.
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Related to TIME AND METHOD OF PAYMENT - DELINQUENT EMPLOYER

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