VALID SHOP CARD. A. All employers, parties hereto, shall at all times exhibit the official Shop Card of the LMCC. B. On and after the date of signing this Agreement, every employer although a party hereto, must be registered annually through an authorized representative of the LMCC, the following information shall be requested when registering: Firm name, Address, Name of Owner or Owners, State Contractor's License Number, Employer's Social Security Number (both Federal and State), Responsibility Bonds (Article 15, Section 7), Compensation Insurance Carrier, Disability Insurance Carrier, together with official certificate furnished by the carrier made out from said carrier to the LMCC. Said registration shall call for issuance of a numbered Shop Card. Said Shop Card shall be paid annually, subject to the power of the LMCC to suspend or revoke and withdraw said Shop Card for violations. The Shop Card is issued by the LMCC to indicate that the person or firm to whom it is issued is a party to this Agreement. The Shop Card shall be furnished to signatory employers, signing, including members of the Associations which are signatory hereto. C. The Shop Card fee shall be a maximum of Four Hundred ($400.00) dollars and shall be determined annually by the negotiators of this Agreement. The negotiators to this Agreement shall also determine annually that portion of the Shop Card Fee that shall be set aside as a Bond Fee and deposited to the LMCC Bond Fund. That portion not set aside as a Bond Fee shall be deposited to the LMCC as the Shop Card Fee. D. The Employers agree that during the remainder of the term of this Agreement the Negotiators to this Agreement will meet annually to review the LMCC Bond Fund and the LMCC to determine the financial solvency of both Funds and based on their review will establish the Shop Card and Bond Fees for the next Shop Card year. In the event any Negotiator is unable to serve, the body originally selecting that Negotiator will select that Negotiators replacement.
Appears in 5 contracts
Samples: Master Labor Agreement, Master Labor Agreement, Master Labor Agreement
