WAGE AND BENEFIT BOND Sample Clauses

WAGE AND BENEFIT BOND. 10.1 Prior to or within thirty (30) days upon any Employer becoming signatory to this Agreement, all employers must post security in the form of a Surety Bond and ensure said bond remains in full force. Bonding will be required as follows: 1 to 5 employees $15,000.00 6 to 10 employees $20,000.00 11 or more employees $25,000.00
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WAGE AND BENEFIT BOND. Each Contractor paying by check will provide a Wage and Fringe Benefit Bond payable to the employees and/or applicable funds, in an amount at least twice the average weekly payroll for the previous year for the Local Contractors and twice the largest anticipated payroll for the Traveling Contractors. Any payment of delinquent wages, as such, are to be paid from the Bond directly to the Trustees of the affected funds. 3 to 5 persons $ 5,000.00 10 to 15 persons $15,000.00 5 to 10 persons $10,000.00 above 15 persons $25,000.00 In the event payroll for the current year is reduced drastically from previous year, Contractor Bond Requirement, may be reduced by mutual agreement between the Contractor and the Local Union.
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WAGE AND BENEFIT BOND. 11.1 Prior to or immediately upon any employer becoming signatory to the Agreement, all employers must post security in the form of a Surety Bond written by a reputable surety company authorized to do business in this State or a Certificate of Deposit with District Council No. 58 guaranteeing payment of the wages, administrative dues check-off and payment of all contributions to any approved fringe benefit plan which may be obligatory as a result of this Agreement. The Union will consider other forms of security in place of a surety bond on a case by case basis. Surety Bond amounts are as follows: One (1) to five (5) employees $10,000.00 Six (6) or more employees $20,000.00
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WAGE AND BENEFIT BOND. 13.1 Prior to or immediately upon any Employer becoming signatory to the Agreement, all Employers must post security in the form of a Surety Bond in the amount of Fifteen Thousand Dollars ($15,000.00) written by a reputable Surety Company authorized to do business in this State or a Certificate of Deposit with Painters District Council No. 58, guaranteeing payment of the wages, administrative dues check-off and payment of all contributions to any approved fringe benefit plan which may be obligatory as a result of this Agreement.
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Related to WAGE AND BENEFIT BOND

  • PENSION AND BENEFITS 26:01 Employees are eligible to participate in the Pension Plan; Long Term Disability Plan; Group Life and Survivor Income Plan; Dental Care Plan; Extended Health Care Plan; Semi-Private Hospital Accommodation Plan; Joint Membership Plan; and Vision Care Plan, as summarized in Schedules “B” to “I” attached hereto.

  • Salary and Benefits During the term of this Agreement:

  • Insurance and Benefits Company shall allow Executive to participate in each employee benefit plan and to receive each executive benefit that Company provides for senior executives at the level of Executive's position.

  • Pay and Benefits An employee involved in a return to work program will receive pay and benefits as set out below. Employees participating in a return to work program for fifteen (15) hours or more per week are entitled to all the benefits of the agreement, on a proportionate basis, except for medical, extended health and dental plan coverage, which shall be paid in accordance with Article 38. Wage entitlement, when participating in the program, will be consistent with the terms of the agreement and are outlined below:

  • PAY, HOURS AND BENEFITS III.A. WAGES

  • Wages and Benefits Wages, performance-sharing opportunities and benefits as identified in this Section 2 are considered to be ongoing obligations and will terminate at the extended expiration of local agreements, rather than at the expiration of this Agreement.

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