WAGE AND BENEFIT GUARANTEE CLAUSE Sample Clauses

WAGE AND BENEFIT GUARANTEE CLAUSE. 36.01 The Union will advise the Employer within seventy-two (72) hours in writing of any delinquency. If the Employer fails to respond within seventy-two (72) hours of receipt of a notification exclusive of Saturday, Sunday and holidays the Union may require a l0% penalty of the amount of the late payment and/or withdraw its members from the Employer without contravening the terms of this Agreement. Should an Employer have been previously in default under the provisions of this clause the Union may require the following:
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WAGE AND BENEFIT GUARANTEE CLAUSE. 35.01 The Union or the Administrator of the appropriate Benefit Plan will advise the Employer within seventy-two (72) hours in writing of any delinquency.

Related to WAGE AND BENEFIT GUARANTEE CLAUSE

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

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