Common use of WORKING OWNERS Clause in Contracts

WORKING OWNERS. The employer owner(s) may work with their tools provided they report themselves as a full time Journeyman or CE 3 classification and pays all applicable fringe benefits under the appropriate agreement. Contributions must be paid on all hours worked under the terms and conditions of this Agreement. SURETY BOND‌ Each Employer shall furnish a surety bond, or cash equivalent line of credit, in the amount of $1,000.00 per CE and CW until a maximum of $12,000.00, to secure payment of all amounts due on account of payroll and fund deduction, contribution, and reporting obligations of the Employer required by this Agreement. The bond shall provide that it may not be terminated without forty-five (45) days’ prior written notice to the Southwest LMC, Inc. The Southwest LMC, Inc. shall have full power to determine the amount of money due, if any, and shall direct payments of delinquent wages from the Bond directly to the affected employees and direct payments of delinquent fund contributions from the Bond directly to the Trustees of the affected funds or to their designated agents. An Employer who wishes to perform work under the terms of multiple 4th District Regional Agreements may bond at the rate of $20,000.00 at their home region. The bond may be written to cover all regions. By doing so, the Employer may perform work in all four (4) regions. REFERRAL‌

Appears in 2 contracts

Samples: Regional Agreement, Regional Agreement

AutoNDA by SimpleDocs

WORKING OWNERS. The employer owner(s) may work with their tools provided they report themselves as a full time Journeyman or CE 3 classification and pays all applicable fringe benefits under the appropriate agreement. Contributions must be paid on all hours worked under the terms and conditions of this Agreement. SURETY BOND‌ Each Employer shall furnish a surety bond, or cash equivalent line of credit, in the amount of $1,000.00 per CE and CW until a maximum of $12,000.00, to secure payment of all amounts due on account of payroll and fund deduction, contribution, and reporting obligations of the Employer required by this Agreement. The bond Bond shall provide that it may not be terminated without forty-five (45) days’ days prior written notice to the Southwest LMC, Inc. Atlantic Coast Chapter of NECA. The Southwest LMC, Inc. Atlantic Coast Chapter of NECA shall have full power to determine the amount of money due, if any, and shall direct payments of delinquent wages from the Bond directly to the affected employees and direct payments of delinquent fund contributions from the Bond directly to the Trustees of the affected funds or to their designated agents. An Employer who wishes to perform work under the terms of multiple 4th District 0xx Xxxxxxxx Regional Agreements may bond at the rate of $20,000.00 at their home region. The bond may be written to cover all regions. By doing so, the Employer may perform work in all four (4) regions. REFERRAL‌

Appears in 2 contracts

Samples: Regional Agreement, Regional Agreement

WORKING OWNERS. The employer owner(s) may work with their tools provided they report themselves as a full time Journeyman or CE 3 classification and pays all applicable fringe benefits under the appropriate agreement. Contributions must be paid on all hours worked under the terms and conditions of this Agreement. SURETY BOND‌ Each Employer shall furnish a surety bond, or cash equivalent line of credit, in the amount of $1,000.00 per CE and CW until a maximum of $12,000.00, to secure payment of all amounts due on account of payroll and fund deduction, contribution, and reporting obligations of the Employer required by this Agreement. The bond shall provide that it may not be terminated without forty-five (45) days’ prior written notice to the Southwest Central LMC, Inc. The Southwest Central LMC, Inc. shall have full power to determine the amount of money due, if any, and shall direct payments of delinquent wages from the Bond directly to the affected employees and direct payments of delinquent fund contributions from the Bond directly to the Trustees of the affected funds or to their designated agents. An Employer employer who wishes to perform work under the terms of multiple 4th District 0xx Xxxxxxxx Regional Agreements may bond at the rate of $20,000.00 at their home region. The bond Bond may be written to cover all regions. By doing so, the Employer employer may perform work in all four (4) regions. REFERRAL‌.

Appears in 1 contract

Samples: Regional Agreement

WORKING OWNERS. The employer owner(s) may work with their tools provided they report themselves as a full time Journeyman or CE 3 classification and pays all applicable fringe benefits under the appropriate agreement. Contributions must be paid on all hours worked under the terms and conditions of this Agreement. SURETY BOND‌ Each Employer shall furnish a surety bond, or cash equivalent line of credit, in the amount of $1,000.00 per CE and CW until a maximum of $12,000.00, to secure payment of all amounts due on account of payroll and fund deduction, contribution, and reporting obligations of the Employer required by this Agreement. The bond shall provide that it may not be terminated without forty-five (45) days’ prior written notice to the Southwest Central LMC, Inc. The Southwest Central LMC, Inc. shall have full power to determine the amount of money due, if any, and shall direct payments of delinquent wages from the Bond directly to the affected employees and direct payments of delinquent fund contributions from the Bond directly to the Trustees of the affected funds or to their designated agents. An Employer employer who wishes to perform work under the terms of multiple 4th District Regional Agreements may bond at the rate of $20,000.00 at their home region. The bond Bond may be written to cover all regions. By doing so, the Employer employer may perform work in all four (4) regions. REFERRAL‌.

Appears in 1 contract

Samples: Regional Agreement

WORKING OWNERS. The employer owner(s) may work with their tools provided they report themselves as a full time Journeyman or CE 3 classification and pays all applicable fringe benefits under the appropriate agreement. Contributions must be paid on all hours worked under the terms and conditions of this Agreement. SURETY BOND‌ Each Employer shall furnish a surety bond, or cash equivalent line of credit, in the amount of $1,000.00 per CE and CW until a maximum of $12,000.00, to secure payment of all amounts due on account of payroll and fund deduction, contribution, and reporting obligations of the Employer required by this Agreement. The bond shall provide that it may not be terminated without forty-five (45) days’ prior written notice to the Southwest LMC, Inc. The Southwest LMC, Inc. shall have full power to determine the amount of money due, if any, and shall direct payments of delinquent wages from the Bond directly to the affected employees and direct payments of delinquent fund contributions from the Bond directly to the Trustees of the affected funds or to their designated agents. An Employer who wishes to perform work under the terms of multiple 4th District Regional Agreements may bond at the rate of $20,000.00 at their home region. The bond may be written to cover all regions. By doing so, the Employer may perform work in all four (4) regions. REFERRAL‌

Appears in 1 contract

Samples: Regional Agreement

AutoNDA by SimpleDocs

WORKING OWNERS. The employer owner(s) may work with their tools provided they report themselves as a full time Journeyman or CE 3 classification and pays all applicable fringe benefits under the appropriate agreement. Contributions must be paid on all hours worked under the terms and conditions of this Agreement. SURETY BOND‌ Each Employer shall furnish a surety bond, or cash equivalent line of credit, in the amount of $1,000.00 per CE and CW until a maximum of $12,000.00, to secure payment of all amounts due on account of payroll and fund deduction, contribution, and reporting obligations of the Employer required by this Agreement. The bond shall provide that it may not be terminated without forty-five (45) days’ prior written notice to the Southwest LMC, Inc. The Southwest LMC, Inc. shall have full power to determine the amount of money due, if any, and shall direct payments of delinquent wages from the Bond directly to the affected employees and direct payments of delinquent fund contributions from the Bond directly to the Trustees of the affected funds or to their designated agents. An Employer who wishes to perform work under the terms of multiple 4th District 0xx Xxxxxxxx Regional Agreements may bond at the rate of $20,000.00 at their home region. The bond may be written to cover all regions. By doing so, the Employer may perform work in all four (4) regions. REFERRAL‌

Appears in 1 contract

Samples: Regional Agreement

WORKING OWNERS. The employer owner(s) may work with their tools provided they report themselves as a full time Journeyman or CE 3 classification and pays all applicable fringe benefits under the appropriate agreement. Contributions must be paid on all hours worked under the terms and conditions of this Agreement. SURETY BOND‌ Each Employer shall furnish a surety bond, or cash equivalent line of credit, in the amount of $1,000.00 per CE and CW until a maximum of $12,000.00, to secure payment of all amounts due on account of payroll and fund deduction, contribution, and reporting obligations of the Employer required by this Agreement. The bond Bond shall provide that it may not be terminated without forty-five (45) days’ days prior written notice to the Southwest LMC, Inc. Atlantic Coast Chapter of NECA. The Southwest LMC, Inc. Atlantic Coast Chapter of NECA shall have full power to determine the amount of money due, if any, and shall direct payments of delinquent wages from the Bond directly to the affected employees and direct payments of delinquent fund contributions from the Bond directly to the Trustees of the affected funds or to their designated agents. An Employer who wishes to perform work under the terms of multiple 4th District Regional Agreements may bond at the rate of $20,000.00 at their home region. The bond may be written to cover all regions. By doing so, the Employer may perform work in all four (4) regions. REFERRAL‌

Appears in 1 contract

Samples: Regional Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!