Employer default definition

Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is not in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obligations under the repayment agreement.
Employer default means having an outstanding balance or liability to the old fund or
Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer.

Examples of Employer default in a sentence

  • The Employer will pay superannuation contributions to the Employee’s stapled fund unless that Employee chooses for their contributions to go to a different fund or the Employer default fund.

  • Should the Employer default on the payment plan, then Fund Counsel should immediately file a Complaint.

  • The Plan shall be administered: ⌧ By the Employer (default under the Plan) 🞏 By a designated Administrator.

  • Should the Employer default for any reason, the cost of obtaining the Quantity Surveyor’s certificate shall be for the account of the Employer.

  • If the Employee does not have a stapled fund, the Employer default fund HESTA will apply.


More Definitions of Employer default

Employer default means having an outstanding balance or llablllty to the old fund or to the uninsured employers' fund or being In polloy default, aa defined In W, Vo, ⭯odo § 23-2c-2, f11IIL1ro to malntoln m,rndotory workeru' oompon111tlon coverage, or failure to fully meet Its obligations as a workers' compensation aelf-lnaurod omployor. An employer le not In employer default If It hos ontered Into a ropoyment agreement with the Insurance Commlsaloner and remains In compllanco with the obligations under the repayment agreement.
Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code ~ 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is n01in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obfigations under the repayment agreement.
Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default. as defined in W. Va. Code§ 23-2c-2. failure to maintain mandatory workers' compensation coverage, or failure to
Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers'
Employer default means having.an outstanding balanceorliabilityJotheold fund orto the uninsured employers' fund orbeing in policy default, asdefilledin W. Va; Code~. 23-2c-2, failure to maintain mandatory workers' compensation coverage, orfailureto'fullymeet its()b.ligationsasaWorkers~ compensation self-insured employer. An employer is not in employer defaulUf it has enteredint9arepaymenttigreementwith the Insurance Commissioner and remains in compliance with the obligations under the repaymentagn~ement.

Related to Employer default

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Default means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.