Definition Recognition Sample Clauses

Definition Recognition. Section 2.01: The term "Employer" as used herein shall mean a person, firm or corporation having certain qualifications, knowledge, experience and financial responsibility required by everyone desiring to be an employer in the Electrical Construction Industry, whose principal business is electrical contracting, recognizes the terms and provisions of this Agreement and agrees to fulfill the following requirements: (a) Maintain a permanent place of business with a business telephone. (b) Maintain an adequate financial status to meet payroll requirements. (c) Maintain coverage for all employees under Workers' Compensation Insurance with a company authorized to do business in the State of Indiana. (d) Make contributions to the Indiana Unemployment Compensation Commission for all employees. (e) Maintain coverage for all employees under Social Security and such other protective insurance as may be required under Federal or State Laws. (f) Furnish competent and adequate supervision of the work to be performed. (g) Maintain all tools, equipment and vehicles owned by the firm and to be used by or for the employees in a manner as to insure the safety of all employees. (h) Immediately comply with any decision pertaining to the terms of this Agreement which may result from the proper application of the dispute procedure as set forth under Article I of this Agreement. (i) All Employers shall furnish a wage and fringe benefit bond. The wage and fringe benefit bond shall be sufficient to cover the average number of employees employed in the last calendar quarter of the previous year. The maximum bond shall be sixty-five thousand dollars ($65,000) and the minimum bond shall be fifteen thousand dollars ($15,000). This is interpreted as follows: l through 10 employees - $15,000 11 through 50 employees - $40,000 Over 50 employees - $65,000 Satisfactory proof of compliance with the above requirements and qualifications shall be furnished to the Union on request. Failure of an Employer to so comply will be deemed valid and sufficient cause to cancel this Agreement with such Employer after the facts have been determined by the International Office of the Union. Section 2.02: (a) The Employer agrees to recognize the Union as the sole and exclusive bargaining representative of all employees coming within the bargaining unit consisting of all employees in the different employee and work classifications set forth in Section 4.03 hereof for the purpose of collective bargaining with ...