Common use of Hold Back Clause in Contracts

Hold Back. The Contractor may hold back an amount not to exceed five percent (5%) of the gross amount earned by the Owner Operator/Dependent Contractor in the first sixty (60) days of employment. Upon completion of employment, satisfactory proof must be furnished to the Contractor that all indebtedness and/or obligations incurred by the Owner Operator/Dependent Contractor in connection with the project on which he is engaged have been discharged. Such holdback will be paid within twenty (20) days of the required proof being given. (Association to provide format of form for reimbursement.)

Hold Back. The Contractor may hold back an amount not to exceed five percent (5%) of the gross amount earned by the Owner Operator/Dependent Contractor in the first sixty (60) days of employment. Upon completion of employment, satisfactory proof must be furnished to the Contractor that all indebtedness and/or obligations incurred by the Owner Operator/Dependent Contractor in connection with the project on which he is engaged have been dischargeddischarge. Such holdback will be paid within twenty (20) days of the required proof being given. (Association to provide format of form for reimbursement.)

Hold Back. The Contractor may hold back an amount not to exceed five percent (5%) of the gross amount earned by the Owner OperatorOwner/Operator Dependent Contractor in the first sixty (60) days of employment. Upon completion of employment, satisfactory proof must be furnished to the Contractor that all indebtedness and/or obligations incurred by the Owner OperatorOwner/Operator Dependent Contractor in connection with the project on which he is engaged have been discharged. Such holdback will be paid within twenty (20) days of the required proof being given. (Association Employer to provide format of form for reimbursement.)