WAGE AND BENEFIT BOND Sample Clauses

WAGE AND BENEFIT BOND. 10.1 Prior to or within thirty (30) days upon any Employer becoming signatory to this Agreement, all employers must post security in the form of a Surety Bond and ensure said bond remains in full force. Bonding will be required as follows: 1 to 5 employees $15,000.00 6 to 10 employees $20,000.00 11 or more employees $25,000.00
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WAGE AND BENEFIT BOND. 13.1 Prior to or immediately upon any Employer becoming signatory to the Agreement, all Employers must post security in the form of a Surety Bond in the amount of Fifteen Thousand Dollars ($15,000.00) written by a reputable Surety Company authorized to do business in this State or a Certificate of Deposit with Painters District Council No. 58, guaranteeing payment of the wages, administrative dues check-off and payment of all contributions to any approved fringe benefit plan which may be obligatory as a result of this Agreement.
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WAGE AND BENEFIT BOND. 11.1 Prior to or immediately upon any employer becoming signatory to the Agreement, all employers must post security in the form of a Surety Bond written by a reputable surety company authorized to do business in this State or a Certificate of Deposit with District Council No. 58 guaranteeing payment of the wages, administrative dues check-off and payment of all contributions to any approved fringe benefit plan which may be obligatory as a result of this Agreement. The Union will consider other forms of security in place of a surety bond on a case by case basis. Surety Bond amounts are as follows: One (1) to five (5) employees $10,000.00 Six (6) or more employees $20,000.00
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WAGE AND BENEFIT BOND. Each Contractor paying by check will provide a Wage and Fringe Benefit Bond payable to the employees and/or applicable funds, in an amount at least twice the average weekly payroll for the previous year for the Local Contractors and twice the largest anticipated payroll for the Traveling Contractors. Any payment of delinquent wages, as such, are to be paid from the Bond directly to the Trustees of the affected funds. 3 to 5 persons $ 5,000.00 10 to 15 persons $15,000.00 5 to 10 persons $10,000.00 above 15 persons $25,000.00 In the event payroll for the current year is reduced drastically from previous year, Contractor Bond Requirement, may be reduced by mutual agreement between the Contractor and the Local Union.
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Related to WAGE AND BENEFIT BOND

  • PENSION AND BENEFITS 26:01 Employees are eligible to participate in the Pension Plan; Long Term Disability Plan; Group Life and Survivor Income Plan; Dental Care Plan; Extended Health Care Plan; Semi-Private Hospital Accommodation Plan; Joint Membership Plan; and Vision Care Plan, as summarized in Schedules “B” to “I” attached hereto.

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  • Salary and Benefits During the term of this Agreement:

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  • Recoupment of Wage and Benefit Overpayments (a) In the event that an employee receives wages or benefits from the Agency to which the employee is not entitled, regardless of whether the employee knew or should have known of the overpayment, the Agency shall notify the employee in writing of the overpayment which will include information supporting that an overpayment exists and the amount of wages and/or benefits to be repaid.

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