WAGE BOND Sample Clauses

WAGE BOND. 20.01 The Union may require Contractors who sign this Collective Agreement, other than the signatory contractors who were members of CLR-A as of March 26, 1997, to post a wage bond of thirty thousand dollars ($30,000.00) where the Union feels it is necessary for the protection of its members. This Article is not applicable on new construction projects.
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WAGE BOND. Before members are dispatched to any Employer who has not been signatory to The Pile Drivers Standard Agreement for a minimum of two (2) years, such Employer may be required to deposit a bond, suitable to the Union, up to twenty-five thousand dollars ($25,000.00) with the Pile Drivers Union for use in default of payment of wages, welfare contributions, vacation pay, statutory holiday pay, or any other contributions or payments provided by The Pile Drivers Standard Agreement. When no longer required, such bond shall, by mutual consent of the Union and the Employer concerned, be terminated. CLAUSE 7 - HOURS OF LABOUR, SHIFTS AND CALL-OUT TIME
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WAGE BOND. 24.01 Before Union members are dispatched to any Employer who has not been signatory to a UA Agreement in British Columbia for a minimum of two (2) years, such Employer may be required to deposit a bond suitable to the Union, up to a maximum of one thousand dollars ($1,000.00) per Employee and a total maximum of fifteen thousand dollars ($15,000.00) with the BC Pipe Trades Association for use in default of payment of wages, pension contributions, welfare contributions, vacation pay, Statutory Holiday pay, or any other contributions provided by the Collective Agreement. When no longer required, such bond, by mutual consent of the Union and the Employer concerned, shall be terminated, but where mutual consent cannot be achieved, the matter shall be subject to the Arbitration Procedure provided in Articles 18 and 19.
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WAGE BOND. 24.01 The Union may require contractors who sign this Collective Agreement, other than the signatory contractors who were members of CLR-A as of March 26, 1997, to post a wage bond of $30,000 where the Union feels it is necessary for the protection of its members. SIGNATORY PAGE SIGNED THIS day of , 2005, CONSTRUCTION LABOUR RELATIONS - INTERNATIONAL UNION OF AN ALBERTA ASSOCIATION - BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL UNION #1 EDMONTON C.L.R.- A. President (SEAL) President, Local Union #1 Business Manager or Agent, Local Union #1 (SEAL) INTERNATIONAL UNION OF BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL UNION #2 CALGARY President, Local Union #2 Business Manager or Agent, Local Union #2 (SEAL) COLLECTIVE AGREEMENT REFRACTORY BRICKLAYERS - MAINTENANCE between Construction Labour Relations, an Alberta Association as Agent for and on behalf of: Xxxxxxxx Refractories Ltd. RHI Canada Inc. Western Refractory Services Ltd. Canadian Xxxxxxxx Engineering & Manufacturing Co. Ltd. Alliance Refractories Ltd. Technical Acid Construction (T.A.C.) West Ltd. Jen-Spec Refractories Ltd. and Local Union #1 Edmonton and its Members Local Union #2 Calgary and its Members of The International Union of Bricklayers and Allied Craftworkers, May 1, 2005 to April 30, 2007 May 17, 2004 TABLE OF CONTENTS ARTICLE ONE - OBJECT 2 ARTICLE TWO - SCOPE & GEOGRAPHICAL JURISDICTION 2 ARTICLE THREE - RECOGNITION 2 ARTICLE FOUR - DURATION OF AGREEMENT 3 ARTICLE FIVE - WAGES 3 ARTICLE SIX - PAYMENT CONDITIONS 5 ARTICLE SEVEN - HOURS OF WORK, SHIFTS AND OVERTIME 6 ARTICLE EIGHT - HOLIDAYS AND VACATIONS 8 ARTICLE NINE - LOCAL RESIDENT PREFERENCE 9 ARTICLE TEN - HEALTH & WELFARE AND PENSION 9 ARTICLE ELEVEN - WORKING CONDITIONS 11 ARTICLE TWELVE - JOINT EMPLOYER SAFETY PROGRAM 13 ARTICLE THIRTEEN - TRANSPORTATION 13 ARTICLE FOURTEEN - ROOM & BOARD 15 ARTICLE FIFTEEN - JURISDICTIONAL DISPUTES 15 ARTICLE SIXTEEN - PROHIBITION OF STRIKES OR LOCKOUTS 16 ARTICLE SEVENTEEN - GRIEVANCE PROCEDURE 16 ARTICLE EIGHTEEN - JOINT LABOUR MANAGEMENT COMMITTEE 17 ARTICLE NINETEEN - UNION RIGHTS 18 ARTICLE TWENTY - DUTIES OF MANAGEMENT 19 ARTICLE TWENTY-ONE - EMPLOYER BARGAINING AGENT CONTRIBUTIONS 20 ARTICLE TWENTY-TWO - FILING COPIES 20 ARTICLE TWENTY-THREE - SAVING CLAUSE 20
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WAGE BOND. June 2021
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Related to WAGE BOND

  • Performance Bond and Payment Bond The Contractor shall furnish both a performance bond and a payment bond in the exact form set forth in Section 7, (Forms) of these General Conditions.

  • Performance Bond Unless otherwise prohibited by law, the Department may require the Contractor to furnish, without additional cost to the Department, a performance bond or irrevocable letter of credit or other form of security for the satisfactory performance of work hereunder. The Department shall determine the type and amount of security.

  • Payment Bond PURCHASER shall furnish an acceptable payment bond or blanket payment bond to STATE as guarantee for payment for timber. Payment bonds may be in the form of surety bonds, cash, cashier's or certified check, money order, assignment of surety, irrevocable letters of credit, or other securities as determined acceptable by the State Forester. Surety bonds must be written by a surety company authorized to do business in the State of Oregon, on a form provided by STATE. The bonds shall be in an amount at least equal to the value of timber estimated to be removed during a one-month plus 15-day billing period as determined by STATE. In any event, the amount shall not be less than one installment payment as specified in Section 42. Under a payment bond, PURCHASER may remove timber for a 30-day period, after which time, payment becomes due and owing. PURCHASER shall make cash payment within 15 days following the end of the monthly period. Upon payment for timber removed in the monthly period, the payment guarantee may be applied as a guarantee for a subsequent period. A blanket payment bond shall be in an amount at least equal to the value of the timber estimated to be removed from all contracts covered by the blanket payment bond during a one-month plus 15-day billing period as determined by STATE. PURCHASER shall obtain and furnish STATE with a written consent of surety on forms provided by STATE for coverage of any contracts to which the blanket payment bond may apply. In no event shall PURCHASER remove timber with a value greater than the amount of the payment guarantee.

  • Insurance & Bonding The Subrecipient shall carry sufficient insurance coverage to protect contractor's assets from loss due to theft, fraud and/or undue physical damage, and as a minimum, shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 2 CFR 200.304.

  • Floating Rate Notes If this Note is specified on the face hereof as a “Floating Rate Note”:

  • Covenant to Secure Notes Equally The Company covenants that, if it or any Subsidiary shall create or assume any Lien upon any of its property or assets, whether now owned or hereafter acquired, other than Liens permitted by the provisions of paragraph 6B(1) (unless the prior written consent to the creation or assumption thereof shall have been obtained pursuant to paragraph 11C), it will make or cause to be made effective provision whereby the Notes will be secured by such Lien equally and ratably with any and all other Debt thereby secured so long as any such other Debt shall be so secured.

  • Blanket Bond If Purchaser furnishes an acceptable bond, or deposits securities, in accordance with B4.3, to guarantee payment for timber from this and other timber sales within the same National Forest, the amount of such bond or deposited securities shall be al- located to such timber sales by Forest Service. When there is to be no timber cutting hereunder for 30 days or more and payment of current charges has been made, the allocation to this timber sale shall be reallocated to other timber sales at Purchaser’s request. Purchaser shall not start cutting hereunder until this timber sale re- ceives an allocation that will meet the obligation for pay- ment guarantee.

  • Purchase of Notes By Principal Life Principal Life may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time. Simultaneously, upon such purchase, (1) the purchased Notes shall, by their terms become mandatorily redeemable by the Trust as specified in the related Pricing Supplement, Prospectus Supplement and/or Prospectus and (2) the Fund under this Agreement shall be permanently reduced by the same percentage as the principal amount of the Notes so redeemed bears to the sum of (i) the aggregate principal amount of all Notes issued and outstanding immediately prior to such redemption and (ii) the principal amount of the Trust Beneficial Interest related to such Notes. If Principal Life, in its sole discretion, engages in such open market or other purchases, then the Trust, the Indenture Trustee in respect of such Notes, and Principal Life shall take actions (including, in the case of Principal Life, making the payment(s) necessary to effect the Trust’s redemption of such Notes) as may be necessary or desirable to effect the cancellation of such Notes by the Trust.

  • Date and Denomination of Notes; Payments of Interest The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

  • Additional Security Deposit No additional security deposit shall be required in connection with this Amendment.

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