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 S 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.

Examples of Employer default in a sentence

  • Any expenditure incurred in anticipation of the performance of the Services, provided however that the MSI has used its reasonable endeavors to mitigate the losses, costs, claims and expenses incurred, as a result of the termination of the Contract due to a Employer default (as set out in GCC Clause 18 b), to the extent that such losses, costs, claims and expenses are or may be incurred in connection with the performance of the Services.

  • Employer default contributions go into a MySuper product – which can only have one investment option – unless the consumer chooses another investment option (Select Investment Options).

  • If NGS Super is the Employer default fund and you join when first eligible, then regardless of age or physical condition, you will be granted an immediate default level of insurance which covers you in the event of death, total and permanent disablement and when you are unable to work in certain circumstances.

  • If existing REST Super or REST Select cover for Death and TPD is greater than the entitled salary based REST Corporate cover, the member must receive salary based cover up to the plan / employer default insurance cover (i.e. Employer default is 15% of Salary).

  • This limits the deleterious reaction which occurs between ferrous iron and hydrogen peroxide known as the Fenton reaction which produces the highly damaging hydroxyl radical.

  • All Tax documents should bear the name and address of the Company’s works where the material is to be delivered along with the relevant GST number, failing which the Company shall have the right to return material or recover the cost incurred for such noncompliance.

  • Since a Honeypot's operation includes quiet detection, the programme logs the user's IP address so that the administrator may later analyse it and identify the malicious party.Finally, they may effectively sit and log every activity that enters the cloud site.

  • Markey National Courts Building to ensure the health and safety of court personnel and those doing business with the court.

  • Should an Institutional Not-for-profit League Member Employer default in payments of compensation or benefits to or on behalf of Designer, the Union shall give prompt notice thereof to the Employer and to the League.

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


More Definitions of Employer default

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.
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
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

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Purchaser Default has the meaning set forth in Section 12.2 (a).

  • Default means any event which is, or after notice or passage of time or both would be, an Event of Default.

  • Servicer Default means an event specified in Section 8.01.

  • Terminating Event means any of the following events:

  • Funding Default as defined in Section 2.21.

  • Lender Default means (i) the refusal (which may be given verbally or in writing and has not been retracted) or failure of any Lender to make available its portion of any incurrence of revolving loans or reimbursement obligations required to be made by it, which refusal or failure is not cured within two Business Days after the date of such refusal or failure; (ii) the failure of any Lender to pay over to the Administrative Agent, any L/C Issuer or any other Lender any other amount required to be paid by it hereunder within two business days of the date when due, unless subject to a good faith dispute; (iii) a Lender has notified the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations, or has made a public statement to that effect with respect to its funding obligations, under the Revolving Credit Facility or under other agreements generally in which it commits to extend credit; (iv) a Lender has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with its funding obligations under the Revolving Credit Facility; or (v) a Lender has admitted in writing that it is insolvent or such Lender becomes subject to a Lender-Related Distress Event or a Bail-in Action. Any determination by the Administrative Agent that a Lender Default has occurred under any one or more of clauses (i) through (v) above shall be conclusive and binding absent manifest error, and the applicable Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice of such determination to the Borrower, each L/C Issuer, each Swing Line Lender and each Lender.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Company Termination Event means any of the following:

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.