Bonding Provisions. The Employers and the Local Union shall comply with all provisions under the Bonds/Letters of Credit requirements of Section 6.8, in the Local 130 Master Agreement pertaining to bonds covering monetary obligations of employers (including the "splitting" of bonds/letters of credit at percentages specified under the Master Agreement, Section 6.8 and/or dual obligee bonds under the same Section). The Local Union will respond to reasonable information requests from the Contractors Associations (PCA Midwest, Kankakee & Iroquois Counties Plumbing & Piping Contractors Association, and the West Suburban Association), including the names of employers who have posted Bonds/Letters of Credit, the amount of those Bonds/Letters of Credit and the progress of steps by the Local Union to enforce the bonding provisions of Section 6.8. The required bond/letter of credit amount is listed below for the Residential Service Agreement t: Number of Employees1 Amount of Bond 1-3 $ 21,000 4-7* $ 49,000 8-12 $ 84,000 13-18 $ 126,000 19-25 $ 175,000 26-35 $245,000 36+ $280,000 * Mandatory Bond Required for 7 or more men. Note: Mc-Me shall be included in the bonding. Self-employed owners working with the tools will be considered an employee for the purposes of bonding.
Bonding Provisions. Section 1. Each Individual Employer party hereto shall post a bond, or deposit cash in an equivalent amount to secure the payment of wages, fringe benefits, and other assessments provided for in this Agreement and in the applicable Trust Agreements. Said bond or cash deposit shall be in the amount of twenty thousand dollars ($20,000.00) for any Individual Employer employing an average of ten (10) or fewer employees during the past calendar year; in the amount of forty thousand dollars ($40,000.00) for any Individual Employer employing an average of eleven (11) to twenty (20) employees during the past calendar year; and an additional two thousand dollars ($2,000.00) for each employee over an average of twenty (20) employees employed during the past calendar year.
Bonding Provisions. Watchmen employed as “regular employees” shall be bonded in accordance with the policy of the Employer and shall be considered unqualified if application for bond is denied by the surety company. All Watchmen employed or to be employed shall be free of felony convictions for fraud, dishonesty, or narcotics.
Bonding Provisions. The Employers and the Local Union shall comply with all provisions under the Bonds/Letters of Credit requirements of Section 6.8, in the Local 130 Master Agreement pertaining to bonds covering monetary obligations of employers (including the "splitting" of bonds/letters of credit at percentages specified under the Master Agreement, Section 6.8 and/or dual obligee bonds under the same Section). The Local Union will respond to reasonable information requests from the Contractors Associations (PCA Midwest, Kankakee & Iroquois Counties Plumbing & Piping Contractors Association, and the West Suburban Association), including the names of employers who have posted Bonds/Letters of Credit, the amount of those Bonds/Letters of Credit and the progress of steps by the Local Union to enforce the bonding provisions of Section 6.8. The required bond/letter of credit amount is listed below for the Schedule A Agreement: Number of Employees1 Amount of Bond 1-3 $ 21,000 4-7* $ 49,000 8-12 $ 84,000 13-18 $ 126,000 19-25 $ 175,000 26-35 $245,000 36+ $280,000 * Mandatory Bond Required for 7 or more men. Note: Mc-Me shall be included in the bonding if employees are receiving their health & welfare benefits from the Schedule A. Self-employed owners working with the tools will be considered an employee for the purposes of bonding. Contractors must comply with this new bonding requirement by September 1, 2017.
Bonding Provisions. The Employers and the Local Union shall comply with all provisions under the Bonds/Letters of Credit requirements of Section 6.8, in the Local 130 Master Agreement pertaining to bonds covering monetary obligations of employers (including the "splitting" of bonds/letters of credit at percentages specified under the Master Agreement, Section 6.8 and/or dual obligee bonds under the same Section). The Local Union will respond to reasonable information requests from the Contractors Associations (PCA of Greater Chicago, Kankakee & Iroquois Counties Plumbing & Piping Contractors Association, and the West Suburban Association), including the names of employers who have posted Bonds/Letters of Credit, the amount of those Bonds/Letters of Credit and the progress of steps by the Local Union to enforce the bonding provisions of Section 6.8. The required bond/letter of credit amount is listed below for the Schedule A Agreement: Number of Employees1 Amount of Bond 1-3 $ 21,000 4-7* $ 49,000 8-12 $ 84,000 13-18 $ 126,000 19-25 $ 175,000 26-31 $200,000 32-37 $245,000 38+ $280,000 * Mandatory Bond Required for 7 or more men. (Applies to contractors reporting weekly) Note: Mc-Me shall be included in the bonding if employees are receiving their health & welfare benefits from the Schedule A. Self-employed owners working with the tools will be considered an employee for the purposes of bonding.
Bonding Provisions. All registered watchmen shall be bonded in accordance with the policy of the Employers and shall be considered unqualified if application for bond is denied by the Surety Company. All persons employed or to be employed shall be of such moral character and reputation in the community as to be bondable. The individual shall be free of serious criminal activities resulting in conviction for fraud, dishonesty, or narcotics.
Bonding Provisions. The Employers and the Local Union shall comply with all provisions under the Bonds/Letters of Credit requirements of Section 6.8, in the Local 130 Master Agreement pertaining to bonds covering monetary obligations of employers (including the "splitting" of bonds/letters of credit at percentages specified under the Master Agreement, Section 6.8 and/or dual obligee bonds under the same Section). The Local Union will respond to reasonable information requests from the Contractors Associations (Plumbing Contractors Association of Greater Chicago, Kankakee & Iroquois Counties Plumbing & Piping Contractors Association, and the West Suburban Association), including the names of employers who have posted Bonds/Letters of Credit, the amount of those Bonds/Letters of Credit and the progress of steps by the Local Union to enforce the bonding provisions of Section 6.8. The required bond/letter of credit amount is listed below for the Residential Service Agreement t: Number of Employees1 Amount of Bond 1-3 $ 21,000 4-7* $ 49,000 8-12 $ 84,000 13-18 $ 126,000 19-25 $ 175,000 26-35 $245,000 36+ $280,000 * Mandatory Bond Required for 7 or more men. Note: Mc-Me shall be included in the bonding. Self-employed owners working with the tools will be considered an employee for the purposes of bonding.
Bonding Provisions. All contractors requesting employees shall post a Fidelity or Surety Bond in the amount of twenty thousand dollars ($20,000.00) with the Local before any referrals shall be made to the Employer. This bond shall be held as surety for all wages, benefits. Educational Fund, Etc., as outlined in this Agreement and must remain in effect until termination of all employees and all payments as stated, are satisfied or after one year from initial request for employees, with no default in payments.
Bonding Provisions. In order to work as an active watchmen such watchmen are required to meet the eligibility standards as determined by the Joint Watchmen’s Labor Relation Committee, including all City, State, and Federal requirements. The Committee at random will audit all active watchmen’s credentials.
