WAITING TIME. A. The parties hereto expressly acknowledge that it is impractical or extremely difficult to fix the nature and extent of the loss to an employee who does not receive his/her pay when it is due. The parties have therefore agreed upon the following liquidated damages, which shall be presumed to be the amount of damages sustained by such a breach of the Agreement. Upon failure of the employer to pay within the stipulated time all waiting time shall be paid for at the rate of straight time at his/her prevailing rate, not to exceed eight (8) hours in twenty-four (24) hour period on a seven (7) day basis. The LMCC may within its discretion, in any individual case, award waiting time for the number of days between the date wages are due and the date said wages are either paid or placed in escrow with the LMCC.
Appears in 5 contracts
Samples: Master Labor Agreement, Master Labor Agreement, Master Labor Agreement
