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In the event any Employer, signatory to this Contract, desires to loan any employee covered by this Contract to another Employer signatory to this Contract and such employee consents thereto, then in such case the loaning Employer shall have the following obligations:
(a) To continue the loaned employee on its seniority list.
(b) To credit the loaned employee with shifts worked for vacation pay accrual purposes.
(c) Pay health and welfare premiums.
(d) Pay Pension Fund payments.
(e) Pay for any holidays which may occur during the loan-out period.
(f) The Employee will be notified not later than the first two (2) hours of the last work shift prior to the day on which they will be required to return to the loaning Employer.
The Employer to whom the employee was loaned shall have only the obligation to pay the employee according to the employee's appropriate pay schedule.