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fifteen (15) days in arrears, provided the Employer has received five (5)
days' written notice to correct such delinquency and has not done so.
18.06 Each Employer bound by the terms of this Agreement agrees that
upon the written authority of the Joint Board of Trustees, of any Jointly
Trusteed Benefit Plan to which the Employer is required to make
contributions, afford the Trustees of the following:
(a) With reasonable cause, the Trustees may appoint an
independent chartered accountant to enter upon the Employer's premises
during regular business hours to perform an audit of the Employer's
payroll records, only with respect to Employer contributions to the required
Employee Benefit Funds, or, at the option of the Employer, he shall direct
his chartered accountant to provide a certified Audited Statement in reply
to questions submitted by the Trustees in this regard.
(b) All fees and costs in connection with the Trustee appointed
auditors shall be borne by the applicable Trust Fund.
(c) Where an Employer opts to direct his chartered accountant to
provide a certified Audited Statement, the cost of such audit shall be
borne by said Employer.
18.07 In the event such audit reveals the Employer has failed to remit
contributions in accordance with the provisions of this Agreement (save
and except technical and/or clerical errors), the Employer shall, within ten
(10) days of receipt of written notice from the Joint Board of Trustees,
conform with the following:
(i) Remit all outstanding contributions to the administrators of all
Trust Funds, plus interest at the rate of five percent (5%) per month on
such delinquent sums.
(ii) Complete and remit supporting contributions report forms as
required by the Trustees.
Master Portion - Provincial ICI
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