Common use of Financial Difficulties and Payroll Failures Clause in Contracts

Financial Difficulties and Payroll Failures. Where the Producer fails to pay remuneration and benefits in accordance with this Agreement for more than a week, a Director may refuse to perform services until the Producer remedies such default. This does not free the Producer from paying the Director’s Gross remuneration. In such a case the Guild may use the security to pay or have the Director paid. In all cases, even if that producer had provided a production guarantee, the Producer must replenish the bond provided in Articles 19.04 or 19.05 and pay any outstanding remuneration, dues, and contributions before requesting the Director to return to work.

Financial Difficulties and Payroll Failures. ‌ Where the Producer fails to pay remuneration and benefits in accordance with this Agreement for more than a week, a Director may refuse to perform services until the Producer remedies such default. This does not free the Producer from paying the Director’s Gross remuneration. In such a case the Guild may use the security to pay or have the Director paid. In all cases, even if that producer had provided a production guarantee, the Producer must replenish the bond provided in Articles 19.04 or 19.05 and pay any outstanding remuneration, dues, and contributions before requesting the Director to return to work.