Washington Award Agreement

State:
Multi-State
Control #:
US-EG-9358
Format:
Word; 
Rich Text
Instant download

Description

Award Agreement under the DeCrane Holdings Company Management Incentive Plan between DeCrane Holdings Company and _______ (Optionee) regarding the performance based vesting options to purchase from company dated December 20, 1999. 4 pages.
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FAQ

The ?Statement of Intent to Pay Prevailing Wages? should be ?led immediately after the contract is awarded and before work begins. The intent must be filed online through your Contractor Portal in My L&I.

All prevailing wage requests are submitted directly to the DOL using form ETA 9141. The PERM prevailing wage is defined by the DOL as ?the average wage paid to similarly employed workers in a specific occupation in the area of intended employment?.

Bid opportunities must be advertised (published in the CSCR) for at least 10 working days prior to the bid due date, per Government Code, Section 14827.2. and Public Contract Code, Section 10302.

Statewide contracts are a type of Leveraged Procurement Agreement (LPA), used as one of the state's main procurement vehicles for leveraging its buying power. Most are mandatory for state departments.

This agreement changes the daily overtime pay requirements from work performed over 8 hours per day to work performed over 10 hours per day in a 4-day work week. A 4/10 work agreement is a voluntary agreement entered into by the employee and the employer.

Prevailing Wage is the hourly wage paid to the majority of construction workers in the largest city in each county in Washington State, as determined for each trade by the Department of Labor & Industries (L&I). The General Contractor must display a list of these wages at the jobsite.

The Davis-Bacon "prevailing wage" is the combination of the basic hourly rate and any fringe benefits listed in a Davis-Bacon wage determination.

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Washington Award Agreement