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Owner Operator Section |
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OWNER OPERATOR AGREEMENT EFFECTIVE DATE: I, 1. That this agreement pertains to the vehicle(s) described below: 2. That this agreement is effective as of the date above and is automatically renewed each year or until the termination through written notice. 3. That as an Owner Operator, I am an independent contractor and not an employee. 4. That I have the right to select appropriate equipment in compliance with company standards and maintained in accordance with company standards and the laws of the land. 5. That the equipment described in this agreement is to be contracted out exclusively to OK Transportation Limited during the term of this agreement, any deviation from this makes the contract null and void. 6. That the described equipment will be registered in the name of OK Transportation Limited for licensing purposes only. 7. That the equipment described above will be insured under the coverage of OK Transportation Limited for the term of this agreement. And that the owner operator will be responsible for the premiums (_____% of Gross Revenue) as well as the deductible of $2,500.00 per occurrence. In the event of an accident, your insurance rate will increase by 2% for a twelve month period, then reduces by 1% for the next twelve months and then returns to the current rate. 8. That the Owner Operator will maintain the appearance for the duration of the agreement and agree to identify his vehicle with numbers and decals 9. That the Owner Operator will be responsible for the hiring and firing of all employees (subject to standards set out by the company), as well as decide their remuneration. Should the company request of an Owner Operator that he/she change a driver due to poor performance the Owner Operator will lose the seniority of that vehicle. 10. That the Owner Operator and his employees will be responsible for obeying all applicable laws of the land and for abiding by company policy for the following:
11. Listed below are the required duties and expectations for an Owner Operator and/or his/her employees which will be used by the Company to measure the standard of performance. In order for an Owner Operator to be awarded or given the ability to bid on work they must be in complete compliance with all the items listed below for seniority to be taken into account:
12. That as an Owner Operator, you are responsible for the following costs which may be incurred by the company:
13. That it is understood that there is a $2,500.00 holdback. This holdback to be built up at $250.00 per statement. The holdback will be in place to cover the Owner Operators' deductible. Interest will be paid twice yearly and the holdback will be released 90 days after the termination of this agreement - unless there is a major accident and/or expense outstanding. If at the time of termination of this agreement there is less than $2,500.00 in the holdback, revenues from the last statement will be used to build the holdback to $2,500.00. Upon termination outstanding license refund will be applied to the holdback and remitted to the Owner Operator when the monies are received from the Ministry. 14. The Owner Operator is responsible for billing the company by means of a time sheet. 15. The parties hereto agree that while and so long as this contract is in effect, that OK Transportation Limited shall collect and remit to the Receiver General of Canada all taxes otherwise payable by this sub-contractor under the Goods and Services Tax. The Owner Operator will be responsible for GST on the insurance premium which will be deducted and remitted by the company. The terms of this agreement have been received and accepted by:
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Owner Operator Information Page |