Hi I am new to expediters and I need some help I got approved with panther and got a contract yesterday from a fleet owner I don't know anything about being a independent contractor can someone go over what that is. also can you look at this contract and email me at [email protected] and let me know if it is a good contract or not
and can you go over how much I will make and how the pay works thanks.
INDEPENDENT CONTRACTOR CONTRACT
Date of Contract ____________________________
I, _________________________ hereby agree to lease/operate truck, unit # _______ from
as of the date shown above. I understand and agree that I will be considered an Independent
Contractor (IC), not an employee. I also agree to all of the below listed conditions and restrictions of this
contract.
INSURANCE
*Independent Contractor (herein after referred to as IC) has the responsibility to obtain and pay for all
occupational insurance required by Panther. IC will have $25.83 deducted from their pay per week to cover
this insurance. (Amount subject to change by Panther.)
*IC will be responsible for 100% of the deductible required by accident insurance. will
hold escrow funds in the amount of $1000 per team to cover the deductible in the event of an accident. A
payroll deduction of $25 per week will be taken until the escrow amount is fulfilled. This escrow amount
will be returned in full if IC does not have any accidents/incidents and when contract with
is terminated as set forth below.
* does not offer health insurance, but IC can purchase it through Panther's insurance
company.
CONDUCT AND REQUIREMENTS
*IC needs a Class B license with a hazardous materials and air brake endorsement.
*IC must submit to random drug tests as required by Panther or as requested by LLC.
*IC must keep truck clean, well maintained, and current with D.O.T. safety regulations. Condition of truck
should, at all times, represent a quality reputation for our team.
*All mechanical problems are to be immediately reported to . No
unauthorized repairs will be reimbursed.
*IC is responsible for the cost of any tickets resulting from traffic or safety violations.
*IC is responsible for the maintenance of all fluids necessary for daily operation of unit; i.e. oil, power
steering fluid, windshield washer fluid, anti-gel fluid when engine will be off in the cold, etc.
Express will pay for the fluids as long as receipts are submitted. IC is expected to inspect the truck on a
daily basis. THIS IS A MUST!
*IC is responsible for submitting all toll receipts to via mail on a weekly basis.
*IC is expected to run loads on time for pickup and delivery, 100% of the time. IC is 100% responsible for
any charges incurred due to late delivery or pickup.
*IC agrees to immediate termination for misconduct as determined by .
*IC must pay federal and state taxes and state unemployment on their earnings. IC will be sent a 1099 by
January 31st as required by law.
*IC is wholly responsible for any damage to items in the truck or to the truck itself. The following items are
in the truck: _5__ load bars, _8__ straps, _8__ blankets, safety triangles, fire extinguisher, color TV/DVD
player, microwave, toolbox, jumper cables, chains and refrigerator.
*IC must keep the truck locked at all times when away from the truck.
*Truck cannot be used for personal use, unless authorized by .
*IC must have their own cell phone approved by Panther.
*If any false information is given to or Panther, it will be grounds for immediate
termination.
*Home time is to be agreed on between the IC and . If IC is not available for loads on
the agreed upon return date, IC will be charged $100 per day until available. If IC is off more than 5 nights
at a time, the pay owed will be held until the next pay period.
*IC must give a two week notice to resign. If no notice is given, all funds due IC are forfeited. The IC
must resign by phone and by fax. The IC must keep themselves in service for the full two weeks, or the IC
will be in violation of this contract. Once the two weeks are up, or before if requests,
the truck must be brought to Panther or other designated location immediately. If the IC is terminated by
the truck must be brought to Panther or other designated location immediately. In
either case, the truck must be brought to the location specified by , and must be clean
inside and out. If the truck is not clean the IC will be charged a $500 cleaning fee. The truck and all items
inside the truck must be in the same condition they were in when this contract was signed. If
has to send someone to get the truck, the IC will be charged $2.00 per mile both ways. If the
contract is not adhered to, deductions will come out of the IC's final pay or escrow reserve.
IC agrees to operate said unit for 16 weeks beginning on the date the unit is placed in service. IC agrees
to stay out at least 3 weeks at a time. IC agrees to accept all loads offered by Panther. If the load seems
unreasonable, the IC is to call fleet owner at XXXXXXXX will be deducted from final pay.
SETTLEMENTS
*IC will receive 40% (20% to each IC if running as a team) of the loaded miles, and deadhead.
will be responsible for the fuel and receive 100% of the fuel surcharge.
*IC will receive 50% (25% to each IC if running as a team) of bonuses, detention, stop-offs and layovers. IC
will receive 100% of hand-loads. (50% to each IC running as a team.)
*IC will be paid weekly on Friday by 4 p.m. beginning the second Friday for loads delivered by noon Friday
of the preceding week. Paperwork must be scanned to Panther by noon every Saturday. If paperwork is
not submitted in time, funds will not pay out. The truck must get paid for you to get paid.
Paperwork (i.e. toll, fuel and maintenance receipts) must be emailed or mailed to on a weekly basis. All other paperwork will be hand
delivered to - during meeting times.
DEDUCTION RECAP WEEKLY
*$25.83 Occupational Insurance, per driver.
*$25.00 Escrow until $500 is satisfied for each IC.
This contract is automatically renewed annually between the parties.
Independent Contractor (IC):_signature:________________________________________________
Printed Name:____________________________ Social Security #__________________________
Address _________________________________________________________________________
Cell Phone #:____________________________ Home Phone #:____________________________
Driver's License # & State Issued: __________________________ Birth Date:_________________
Emergency Contact Name & Phone: ___________________________________________________
and can you go over how much I will make and how the pay works thanks.
INDEPENDENT CONTRACTOR CONTRACT
Date of Contract ____________________________
I, _________________________ hereby agree to lease/operate truck, unit # _______ from
as of the date shown above. I understand and agree that I will be considered an Independent
Contractor (IC), not an employee. I also agree to all of the below listed conditions and restrictions of this
contract.
INSURANCE
*Independent Contractor (herein after referred to as IC) has the responsibility to obtain and pay for all
occupational insurance required by Panther. IC will have $25.83 deducted from their pay per week to cover
this insurance. (Amount subject to change by Panther.)
*IC will be responsible for 100% of the deductible required by accident insurance. will
hold escrow funds in the amount of $1000 per team to cover the deductible in the event of an accident. A
payroll deduction of $25 per week will be taken until the escrow amount is fulfilled. This escrow amount
will be returned in full if IC does not have any accidents/incidents and when contract with
is terminated as set forth below.
* does not offer health insurance, but IC can purchase it through Panther's insurance
company.
CONDUCT AND REQUIREMENTS
*IC needs a Class B license with a hazardous materials and air brake endorsement.
*IC must submit to random drug tests as required by Panther or as requested by LLC.
*IC must keep truck clean, well maintained, and current with D.O.T. safety regulations. Condition of truck
should, at all times, represent a quality reputation for our team.
*All mechanical problems are to be immediately reported to . No
unauthorized repairs will be reimbursed.
*IC is responsible for the cost of any tickets resulting from traffic or safety violations.
*IC is responsible for the maintenance of all fluids necessary for daily operation of unit; i.e. oil, power
steering fluid, windshield washer fluid, anti-gel fluid when engine will be off in the cold, etc.
Express will pay for the fluids as long as receipts are submitted. IC is expected to inspect the truck on a
daily basis. THIS IS A MUST!
*IC is responsible for submitting all toll receipts to via mail on a weekly basis.
*IC is expected to run loads on time for pickup and delivery, 100% of the time. IC is 100% responsible for
any charges incurred due to late delivery or pickup.
*IC agrees to immediate termination for misconduct as determined by .
*IC must pay federal and state taxes and state unemployment on their earnings. IC will be sent a 1099 by
January 31st as required by law.
*IC is wholly responsible for any damage to items in the truck or to the truck itself. The following items are
in the truck: _5__ load bars, _8__ straps, _8__ blankets, safety triangles, fire extinguisher, color TV/DVD
player, microwave, toolbox, jumper cables, chains and refrigerator.
*IC must keep the truck locked at all times when away from the truck.
*Truck cannot be used for personal use, unless authorized by .
*IC must have their own cell phone approved by Panther.
*If any false information is given to or Panther, it will be grounds for immediate
termination.
*Home time is to be agreed on between the IC and . If IC is not available for loads on
the agreed upon return date, IC will be charged $100 per day until available. If IC is off more than 5 nights
at a time, the pay owed will be held until the next pay period.
*IC must give a two week notice to resign. If no notice is given, all funds due IC are forfeited. The IC
must resign by phone and by fax. The IC must keep themselves in service for the full two weeks, or the IC
will be in violation of this contract. Once the two weeks are up, or before if requests,
the truck must be brought to Panther or other designated location immediately. If the IC is terminated by
the truck must be brought to Panther or other designated location immediately. In
either case, the truck must be brought to the location specified by , and must be clean
inside and out. If the truck is not clean the IC will be charged a $500 cleaning fee. The truck and all items
inside the truck must be in the same condition they were in when this contract was signed. If
has to send someone to get the truck, the IC will be charged $2.00 per mile both ways. If the
contract is not adhered to, deductions will come out of the IC's final pay or escrow reserve.
IC agrees to operate said unit for 16 weeks beginning on the date the unit is placed in service. IC agrees
to stay out at least 3 weeks at a time. IC agrees to accept all loads offered by Panther. If the load seems
unreasonable, the IC is to call fleet owner at XXXXXXXX will be deducted from final pay.
SETTLEMENTS
*IC will receive 40% (20% to each IC if running as a team) of the loaded miles, and deadhead.
will be responsible for the fuel and receive 100% of the fuel surcharge.
*IC will receive 50% (25% to each IC if running as a team) of bonuses, detention, stop-offs and layovers. IC
will receive 100% of hand-loads. (50% to each IC running as a team.)
*IC will be paid weekly on Friday by 4 p.m. beginning the second Friday for loads delivered by noon Friday
of the preceding week. Paperwork must be scanned to Panther by noon every Saturday. If paperwork is
not submitted in time, funds will not pay out. The truck must get paid for you to get paid.
Paperwork (i.e. toll, fuel and maintenance receipts) must be emailed or mailed to on a weekly basis. All other paperwork will be hand
delivered to - during meeting times.
DEDUCTION RECAP WEEKLY
*$25.83 Occupational Insurance, per driver.
*$25.00 Escrow until $500 is satisfied for each IC.
This contract is automatically renewed annually between the parties.
Independent Contractor (IC):_signature:________________________________________________
Printed Name:____________________________ Social Security #__________________________
Address _________________________________________________________________________
Cell Phone #:____________________________ Home Phone #:____________________________
Driver's License # & State Issued: __________________________ Birth Date:_________________
Emergency Contact Name & Phone: ___________________________________________________
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