STATE OF CONN ECTICUT









EXHIBIT

10.53




 




STATE OF CONNECTICUT




WORKERS’ COMPENSATION

COMMISSION




 




SELF-INSURER

SURETY BOND




 




BOND

NO.     1316092




 




KNOW ALL MEN BY  THESE

PRESENTS:




 




That we

Labor Ready Northeast. Inc. as principal, and Great American Insurance Company, a corporate surety

company authorized to do business in the State of Connecticut as surety, are

holden and stand firmly bound and obligated unto the State of Connecticut in

the full and just sum of $ 350,000.00***

to the true payment whereof we bind ourselves, our heirs, administrators,

executors, successors and assigns, jointly and severally, by these presents.




 




WHEREAS, the Principal has been granted permission

by the Connecticut Workers’ Compensation Commission to conduct a Self-Insurance

Workers’ Compensation Program, conforming to the provisions of the Connecticut

Workers’ Compensation Act, being Chapter 568 of the Connecticut General

Statutes, as amended, provided that the Principal furnish a Workers’

Compensation Surety Bond in the sum of $ 350,000.00***, and

in compliance with this condition, the Principal furnished the bond as stated

herein.




 




NOW THEREFORE, the condition of this bond is such that

if the Principal complies with all the requirements of a self-insurer, all

terms, provisions, conditions and duties of the applicable statutory law and

rules and regulations adopted by the Commission, or of any amendments thereof

in effect during the life of this bond, then this obligation shall be void,

otherwise to remain in full force and effect. 

If the Principal’s self-insurance license shall be revoked, or

non-renewed, or if the Principal ceases to transact business in this State, or

if the Principal insures its liability with an insurer, the Principal shall

upon demand, deposit with the State Treasurer an amount of securities equal to

the penal sum of this bond, or a single premium non-cancelable policy issued by

an authorized workers’ compensation insurance company insuring him against any

liability that may have arisen under Chapter 568 C.G.S., or a bond executed by a

company authorized to transact the aforesaid business in this State, in an

amount and form approved by the Commission, guaranteeing the payment of any

liability on his part that may have arisen under Chapter 568, then this

obligation shall be void; otherwise to remain in full force and effect.




 





























 




	

  SELF-INSURER SURETY BOND


  	

   


  	

  BOND NO. 1316092


  





 




The Surety

acknowledges that if the Principal fails to comply with the requirements of a

self-insurer of workers’ compensation, then all sums payable hereunder shall be

payable upon demand in writing to the Surety by the Chairman of the Connecticut

Workers’ Compensation Commission.  The

liability of the Surety shall not exceed in aggregate the penal amount of $ 350,000.00***.




 




It is understood

and agreed that the Commission may permit a substitution of a new bond or bonds

for this bond.




 




The effective date

of this bond is June 1, 2001.




 




This bond shall continue

in full force and effect until liability hereunder is released by the

Connecticut Workers’ Compensation Commission. 

This bond may be canceled at any time by the Surety upon giving thirty

days written notice by certified mail to the Workers’ Compensation

Commission.  The liability of the Surety

will, after thirty days’ notice, cease, except as to such liability that may

have accrued prior to the effectiveness of the cancellation.  It shall be understood that the Surety shall

be liable, within the penal sum of this bond, for the default of the Principal

in fully discharging any liability on its part accruing during the life of this

obligation.




 




IN WITNESS WHEREOF, the Principal and the Surety have caused these

presents to be executed in their names and behalf




this 1st

day of June, 2001.




 




	

  [Affix Seals]


  	

   


  
	

   


  	

  Labor Ready Northeast, Inc.


  	

   


  
	

   


  	

  Principal


  
	

   


  	

   


  	

   


  
	

   


  	

  By:


  	

   


  
	

   


  	

   


  
	

   


  	

  Great American Insurance Company


  	

   


  
	

   


  	

  Surety


  
	

   


  	

   


  
	

   


  	

   


  
	

   


  	

  /s/ Patrick D. Dneen


  	

   


  
	

   


  	

  By:  Patrick

  D. Dineen, Attorney-in-Fact


  
						





 




All-Purpose




Certificate of Acknowledgment 




 




State of        Washington




 




County of   King




 




2





























 




	

  On June 1, 2001 before me, Kathie L. Wiegers,


  
	

  DATE


  	

   


  	

  NAME OF NOTARY PUBLIC


  





 




	

  personally appeared Patrick D. Dineen


  
	

  NAME(S) OF

  SIGNER(S)


  





 




	

  ý personally known to me - OR


  	

   


  	

  proved to me on the basis of satisfactory evidence

  to be the person(s) whose name(s) is/are subscribed to the within instrument

  and acknowledged to me that he/she/they executed the same in his/her/their

  authorized capacity(ies), and that by  his/her/their

  signature(s) on the instrument the person(s), or the entity upon behalf of

  which the person(s) acted, executed the instrument.


  





 




	

   


  	

  Witness my hand and official seal.


  
	

   


  	

   


  
	

   


  	

  /s/ Kathie L. Wiegers


  	

   


  
	

   


  	

  SIGNATURE OF NOTARY PUBLIC


  





 




Though the data

below is not required by  law,

it may prove valuable to persons relying on the document and prevent fraudulent

reattachment of this form.




 




	

  CAPACITY CLAIMED BY SIGNER


  	

   


  	

  DESCRIPTION OF ATTACHED DOCUMENT(S)


  
	

  Attorney-in-Fact


  	

   


  	

  Type of Document


  
	

   


  	

   


  	

  Self-Insurer Surety Bond


  
	

   


  	

   


  	

  Bond No. 1316092


  
	

   


  	

   


  	

   


  
	

   


  	

   


  	

  Number of Pages


  
	

   


  	

   


  	

   


  
	

   


  	

   


  	

  Two

  (2)


  
	

   


  	

   


  	

   


  
	

   


  	

   


  	

  Date of Document


  
	

   


  	

   


  	

   


  
	

   


  	

   


  	

  June 1, 2001


  
	

   


  	

   


  	

   


  
	

   


  	

   


  	

  Signer(s) Other

  Than Named Above


  
	

   


  	

   


  	

   


  
	

   


  	

   


  	

  Labor Ready Northeast, Inc.


  
	

   


  	

   


  	

   


  
	

  SIGNER

  IS REPRESENTING:


  	

   


  	

   


  
	

  NAME OF PERSON(S) OR

  ENTITY(IES)


  	

   


  	

   


  





 




Great American Insurance Company




 




3





























 




Document2




 




	

  INSURER SURETY BOND


  	

   


  	

  BOND NO. 

  1316092


  





 




The Surety

acknowledges that if the Principal fails to comply with the requirements of a

self-insurer of workers’ compensation, then all sums payable hereunder shall be

payable upon demand in writing to the Surety by the Chairman of the Connecticut

Workers’ Compensation Commission.  The

liability of the Surety shall not exceed in aggregate the penal amount of $ 350,000.00***.




 




It is understood

and agreed that the Commission may permit a substitution of a new bond or bonds

for this bond.




 




The effective date

of this bond is June 1, 2001.




 




This bond shall continue

in full force and effect until liability hereunder is released by the

Connecticut Workers’ Compensation Commission. 

This bond may be canceled at any time by the Surety upon giving thirty

days written notice by certified mail to the Workers’ Compensation

Commission.  The liability of the Surety

will, after thirty days’ notice, cease, except as to such liability that may

have accrued prior to the effectiveness of the cancellation.  It shall be understood that the Surety shall

be liable, within the penal sum of this bond, for the default of the Principal

in fully discharging any liability on its part accruing during the life of this

obligation.




 




IN WITNESS WHEREOF, the Principal and the Surety have caused

these presents to be executed in their names and behalf




this 1st

day of June, 2001.




 




[Affix Seals]




 




	

   


  	

  Labor Ready, Northeast, Inc.


  	

   


  
	

   


  	

  Principal


  
	

   


  	

   


  
	

   


  	

  /s/ Ronald L. Junck


  	

   


  
	

   


  	

  By:


  
	

   


  	

   


  
	

   


  	

  Great American Insurance Company


  	

   


  
	

   


  	

  Surety


  
	

   


  	

   


  
	

   


  	

  /s/ Patrick D. Dineen


  	

   


  
	

   


  	

  By:  Patrick

  D. Dineen, Attorney-in-Fact


  
						





 




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