CLAC Pension Plan Sample Clauses

CLAC Pension Plan. 14.01 The CLAC Pension Plan (the “Plan”), a defined contribution, registered pension plan, which is registered with the Canada Revenue Agency and the Financial Services Commission of Ontario under #0398594, applies to all employees covered by this Collective Agreement.
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CLAC Pension Plan. The Pension Plan is maintained and administered by the Union and is supervised by the Board of Trustees. Registered with the Financial Securities Commission of Ontario as Pension Plan 0398594, for the benefit of all employees covered under this Agreement.
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CLAC Pension Plan. The CLAC Pension Plan (“the Plan”), a defined contribution, registered pension plan, which is registered with the Canada Revenue Agency and the Financial Services Commission of Ontario under #0398594, applies to all employees covered by this Collective Agreement. New employees will join the Plan immediately upon attaining twelve (12) months of seniority. Should an employee be laid off for more than three (3) consecutive months, but returns to work with the Employer within six (6) months from his date of layoff, he shall not have to re-serve the pension qualifying period. For each pay period, the Employer shall remit to the Remittance Processing Centre (RPC), for each eligible employee, an Employer contribution as described in Schedule A. Employer contributions will vest in accordance with the rules of the plan. The Employer agrees to deduct, by way of payroll deduction, and remit to the RPC, additional voluntary employee pension contributions which are above and beyond those contributions outlined in Schedule A. A request for such deductions shall be submitted to the Employer on a form provided by the Plan and a copy of the completed form shall be sent to the RPC along with the first remittance of such voluntary contributions. If an employee commits to make pension contributions above and in addition to Employer contributions to pension, the Employer shall match the employee’s contribution to a maximum of one dollar ($1.00/hour) per hour. The total amount of all contributions remitted by the Employer on an employee’s behalf (employer, employee, and voluntary), cannot exceed the annual maximum money purchase contribution limit outlined by the Canada Revenue Agency. The Employer will remit the employees’ and the Employer's contributions to the RPC within fifteen (15) days following the end of the month for which contributions are payable, together with an itemized list of the employees and the amounts applicable to each. Employer, employee and voluntary contributions will be recorded separately on the remittance. Where legislation prohibits an employee from contributing because of age, an amount equivalent to the contributions in Schedule A will be paid to that employee on each paycheque. This payment in-lieu of pension contributions will not be less than the amount that employee would have received if he/she were still contributing to the Plan. The Union acknowledges and agrees that, other than remitting contributions to the Plan as set out in this Article,...
Sample 1
CLAC Pension Plan. The Christian Labour Association of Canada (CLAC) Pension Plan (“the Plan”), a registered defined contribution pension plan governed by the CLAC Pension Plan Board of Trustees, applies to all employees covered by this Collective Agreement. Effective September 1, 2022, an employee shall be eligible to participate in the Plan and shall be enrolled in the Plan upon completion of one (1) calendar year of service, from date of hire.
Sample 1
CLAC Pension Plan. All employees covered by this agreement shall participate in or shall continue to participate in the CLAC Registered Pension Plan (“the Plan”) in accordance with the Plan’s express terms and conditions.
Sample 1
CLAC Pension Plan. The CLAC Pension Plan (the plan), a defined contribution, registered pension plan, which is registered with the Canada Revenue Agency and the Financial Services Commission of Ontario under #0398594, applies to all employees covered by this Collective Agreement. New employees will join the Plan immediately upon attaining twelve (12) months of seniority. Should an employee be laid off for more than six (6) consecutive months, but returns to work with the Employer within twelve
Sample 1
CLAC Pension Plan is maintained and administered by the Union and is supervised by a Board of Trustees. Registered with the Canada Customs and Revenue Agency (CCRA) and the Financial Services Commission of Ontario (FSCO) as Pension Plan #0398594, the Plan is designed for the benefit of all employees covered under this Agreement. The Employer and Employees shall contribute matching contributions to the Pension Plan, on behalf of each employee, the hourly amounts described in Schedule “A” of this Agreement, beginning from the first day of employment. The Employer agrees to deduct, by way of payroll deduction, and remit to the Union’s Benefit Administration Office, voluntary employee pension contributions in addition to any other collective agreement Pension Plan contributions. Such amounts shall not exceed the limits established by the Canada Customs and Revenue Agency. These monies will be recorded separately on the Employer’s monthly remittance to the Benefit Administration Office. The Employer's contributions to the Health Fund and Pension Plan shall be recorded on a remittance sheet supplied by the Union. On this sheet the Employer will enter:
Sample 1
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Related to CLAC Pension Plan

  • No Pension Plans There are no pension, profit sharing, group insurance or similar plans or other deferred compensation plans affecting the Company;

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • Municipal Pension Plan (i) All newly hired regular employees shall participate under the Municipal Pension Plan, subject to the terms and conditions of such Plan, from their initial date of hire as a regular employee.

  • Guaranteed Pension Plans Each contribution required to be made to a Guaranteed Pension Plan, whether required to be made to avoid the incurrence of an accumulated funding deficiency, the notice or lien provisions of §302(f) of ERISA, or otherwise, has been timely made. No waiver of an accumulated funding deficiency or extension of amortization periods has been received with respect to any Guaranteed Pension Plan, and neither the Borrower nor any ERISA Affiliate is obligated to or has posted security in connection with an amendment to a Guaranteed Pension Plan pursuant to §307 of ERISA or §401(a)(29) of the Code. No liability to the PBGC (other than required insurance premiums, all of which have been paid) has been incurred by the Borrower or any ERISA Affiliate with respect to any Guaranteed Pension Plan and there has not been any ERISA Reportable Event (other than an ERISA Reportable Event as to which the requirement of 30 days notice has been waived), or any other event or condition which presents a material risk of termination of any Guaranteed Pension Plan by the PBGC. Based on the latest valuation of each Guaranteed Pension Plan (which in each case occurred within twelve months of the date of this representation), and on the actuarial methods and assumptions employed for that valuation, the aggregate benefit liabilities of all such Guaranteed Pension Plans within the meaning of §4001 of ERISA did not exceed the aggregate value of the assets of all such Guaranteed Pension Plans, disregarding for this purpose the benefit liabilities and assets of any Guaranteed Pension Plan with assets in excess of benefit liabilities.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Benefit Plan If an employee maintains coverage for benefit plans while on maternity or parental leave, the Employer agrees to pay the Employer's share of these premiums.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

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