On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s pro rata share based on the amount of the employee’s co-share payment of each benefit. The remaining portion of the Board’s surplus will be retained by the Board.
Appears in 112 contracts
Samples: Letter of Agreement, Collective Agreement, Collective Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s pro rata share based on the amount of the employeeEmployee’s co-share payment of each benefit. The remaining portion of the Board’s surplus will be retained by the Board.
Appears in 18 contracts
Samples: Collective Agreement, Collective Agreement, Letter of Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-owned board‐owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s pro rata share based on the amount of the employee’s co-share co‐share payment of each benefit. The remaining portion of the Board’s surplus will be retained by the Board.
Appears in 3 contracts
Samples: Letter of Agreement, Letter of Agreement, Letter of Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-board- owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s pro rata share based on the amount of the employeeEmployee’s co-share payment of each benefit. The remaining portion of the Board’s surplus will be retained by the Board.
Appears in 1 contract
Samples: Collective Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, ,or as soon as reasonably and feasibly possible thereafter, ,all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s 's pro rata share based on the amount of the employee’s Employee's co-share payment of each benefit. The remaining portion of the Board’s 's surplus will be retained by the Board.
Appears in 1 contract
Samples: Letter of Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-owned board‐owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s pro rata share based on the amount of the employeeEmployee’s co-share co‐share payment of each benefit. The remaining portion of the Board’s surplus will be retained by the Board.
Appears in 1 contract
Samples: Collective Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s pro rata share based on the amount of the employee’s co-co- share payment of each benefit. The remaining portion of the Board’s surplus will be retained by the Board.
Appears in 1 contract
Samples: Collective Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s 's pro rata share based on the amount of the employee’s 's co-share payment of each benefit. The remaining portion of the Board’s 's surplus will be retained by the Board.
Appears in 1 contract
Samples: Collective Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, ,all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s 's pro rata share based on the amount of the employee’s Employee's co-share payment of each benefit. The remaining portion of the Board’s 's surplus will be retained by the Board.
Appears in 1 contract
Samples: Letter of Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, ,all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s 's pro rata share based on the amount of the employee’s 's co-share payment of each benefit. .The remaining portion of the Board’s 's surplus will be retained by the Board.
Appears in 1 contract
Samples: Letter of Agreement
On-Going Funding. 3.2.1 On the day the Board commences participation in the Trust, or as soon as reasonably and feasibly possible thereafter, all eligible and available surpluses in board-owned defined benefit plans will be transferred to the Trust in an amount equal to each employee’s pro rata share based on the amount of the employeeEmployee’s co-co- share payment of each benefit. The remaining portion of the Board’s surplus will be retained by the Board.
Appears in 1 contract
Samples: Local Collective Agreement