Pension Pian Sample Clauses

Pension Pian. The Employer agrees to provide a Pension plan for employees. The terms and conditionsof the Pension Plan are outlined in the Pension Plan for Unionized Employees of Dover Industries Limited, which forms part of this CollectiveAgreement. This Pension Plan document as amended from time to time, and as filed with the Pension Commission of Ontario, constitutes the terms and conditions of the Pension Plan in its entirety. "Employees not in the Pension Pianwill be permitted to join at any time over the term of the Collective Agreement."
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Pension Pian. The pension plan that the Company instituted in will continue on the same contributory basis, namely, five percent (5%)of the participating employees wages to forty (40)hours per week matched by a like amount of five percent (5%) contributed by the Company. A supplementary benefit at retirement) for each year of participation in Pension Plan will be provided with the full cost by the Company as follows: Two dollars ($2.00) per month for each year of participationup to June 30,1980; three dollars ($3.00) per month for each year of participation from July to June 30,1981; four dollars ($4.00)per month for each year of participation from July to June 1984; five dollars ($5.00) per month for each year of participation from July to June 30,1987; six dollars per month for each year of participation from July to June 30,1993; eightdollars($8.00)per monthfor each year of participationfrom July to June and ten dollars ($10.00) per month for each year of participation from July To be eligible an employee must be eighteen (18) years of age and have had two (2) years service with the Company. For pension earned before January fifty percent (50%) of the Company’s portion shallvest after the employee is three (3) years in the plan with total vesting after eight (8) years in the plan. For pension earned after December total vesting shall occur after two (2) years of membership in the plan. In the event of the death of an employee prior to retirement, the employee’sbeneficiary shall receive all the employee’s as well as the Company’s contribution plus interest (whether vested or not). The maximum annual amount of regularretirement annuity (including any annuity arising from any previous pension plan of the employee) to be provided under the plan for any employeecoveredhereunder,shall not exceed the maximum as currently or hereafter specified in accordance with any law, rule or regulation of the Department of National Revenue. The Company will maintain coverage and drugplan coverage up to age sixty-five (65) for employees electing early retirement. Early RetirementAllowance of per month and effective July per month from age up to age In order to qualify for this payment, employees must have a minimum of ten (10) years service with the Company (early retirement option). Effective immediately, it will be compulsory for new employees to join the pension plan when eligible as stated in the Collective Labour Agreement. ARTICLE
Pension Pian. It is agreed that full-time employees will participate and part-time employees may participate in the Hospitals of Ontario Pension Plan administered by the Ontario Hospital Association and that the Employer will pay the Employer‘s share of contributions thereunder and will deduct from eligible employees’ wages the required proportion of his or her earnings and remit same to the said Plan. It is agreed that enrolment in such pension plan will be in accordance with the requirements of such Plan. Part-Time In Lieu Of Benefits

Related to Pension Pian

  • 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.

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

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Pension All present employees enrolled in the Hospital's pension plan shall maintain their enrolment in the plan subject to its terms and conditions. New employees and employees not yet eligible for membership in the plan shall, as a condition of employment, enroll in the plan when eligible in accordance with its terms and conditions.

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • 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.

  • 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.

  • 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.

  • Benefit Plans; ERISA (a) Section 2.09(a) of the Disclosure Schedule contains a true and complete list and description of each of the Benefit Plans and identifies each of the Benefit Plans that is a Qualified Plan and relates to Employees.

  • 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.

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