Common use of R.R.S.P. Payroll Deductions Clause in Contracts

R.R.S.P. Payroll Deductions. An employee may authorize the College to deduct a specified amount from their wages each month whereby tax deductions at source will be adjusted to accommodate the deduction. In authorizing such a deduction, the employee shall absolve the College of any responsibility for such funds following their remittance to the trust company. Amounts so deducted shall be remitted by the College by the tenth (10th) of the month following to a single designated trust company in the employee’s name. It shall be the responsibility of the employee to direct the trust company with respect to the investment of such funds.

R.R.S.P. Payroll Deductions. An employee Employees may authorize the College to deduct a specified amount from their wages each month whereby tax deductions at source will be adjusted to accommodate the deductiondeductions. In authorizing such a deduction, the employee shall absolve the College of any responsibility for such funds following their remittance to the trust company. Amounts so deducted shall be remitted by the College by the tenth (10th) of the month following to a single designated trust company in the employee’s 's name. It shall be the responsibility of the employee to direct the trust company with respect to the investment of such funds.

R.R.S.P. Payroll Deductions. An employee may authorize the College to deduct a specified amount from their wages each month whereby tax deductions at source will be adjusted to accommodate the deduction. In authorizing such a deduction, the employee shall absolve the College of any responsibility for such funds following their remittance to the trust company. Amounts so deducted shall be remitted by the College by the tenth (10th) of the month following to a single designated trust company in the employee’s 's name. It shall be the responsibility of the employee to direct the trust company with respect to the investment of such funds.