Common use of Section Pension Clause in Contracts

Section Pension. Commencing on the first day of October and on the first day of each month thereafter, the Company agrees to contribute to the Teamsters and Motor Transport Industrial Relations Bureau of Ontario Pension Plan handled by joint Trustees, an amount of two hundred sixty two dollars ($262.00) per month for each Regular Full Time employee covered by this agreement who has reported for work at least one day in the month. The Pension Plan shall be administered by a Trust Company or any other legally entitled Company to perform such administration in the Province of Ontario, which the Trustees may decide from time to time. Effective October the monthly contribution will increase to two hundred and ninety two dollars ($292.00). Effective October the monthly contribution will increase to three hundred and twenty two dollars ($322.00). Effective October the monthly contribution will increase to three hundred and sixty two dollars ($362.00). Effective October the monthly contribution will increase to four hundred and two dollars ($402.00).

Section Pension. Commencing on the first day of October November and on the first day of each month thereafter, the Company agrees to contribute to the Teamsters and Motor Transport Industrial Relations Bureau of Ontario Pension Plan handled by joint Trustees, an amount of two one hundred sixty two and thirty three dollars ($262.00133.00) per month for each Regular Full Time employee covered by this agreement who has reported for work at least one day in the month. The Pension Plan shall be administered by a Trust Company or any other legally entitled Company to perform such administration in the Province of Ontario, which the Trustees may decide from time to time. Effective October November the monthly contribution will increase to one hundred and sixty six dollars ($166.00). Effective November I, the monthly contribution will increase to one hundred and ninety nine dollars ($199.00). Effective November I, the monthly contribution will increase to two hundred and ninety thirty two dollars ($292.00). Effective October the monthly contribution will increase to three hundred and twenty two dollars ($322.00). Effective October the monthly contribution will increase to three hundred and sixty two dollars ($362.00). Effective October the monthly contribution will increase to four hundred and two dollars ($402.00232.00).