Common use of WELFARE PLAN Clause in Contracts

WELFARE PLAN. 20.01 The Company agrees to supply a self-directed RRSP based on unlimited contributions by the employee on the following basis: The Company will contribute a 60% match to a maximum of 10% of contributions made by the employee based on the employee’s gross wages (i.e. the maximum annual contribution made by the Company would equal 6% of the employee’s gross wages if the employee contributed 10% or more of their gross wages). This is to be applied as written for all employees.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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WELFARE PLAN. 20.01 The Company agrees to supply a self-directed RRSP based on unlimited contributions by the employee on the following basis: The Company will contribute a sixty (60% ) percent match to a maximum of 10% of contributions made by the employee based on the employee’s gross wages (i.e. the maximum annual contribution made by the Company would equal six (6% ) percent of the employee’s gross wages if the employee contributed 10% or more of their gross wages). This is to be applied as written for all employees.

Appears in 1 contract

Samples: Collective Agreement

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WELFARE PLAN. 20.01 The Company agrees to supply a self-directed RRSP based on unlimited contributions by the employee on the following basis: The Company will contribute a 6050% match to a maximum of 10% of contributions made by the employee based on the employee’s gross wages (i.e. the maximum annual contribution made by the Company would equal 65% of the employee’s gross wages if the employee contributed 10% or more of their gross wages). This is to be applied as written for all employees.

Appears in 1 contract

Samples: Collective Agreement

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