Canadian Statutory Plans definition
Canadian Statutory Plans means statutory benefit plans that any Canadian Loan Party is required to participate in or comply with, including the Canada Pension Plan or Quebec Pension Plan as maintained by the Government of Canada or Province of Quebec, respectively, and plans administered pursuant to applicable workplace safety insurance or workers’ compensation and employment insurance legislation.
Examples of Canadian Statutory Plans in a sentence
The Company and the Company’s Subsidiaries have fulfilled all of their respective obligations with respect to employee benefit plans that would otherwise be Benefit Plans, except for the fact such plans are required by Law or are Canadian Statutory Plans.