RCA Plan definition
Examples of RCA Plan in a sentence
For Pilots who have accrued or will accrue 35 years of service before Normal Retirement Age, Air Canada shall continue to make the “Basic Company Contribution” to their account in the RCA Plan.
If any provision of this RCA Plan is ever held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of this RCA Plan, and this RCA Plan shall be construed and enforced as if such illegal or invalid provision had never formed part hereof.
This RCA Plan may, with the consultation of the Executive, be terminated at any time by the Company, subject to the Company maintaining arrangements to adequately secure the Excess Benefits, whether by a Letter of Credit or otherwise, which such arrangements are acceptable to the Executive, acting reasonably.
No amendment may be made that conflicts with the terms of the RCA Plan and this Agreement.
The parties agree to meet to do all necessary work to establish the operation of the RCA Plan by January 1, 2001.
Ongoing administration costs of the RCA Plan will be assumed by the RCA Plan.
Therefore, without restricting the generality of the foregoing, in the event of future amendment to the Basic Pension Plan, the Company, on written notice to the Executive, reserves the right to make consequential amendments to this RCA Plan.
In particular, it is recognized that certain provisions of this RCA Plan are not meant to operate in connection with or correspond to provisions of the Basic Pension Plan.
Nothing in this RCA Plan shall be construed to give to the Executive or to any person claiming through the Executive any right, title or interest in or to any assets, profits, earnings, or property of the Company except as specifically provided herein.
This RCA Plan supersedes and replaces all prior plans (except, for greater certainty, any individual pension plans existing at the Effective Date in relation to any Executive) in connection with the subject matter hereof.