RSP Plan definition
Examples of RSP Plan in a sentence
The 1,222,978 shares of Harrodsburg Common Stock issued and outstanding as of the date hereof include 85,000 unallocated shares of Harrodsburg Common Stock held in the Harrodsburg RSP Plan.
There are additional Common Shares that may be vested and issued under the RSP Plan, and Section 4(a) of the Disclosure Letter sets forth a complete and accurate list of restricted shares issued under the RSP Plan as of the date hereof, together with the names of each respective grantee, the date of grant, the number of Common Shares originally granted, the amount payable thereunder pursuant to dividend equivalent rights and the applicable vesting dates.
The Employer also agrees to contribute an additional two percent (2%) of the employee’s base wage rate, for all hours worked, to either the RSP Plan or the Union Sponsored Pension Plan (Pension Plan) for each employee who elects to contribute at least two percent (2%) of their base wage rate to either plan.
This payment, in-lieu of RSP contributions and or Pension Plan contributions, will not be less than the amount that employee would have received if he/she were still eligible for contributions to the Union Sponsored Group RSP Plan and or Pension Plan.
Where the employee chooses to participate in the RSP Plan, the Employer agrees to contribute to the Group RSP the amount set out in the applicable Wage Schedule notes, for each employee, based on the employee base wages, at straight time, for all hours worked.
The Employer will match an additional one percent (1%) when the employee contributes one percent (1%) to the same RSP Plan.
All grants under the RSP Plan were validly issued and properly approved by the Board or a duly authorized committee thereof no later than the date on which the grant was by its terms to be effective in accordance with all Applicable Laws and all required approvals by the Shareholders were timely obtained.
The contribution amount can be made to either the RSP Plan or the Pension Plan or a split between the two plans.
The Employer agrees to contribute an additional one percent (1%) of the employee’s base hourly wage rate to the employee’s RSP Plan for each employee who voluntarily contributes at least one percent (1%) of their base hourly wage rate to the employee’s RSP Plan for all hours worked..
Furthermore, The Employer agrees to contribute an for each employee who voluntarily contributes at least one percent (1%) of their base hourly wage rate to RSP Plan for all hours worked.