Common use of REGISTERED RETIREMENT SAVINGS PLAN Clause in Contracts

REGISTERED RETIREMENT SAVINGS PLAN. A) For regular employees participation is optional. Contributions, matched by the Employer may be made at one per cent (1%) of straight time earnings at three (3) years of employment and one per cent (1%) or two per cent (2%) at four (4) years of employment. Effective June 1, 2003 two per cent (2%) at two (2) years of employment and up to three per cent (3%) at three (3) years of employment.

REGISTERED RETIREMENT SAVINGS PLAN. A) For regular employees employees, participation is optional. Contributions, Contributions after one (1) year matched by the Employer may be made at one per cent two percent (12%) of straight time earnings at three (3) years of employment and one per cent (1%) or two per cent percent (2%) at four (4) years of employment. Effective June 1, 2003 two per cent (2%) at two (2) years of employment and up to or three per cent percent (3%) at three (3) years years’ of employment.