Common use of Time Benefits Clause in Contracts

Time Benefits. ‌ The Employer agrees, during the term of the Agreement, to pay its share of the premiums for an insurance plan for eligible part- time employees, subject to their respective terms and conditions including enrolment requirements. These benefits may be revised or changed from time to time by the Employer or the Insurer(s), in their sole discretion. Any dispute regarding eligibility or entitlement to benefits is with the insurer and is not a dispute under this Agreement. For greater certainty, under no circumstances will the Employer be responsible for paying any benefits under the applicable benefit plan. The Parties agree that the insurance plan or policy shall not form part of this Agreement and shall not be subject to the grievance procedure or arbitration. APPENDIX “D” – PENSION ‌ NO FRILLS DEFINED CONTRIBUTION PENSION‌ Full-time and part-time employees of this No Frills location will be eligible to participate in a defined contribution pension plan on the following basis. Participation will be voluntary. In order to join the defined contribution plan an employee must have worked a minimum of seven hundred (700) hours or earned thirty-five percent (35%) of the YMPE for each of two (2) consecutive calendar years. Participation in the defined contribution plan will require that an employee make contributions equal to those of the Employer. The contributions will be made via payroll deduction. The following contributions rates shall apply. Contributions will be made on each hour worked by the employee. The contribution level will be service based as follows: 2 – 5 years Over 5 years, below 10 10 years + Employee 20 cents/hour 30 cents/hour 40 cents/hour Employer 20 cents/hour 30 cents/hour 40 cents/hour Years of service for the purposes of the defined contribution plan will be determined based on the employee’s years of completed service as of December 31st of the previous year. Employer contributions will become vested after two (2) years of plan participation. Employees declining participation in the defined contribution plan at start-up will have one opportunity to join at a later date of the Employer’s choosing. Employees who terminate their participation in the plan will not be permitted to re-join at a later date. The “Plan Document” will be the governing document over this defined contribution plan and a conflict between the Collective Agreement and the Plan Document will be resolved in accordance with the Plan Document. The Employers retain the right to amend the plan at their sole discretion as necessary (example: legislative issues, administrative issues, etc.). The Employer makes the following commitments relative to the administration of this plan:

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Time Benefits. ‌ The Employer agrees, during the term of the Agreement, to pay its share of the premiums for an insurance plan for eligible part- time employees, subject to their respective terms and conditions including enrolment requirements. These benefits may be revised or changed from time to time by the Employer or the Insurer(s), in their sole discretion. Any dispute regarding eligibility or entitlement to benefits is with the insurer and is not a dispute under this Agreement. For greater certainty, under no circumstances will the Employer be responsible for paying any benefits under the applicable benefit plan. The Parties agree that the insurance plan or policy shall not form part of this Agreement and shall not be subject to the grievance procedure or arbitration. APPENDIX “D” – PENSION ‌ NO FRILLS DEFINED CONTRIBUTION PENSION‌ Full-time and part-time employees of this No Frills location will be eligible to participate in a defined contribution pension plan on the following basis. Participation will be voluntary. In order to join the defined contribution plan an employee must have worked a minimum of seven hundred (700) hours or earned thirty-five percent (35%) of the YMPE for each of two (2) consecutive calendar years. Participation in the defined contribution plan will require that an employee make contributions equal to those of the Employer. The contributions will be made via payroll deduction. The following contributions rates shall apply. Contributions will be made on each hour worked by the employee. The contribution level will be service based as follows: 2 – 5 years Over 5 years5, below 10 10 years + Employee 20 cents/hour 30 cents/hour 40 cents/hour Employer 20 cents/hour 30 cents/hour 40 cents/hour Years of service for the purposes of the defined contribution plan will be determined based on the employee’s years of completed service as of December 31st of the previous year. Employer contributions will become vested after two (2) years of plan participation. Employees declining participation in the defined contribution plan at start-up will have one opportunity to join at a later date of the Employer’s choosing. Employees who terminate their participation in the plan will not be permitted to re-join at a later date. The “Plan Document” will be the governing document over this defined contribution plan and a conflict between the Collective Agreement and the Plan Document will be resolved in accordance with the Plan Document. The Employers retain the right to amend the plan at their sole discretion as necessary (example: legislative issues, administrative issuesissue, etc.). The Employer makes the following commitments relative to the administration of this plan:

Appears in 2 contracts

Samples: Collective Agreement, Term of Agreement

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