DPSP definition

DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

DPSP means a deferred profit sharing plan as defined in the Tax Act.

DPSP means a deferred profit-sharing plan.

Examples of DPSP in a sentence

• Should the discharged employee ultimately be successful in overturning their termination through the Concern Resolution Process, the employee’s funds will be returned to the DPSP and their previous service factor reinstated without penalty.

• In order to address this issue with future termination cases, the parties agree to implement a process following ratification to ensure that employees understand the implications of withdrawing their assets from the DPSP Plan.

• At any point, should the employee elect to redeem their DPSP stock units and instruct the plan Trustee to payout their assets held within the plan, the employee’s previous service factor will be permanently lost, regardless of whether they are ultimately reinstated as a result of the Concern Resolution Process.

• In addition, the Company will work with the DPSP Trustee (Sun Life) in order to establish a process which will allow an employee to dispose of their DPSP stock units within the required 90 days following termination, but the resulting funds will be transferred into a Sun Life managed fund and held temporarily, pending resolution of any appeal to the termination being pursued by the Union and the employee through the Concern Resolution Process.

• The parties understand that the terms of the DPSP and Income Tax Act require an employee to dispose of their stock units within the DPSP within 90 days of termination, and that once such stock units are sold and withdrawn by the employee, the employee’s prior service factor is lost and cannot be reinstated to the plan.

More Definitions of DPSP

DPSP means a deferred profit sharing plan as defined in the Tax Act. “DRIP” means the dividend reinvestment plan of the Corporation.

DPSP means a trust governed by a deferred profit sharing plan.

DPSP means deferred profit sharing plan, as defined under the Tax Act.

DPSP means a trust governed by a deferred profit sharing plan, as defined under the Tax Act. “General Partner” means Starlight Investments Capital GP Inc.

DPSP means a deferred profit sharing plan as defined in section 147 of the federal Act;

DPSP means a deferred profit sharing plan within the meaning of the Tax Act. “Eastfield” means Eastfield Resources Ltd.

DPSP means a deferred profit sharing plan as defined in the Tax Act. “DRIP” has the meaning set forth under “Dividends and Distribution Policy”.