Common use of Administrative and Legislative Changes Clause in Contracts

Administrative and Legislative Changes. During the term of this Labour Agreement, the Company will be making certain administrative changes to the pension plan regarding the way management responsibilities are carried out. These changes in no way affect the participant's benefits nor affect the responsibilities of the Pension Committee. Certain changes are required from time to time as a result of Federal and/or Provincial legislation in the pension area. Our pension plan texts are reviewed on a periodic basis and where necessary changes are made to meet current legislation. The Company agrees to discuss changes in the pension text with the pension committee recognizing that any changes required by law will be complied with by the Company.

Administrative and Legislative Changes. During the term of this Labour Agreement, the Company will be making certain administrative changes to the pension plan regarding the way management responsibilities are carried out. These changes in no way affect the participant's benefits nor affect the responsibilities of the Pension Committee. Certain changes are required from time to time as a result of Federal and/or Provincial legislation in the pension area. Our pension plan Plan texts are reviewed on a periodic basis and where necessary changes are made to meet current legislation. The Company agrees to discuss changes in the pension text with the pension committee recognizing that any changes required by law will be complied with by the Companycompany.