Canada Revenue Agency. Regular Employees who commence employment after December 1st, and are eligible for Flex Spending shall receive a prorated amount for the remainder of the year.
Canada Revenue Agency a) The Board, the Union and the participating employees agree that the Plan will comply with the requirements of the Canada Revenue Agency for deferred salary leave plans and that they will make any changes necessary.
b) The participating employees in the Plan hereby agree to indemnify and hold harmless the Board and the Union for the effects of participation in the Plan on the employees' Pension Plan, income tax deductions, Employment Insurance, Canada Pension Plan or other additional matters affected by the Plan.
Canada Revenue Agency to whose attention the T-5 interest income tax information return and/ or the NR4 non-resident withholding tax information return is submitted (where applicable), which will contain or refer to the Purchaser’s social insurance number or business registration number (as the case may be), as required by Regulation 201(1)(b)(ii) of the ITA, as amended;
Canada Revenue Agency. Subject to paragraphs 2 and 3 of this Section 10.02(c), on the date that is two Business Days prior to the day on which the CRA Comfort Letters are no longer in effect in accordance with the terms thereof (the “CRA Remittance Date”), Livent shall direct the Escrow Agent to sell the CRA Withheld Shares held in the CRA Escrow Account in accordance with Section 10.02(e) (the terms of which Section shall be reflected in the Escrow Agreement) and collect the proceeds from such dispositions, net of all costs and expenses incurred in connection with such sale (the “Proceeds of the CRA Withheld Shares”) and, subject to the last sentence in Section 10.02(e), distribute the Proceeds of the CRA Withheld Shares as follows (such distribution provisions to be reflected in the Escrow Agreement): The Escrow Agent shall (i) remit a portion of the Proceeds of the CRA Withheld Shares equal to the value of the CRA Withheld Shares at the time of their issuance, which value will be specified in the Escrow Agreement, to the Receiver General for Canada and (ii) remit the difference, if any, between the Proceeds of the CRA Withheld Shares and the value of the CRA Withheld Shares at the time of their issuance to the PLL Shareholders in accordance with such Person’s Proportionate Share, which will be specified in the Escrow Agreement. Where a PLL Shareholder (or PGPL or another representative acting on behalf of a PLL Shareholder) delivers to the Continuing Company (with a copy to the Escrow Agent), prior to the CRA Remittance Date, a Tax Clearance Certificate, Livent shall, within one Business Days thereafter, instruct the Escrow Agent to remit to such PLL Shareholder, within two Business Days, its proportionate portion of the CRA Withheld Shares held in the CRA Escrow Account based on its Proportionate Share. Where the PLL Shareholders (or PGPL or another representative acting on behalf of the PLL Shareholders) deliver to the Continuing Company (with a copy to the Escrow Agent), the CRA Comfort Letters acceptable to the Continuing Company, acting reasonably (with such acceptability to be promptly confirmed by Livent in writing to PGPL and the Escrow Agent), then Livent shall not direct the Escrow Agent to sell the CRA Withheld Shares before the day that is two Business Days prior to the day on which the CRA Comfort Letters are no longer in effect in accordance with the terms thereof.
