Company’s contributions. (i) Severance - an amount equal to 8⅓% of the Salary; (ii) Pension - an amount equal to 6.5% of the Salary.
Company’s contributions. Effective on the date of signature, the Company shall pay the fund each month an amount determined by multiplying five ($ 0.05) cents by the total number of hours worked in each pay period by all Company employees. Such payments by the Company in respect of any pay period shall be made on or before the 25th day of the following month.
Company’s contributions. For each Plan Year, the Company shall contribute to the Trust that amount of cash and/or that number of shares of Stock as may be voted by the Directors; provided, however, that the Company's contributions to the Trust for any Plan Year, when added to contributions made by the Company for such Plan Year to all other qualified pension, profit sharing and stock bonus plans maintained by the Company, shall not exceed the amount which equals the maximum amount allowable as a Federal income tax deduction by the Company for such Plan Year under applicable provisions of the Code. Notwithstanding the foregoing, if the Plan borrows money to acquire shares of Stock, the Company may contribute cash to the Plan at such times and in such amounts as are necessary to enable the Plan to meet its obligations under any such loan. In the event that any contribution made by the Company is in excess of the maximum amount allocable as a Federal income tax deduction by the Company for the Plan Year, such excess contribution shall be carried over to a subsequent Plan Year when it can be deducted from the Company's income.
Company’s contributions the Company shall contribute to such Pension Insurance Policy the following amounts: (i) pension benefits - 6.5% of the Monthly Salary (the “Company’s Contributions”), and (ii) severance pay - 8.33% of the Monthly Salary (the “Severance Component”).
Company’s contributions. The Company’s obligation in relation to the continuation of the B.C. Medical Services Plan and the Union’s Health and Welfare Plan is limited to making contributions as follows toward the costs of maintaining coverage under the Plan. Company Contributions: May 1, 2000 Family $262.41 Couple $256.41 Single $176.76 May 1, 2001 Family $272.41 Couple $266.41 Single $186.76 May 1, 2002 Family $282.41 Couple $276.41 Single $196.76 May 1, 2004 Family $292.41 Couple $286.41 Single $206.76 (b) Increases in contributions as a result of the change of dependent status of individual employees will continue to be paid by the Company. In addition, any decrease realized by employee status change will be returned to the Company.
