Common use of CONTRIBUTIONS AND ADMINISTRATION Clause in Contracts

CONTRIBUTIONS AND ADMINISTRATION. The Company will contribute seven hundred and sixty-five dollars ($765.00) per month for each employee with seniority, as of January 1, 2006, and who actively works one (1) day per month, to an individual RRSP beginning January 1, 2006 and continuing for the term of this Agreement. For all employees on the seniority list at the signing of this Agreement, the following shall apply: (a) An employee who commences a layoff during the first year of this Agreement will continue to receive RRSP contributions for the period of the layoff, to a maximum of twelve (12) months in total; (b) An employee who commences a layoff during the second year of this Agreement will continue to receive RRSP contributions for the period of the layoff, to a maximum of six (6) months in total; (c) An employee who commences a layoff during the third or subsequent years of this Agreement, shall not receive any RRSP contributions while on layoff. RRSP contributions will be provided to the Benefit Plan Administrator. First year of employment … $294.00 Second year of employment … $352.00 Third year of employment … $414.00 Fourth year of employment … $480.00