Covered Employees employed by Air Canada Sample Clauses

Covered Employees employed by Air Canada who do not participate in the Company Plan as of the last day before the Effective Date shall continue their participation in the 401(k) Plan or begin to participate in the 401(k) Plan if they were eligible to participate under the terms of the 401(k) Plan but had elected not to participate in such Plan. The parties agree that, as described in Section 5 below, with respect to Covered Employees described in the preceding sentence the contribution formula under the 401(k) Plan will change effective from the Effective Date.
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Related to Covered Employees employed by Air Canada

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