Common use of Definition of Eligible Employee Clause in Contracts

Definition of Eligible Employee. Eligible employees for the purposes of the Retirement Savings Plan include all regular employees and those eligible auxiliary employees who qualify to participate after completion of two (2) years of employment with earnings of not less than thirty-five percent (35%) of the year's Maximum Pensionable Earnings as annually determined by Revenue Canada in each of two consecutive calendar years. For the purpose of establishing eligibility for auxiliary employees the review period shall commence from January 1, 1997. Eligible auxiliary employees will commence participation effective January 1st of the year following those that establish eligibility. Employees who are laid off after qualifying to participate in the Retirement Savings Plan and who are recalled to work shall have contributions made pursuant to this Article effective the date of recall.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Definition of Eligible Employee. β€Œ Eligible employees for the purposes of the Retirement Savings Plan include all regular employees and those eligible auxiliary employees who qualify to participate after completion of two (2) years of employment with earnings of not less than thirty-five percent (35%) of the year's Maximum Pensionable Earnings as annually determined by Revenue Canada in each of two consecutive calendar years. For the purpose of establishing eligibility for auxiliary employees the review period shall commence from January 1, 1997. Eligible auxiliary employees will commence participation effective January 1st of the year following those that establish eligibility. Employees who are laid off after qualifying to participate in the Retirement Savings Plan and who are recalled to work shall have contributions made pursuant to this Article article effective the date of recall.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

Definition of Eligible Employee. Eligible employees for the purposes of the Retirement Savings Plan include all regular employees and those eligible auxiliary employees who qualify to participate after completion of two (2) years of employment with earnings of not less than thirty-five percent (35%) of the year's Maximum Pensionable Earnings as annually determined by Revenue Canada in each of two consecutive calendar years. For the purpose of establishing eligibility for auxiliary employees the review period shall commence from January 1, 1997. Eligible auxiliary employees will commence participation effective January 1st 1 of the year following those that establish eligibility. Employees who are laid off after qualifying to participate in the Retirement Savings Plan and who are recalled to work shall have contributions made pursuant to this Article effective the date of recall.

Appears in 1 contract

Samples: Collective Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!