Common use of Eligibility for Part Clause in Contracts

Eligibility for Part. time Instructors in the structured group RRSP will consist of those Members who have achieved Right of First Refusal per Article 17.4(a). The Employee contribution of 2% of earnings will be matched by the Employer. When a Part-time Instructor is eligible for the 2% RRSP, the Member’s contract will state how they are eligible, for example, having achieved RFR per Article 17.4(a). The language on the contract will state the following: "I elect to participate in the group RRSP with full knowledge that once I start contributing, having achieved RFR, all subsequent eligible contracts will have the 2% RRSP deducted and matched by the Employer.” A Part-time Instructor may make Voluntary Contributions up to the Member’s individual allowed tax limit. Voluntary contributions will not be matched by the Employer. A Member must monitor the Member’s own contribution room, and it is expressly understood that this will not be the responsibility of the Employer. A Member can withdraw money when the Member’s contract ends; however, once a Member starts contributing, they must continue to contribute on all subsequent contracts that are eligible for participation in the structured group RRSP. If withdrawals are made once a contract ends, the service provider will withhold the appropriate taxes. The Investment Management Fees plus the surcharge applicable to the selected funds will be paid by the CASBU Member.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Eligibility for Part. time Instructors in the structured group RRSP will consist of those Members who have achieved Right of First Refusal per [Article 17.4(a16.7(a)]. The Employee contribution of 2% of earnings will be matched by the EmployerUniversity. When a Part-time Instructor is eligible for the 2% RRSP, the Member’s his/her contract will state how they are eligible, for example, eligible [i.e. having achieved RFR per RFR, Article 17.4(a16.7(a)]. The language on the contract will state the following: "I elect to participate in the group RRSP with full knowledge that once I start contributing, having achieved RFR, all subsequent eligible contracts will have the 2% RRSP deducted and matched by the EmployerUniversity.” A Part-time Instructor may make Voluntary Contributions up to the Member’s his/her individual allowed tax limit. Voluntary contributions will not be matched by the EmployerUniversity. A Member must monitor the Member’s his/her own contribution room, and it is expressly understood that this will not be the responsibility of the EmployerUniversity. A Member can withdraw money when the Member’s his/her contract ends; however, once a Member starts contributing, they must continue to contribute on all subsequent contracts that are eligible for participation in the structured group RRSP. If withdrawals are made once a contract ends, the service provider will withhold the appropriate taxes. The Investment Management Fees plus the surcharge applicable to the selected funds will be paid by the CASBU Member.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Eligibility for Part. time Instructors in the structured group RRSP will consist of those Members who have achieved Right of First Refusal per (Article 17.4(a15.8(a)). The Employee contribution of 2% of earnings will be matched by the EmployerUniversity. When a Part-time Instructor is eligible for the 2% RRSP, the Member’s his/her contract will state how they are eligible, for example, eligible (i.e. having achieved RFR per RFR, Article 17.4(a15.7(a)). The language on the contract will state the following: "I elect to participate in the group RRSP with full knowledge that once I start contributing, having achieved RFR, all subsequent eligible contracts will have the 2% RRSP deducted and matched by the EmployerUniversity.” A Part-time Instructor may make Voluntary Contributions up to the Member’s his/her individual allowed tax limit. Voluntary contributions will not be matched by the EmployerUniversity. A Member must monitor the Member’s his/her own contribution room, and it is expressly understood that this will not be the responsibility of the EmployerUniversity. A Member can withdraw money when the Member’s his/her contract ends; however, once a Member starts contributing, they must continue to contribute on all subsequent contracts that are eligible for participation in the structured group RRSP. If withdrawals are made once a contract ends, the service provider will withhold the appropriate taxes. The Investment Management Fees plus the surcharge applicable to the selected funds will be paid by the CASBU Member.

Appears in 1 contract

Samples: Collective Agreement

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Eligibility for Part. time Instructors in the structured group RRSP will consist of those Members members who have achieved Right of First Refusal per (Article 17.4(a15.8(a)). The Employee contribution of 2% of earnings will be matched by the EmployerUniversity. When a Part-time Instructor is eligible for the 2% RRSP, the Member’s his/her contract will state how they are eligible, for example, eligible (i.e. having achieved RFR per RFR, Article 17.4(a15.8(a)). The language on the contract will state the following: "I elect to participate in the group RRSP with full knowledge that once I start contributing, having achieved RFR, all subsequent eligible contracts will have the 2% RRSP deducted and matched by the EmployerUniversity.” A Part-time Instructor may make Voluntary Contributions up to the Member’s his/her individual allowed tax limit. Voluntary contributions will not be matched by the EmployerUniversity. A Member must monitor the Member’s his/her own contribution room, and it is expressly understood that this will not be the responsibility of the EmployerUniversity. A Member can withdraw money when the Member’s his/her contract ends; however, once a Member starts contributing, they must continue to contribute on all subsequent contracts that are eligible for participation in the structured group RRSP. If withdrawals are made once a contract ends, the service provider will withhold the appropriate taxes. The Investment Management Fees plus the surcharge applicable to the selected funds will be paid by the CASBU Member.

Appears in 1 contract

Samples: Collective Agreement

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