Employer Account and Employee Account Sample Clauses

Employer Account and Employee Account. (a) Employer Account The Company will contribute the equivalent of seven percent (7%) of basic earnings to the Employer Account each pay period on behalf of each employee. Basic earnings mean the standard hourly rate of pay for all regularly scheduled hours worked, including vacation hours taken [e.g. twelve (12) hours at straight time on a twelve (12) hour shift schedule]. Contributions will be deposited to the registered defined contribution plan. Contributions shall not be less than five thousand dollars per year ($5,000/year) based on a full year worked. (b) Employee Account Employees will contribute each pay period the equivalent of half a percent (0.5%) of basic earnings to the Employee Account. Employees may choose to contribute above the half a percent (0.5%) basic earnings. Employee contributions will be deposited into a group RRSP sponsored by the Company.
AutoNDA by SimpleDocs

Related to Employer Account and Employee Account

  • Your Account If you use this site, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account or password. You may not assign or otherwise transfer your account to any other person or entity. You acknowledge that MWR/DFS is not responsible for third party access to your account that results from theft or misappropriation of your account. MWR/DFS and their associates reserve the right to refuse or cancel service, terminate accounts, or remove or edit content at our sole discretion. MWR/DFS does not knowingly collect, either online or offline, personal information from persons under the age of thirteen. If you are under 18, you may use xxxxxxxxxxxx.xxx only with permission of a parent or guardian. Your MWR Financial Edge Membership Fee will be drafted by ACH on a monthly basis until your membership is either cancelled or terminated. The first draft will commence on the enrollment date, with the second draft commencing on the 21st day from enrollment date and the second draft will set the anniversary date for all future xxxxxxxx. You understand that it is important to keep your billing information up to date and current with MWR to avoid interruption of your Financial Edge Membership and/or any of the services included or added to their membership in the future. Failed drafts will lead to immediate cancellation of your Membership. Use of this membership is restricted to registered users only. Any attempt to share the services included in your membership with a non-registered user will result in immediate termination of your Membership. This membership and the services offered are currently available to US citizens and legal residents only. You may cancel your Membership at any time. Any cancellations made after 3 days of enrollment will not qualify for a refund. To cancel your subscription, please email your request to xxxxxxx@xxxxxxxxxxxx.xxx. Be sure to include your contact and member information with your cancellation request.

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