Common use of Financial Compensation Clause in Contracts

Financial Compensation. 3-6.01 The resource is entitled, in accordance with section 34 of the Act respecting the representation of resources to the following financial compensation: a) financial compensation to offset the difference between the rate of the premium or contribution applicable to the resource, as such, under the plans established by the Act respecting parental insurance (CQLR, c. A-29.011) and the Act respecting the Québec Pension Plan (CQLR, c. R-9), and the rates applicable to an employee or a salaried worker, whatever the case may be, under those plans; b) financial compensation so that a resource may enjoy coverage under the Act respecting industrial accidents and occupational diseases (CQLR, c. A-3.001). 3-6.02 Tthe resource must take part in the Québec Pension Plan (QPP) and the Québec Parental Insurance Plan (QPIP), and, for example, the following financial compensation applies in 2015: a) For the QPP The lesser of $53,600 (maximum pensionable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, minus $3,500 (basic exemption), and multiplied by (10.5% - 5.25%) (rate for a self-employed worker – rate of an employee), which is applicable in the case of a single person responsible. When there are two persons responsible, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. b) For the QPIP The lesser of $70,000 (maximum insurable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, multiplied by (0.993%-0.559%) (rate for a self-employed worker – rate for an employee), which is applicable in the case of a single person responsible. When there are two persons responsible, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. c) The financial compensation for the QPP and the QPIP is paid annually on 15 December of each year. 3-6.03 Optional Plan of the Commission de la santé et de la sécurité du travail (CSST) 3-6.04 On the request of a resource that provides the required documents, the institution issues a cheque made out to the CSST and to the resource to serve as financial compensation. 3-6.05 A resource that ends its personal coverage within the optional plan of the CSST during a fiscal year consents to the CSST reimbursing the institution for the over-billed amount. In accordance with section 34 of the Act respecting the representation of resources, the resource is entitled to a daily allowance for the reasonable operating expenses incurred in relation to its provision of services.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Financial Compensation. 3-6.01 The resource is entitled, in accordance with section 34 of the Act respecting the representation of resources to the following financial compensation: a) financial compensation to offset the difference between the rate of the premium or contribution applicable to the resource, as sucha self-employed worker, under the plans established by the Act respecting parental insurance (CQLR, c. chapter A-29.011) and the Act respecting the Québec Pension Plan (CQLR, c. chapter R-9), and the rates applicable to an employee or a salaried worker, whatever the case may be, under those plans; b) financial compensation so that a resource may enjoy coverage under the Act respecting industrial accidents and occupational diseases (CQLR, c. chapter A-3.001). 3-6.02 Tthe As of 1 January 2012, the resource must take part in the Québec Pension Plan (QPP) and the Québec Parental Insurance Plan (QPIP), and, for example, the following financial compensation applies in 20152012: a) For the QPP The lesser of $53,600 50,100 (maximum pensionable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, minus $3,500 (basic exemption), and multiplied by (10.510.05% - 5.255.025%) (rate for a self-employed worker – rate of an employee), which is applicable in the case of a single person responsiblerespondent. When there are two persons responsiblerespondents, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsiblerespondents. b) For the QPIP The lesser of $70,000 66,000 (maximum insurable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, multiplied by (0.993%-0.559%) (rate for a self-employed worker – rate for an employee), which is applicable in the case of a single person responsiblerespondent. When there are two persons responsiblerespondents, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsiblerespondents. c) The financial compensation for the QPP and the QPIP is paid annually on 15 December of each year. 3-6.03 Optional Plan of the Commission de la santé et de la sécurité du travail (CSST) ) 3-6.04 On the request of a resource that provides the required documents, the institution issues a cheque made out to the CSST and to the resource to serve as financial compensation. 7.00 Reasonable Operating Expenses 3-6.05 A resource that ends its personal coverage within the optional plan of the CSST during a fiscal year consents to the CSST reimbursing the institution for the over-billed amount. In accordance with section 34 of the Act respecting the representation of resources, the resource is entitled to a daily allowance for the reasonable operating expenses incurred in relation to its provision of services.7.01

Appears in 2 contracts

Samples: Group Agreement, Group Agreement

Financial Compensation. 3-6.01 The resource is entitled, in accordance with section 34 of the Act respecting the representation of resources to the following financial compensation: a) financial compensation to offset the difference between the rate of the premium or contribution applicable to the resource, as such, under the plans established by the Act respecting parental insurance (CQLR, c. A-29.011) and the Act respecting the Québec Pension Plan (CQLR, c. R-9), and the rates applicable to an employee or a salaried worker, whatever as the case may be, under those plans; b) financial compensation so that a resource may enjoy coverage under the Act respecting industrial accidents and occupational diseases (CQLR, c. A-3.001). 3-6.02 Tthe The resource must take part in the Québec Pension Plan (QPP) and the Québec Parental Insurance Plan (QPIP), and, for example, the following financial compensation applies compensations apply in 2015: a) For the QPP The lesser of $53,600 (maximum pensionable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, minus $3,500 (basic exemption), and multiplied by (10.510.500% - 5.255.250%) (rate for a self-employed worker – rate of an employee), which is applicable in the case of a single person responsible. When there are two persons responsible, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. b) For the QPIP The lesser of $70,000 (maximum insurable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, multiplied by (0.993%-0.559%) (rate for a self-employed worker – rate for an employee), which is applicable in the case of a single person responsible. When there are two persons responsible, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. c) The financial compensation for the QPP and the QPIP is paid annually on 15 December January of each year. 3-6.03 Optional Plan of the Commission de la santé et de la sécurité du travail (CSST) 3-6.04 On the request of a resource that provides the required documents, the institution issues a cheque made out to the CSST and to the resource to serve as financial compensation. 3-6.05 A resource that ends its personal coverage within the optional plan of the CSST during a fiscal year consents to the CSST reimbursing the institution for the over-billed amount. In accordance with section 34 of the Act respecting the representation of resources, the resource is entitled to a daily allowance for the reasonable operating expenses incurred in relation to its provision of services.

Appears in 2 contracts

Samples: Group Agreement, Group Agreement

Financial Compensation. 3-6.01 The resource is entitled, in accordance with section 34 of the Act respecting the representation of resources to the following financial compensation: a) financial compensation to offset the difference between the rate of the premium or contribution applicable to the resource, as sucha self-employed worker, under the plans established by the Act respecting parental insurance (CQLR, c. A-29.011) and the Act respecting the Québec Pension Plan (CQLR, c. R-9), and the rates applicable to an employee or a salaried worker, whatever the case may be, under those plans; b) financial compensation so that a resource may enjoy coverage under the Act respecting industrial accidents and occupational diseases (CQLR, c. A-3.001). 3-6.02 Tthe The resource must take part in the Québec Pension Plan (QPP) and the Québec Parental Insurance Plan (QPIP), and, for example, the following financial compensation applies in 2015: a) For the QPP The lesser of $53,600 (maximum pensionable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, minus $3,500 (basic exemption), and multiplied by (10.510.500% - 5.255.250%) (rate for a self-employed worker – rate of an employee), which is applicable in the case of a single person responsible. When there are two persons responsible, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. b) For the QPIP The lesser of $70,000 (maximum insurable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, multiplied by (0.993%-0.559%) (rate for a self-employed worker – rate for an employee), which is applicable in the case of a single person responsible. When there are two persons responsible, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. c) The financial compensation for that the QPP and the QPIP resource is entitled to under this clause is paid annually on 15 December of each yearmonthly to the resource. 3-6.03 Optional Plan of the Commission de la santé et de la sécurité du travail (CSST) 3-6.04 On the request of a resource that provides the required documents, the institution issues a cheque made out to the CSST and to the resource to serve as financial compensation. 3-6.05 A resource that ends its personal coverage within the optional plan of the CSST during a fiscal year consents to the CSST reimbursing the institution for the over-billed amount. In accordance with section 34 of the Act respecting the representation of resources, the resource is entitled to a daily allowance for the reasonable operating expenses incurred in relation to its provision of services.

Appears in 2 contracts

Samples: Group Agreement, Group Agreement

AutoNDA by SimpleDocs

Financial Compensation. 3-6.01 The resource is entitled, in accordance with section 34 of the Act respecting the representation of resources resources, to the following financial compensation: a) financial compensation to offset the difference between the rate of the premium or contribution applicable to the resource, as such, under the plans established by the Act respecting parental insurance (CQLR, c. A-29.011) and the Act respecting the Québec Pension Plan (CQLR, c. R-9), and the rates applicable to an employee or a salaried worker, whatever the case may be, under those plans; b) financial compensation so that a resource may enjoy coverage under the Act respecting industrial accidents and occupational diseases (CQLR, c. A-3.001). 3-6.02 Tthe The resource must take part in the Québec Pension Plan (QPP) and the Québec Parental Insurance Plan (QPIP), and, for example, the following financial compensation applies in 20152021: a) For the QPP The lesser of $53,600 61,600 (maximum pensionable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, minus $3,500 (basic exemption), and multiplied by (10.511.80% - 5.255.90%) (rate for a self-employed worker – rate of an employee), which is applicable in the case of a single person responsible. When there are two persons responsibleresponsible of the resource, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. b) For the QPIP The lesser of $70,000 83,500 (maximum insurable earnings) and the resource’s annual remuneration, obtained in application of articles 3-3.00 and 3-4.00, multiplied by (0.993%-0.5590.878%-0.494%) (rate for a self-employed worker – rate for an employee), which is applicable in the case of a single person responsible. When there are two persons responsible, the calculation scale is applied by dividing up the resource’s annual remuneration, obtained by application of articles 3-3.00 and 3-4.00, equally between the persons responsible. c) The financial compensation for the QPP and the QPIP is paid annually on 15 December January of each year. 3-6.03 Optional Plan of . For the Commission de la santé et de la sécurité du travail (CSST) 3-6.04 On the request of a resource that provides the required documents, the institution issues a cheque made out wishes to the CSST and to the resource to serve as financial compensation. 3-6.05 A resource that ends its personal coverage within take part in the optional plan of the CSST during a fiscal year consents CNESST, the financial compensation allowing it to enjoy the CSST reimbursing the institution for the over-billed amount. In accordance with section 34 of coverage granted by the Act respecting industrial accidents and occupational diseases (CQLR, c. A-3.001) is equivalent to the representation reimbursement of resources, the resource is entitled billing issued by the CNESST to a daily allowance for resource that has taken out personal coverage, up to the reasonable operating expenses incurred in relation maximum allowed according to its provision the Equivalency grid of servicesthe resource’s net remuneration, including administration costs.

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!