Common use of GROUP RETIREMENT SAVINGS PLAN Clause in Contracts

GROUP RETIREMENT SAVINGS PLAN. All seniority employees are eligible to be enrolled in the Company Group Retirement Savings Plan which will be continued for the life of the Agreement. Employees are eligible for enrollment on the first day of the month immediately following the month the employee completes the probationary period. The Plan provides for a matching employee/Company contribution as follows: Less than 1 year service Voluntary employee contributions only. 1 year but less than 5 years’ service Company will match to a maximum of 3%. 5 years’ service or more Company will match to a maximum of 3.5%. Employees may also make additional voluntary RRSP contributions above the maximum. These contributions will not be matched by the Company. Employees are responsible for ensuring total contributions to the RRSP are within the tax deductible limits set by Canada Customs and Revenue Agency. If an employee withdraws any amount from his or her employee/Company matched portion, the Company will suspend its contribution for a period of one year. Employees are responsible for the tax implications of a withdrawal. The Company will include contribution amounts on employee’s annual T4s. The Company will pay all administration fees for the plan. Investment management fees charged by the invested funds are deducted directly by the funds.

GROUP RETIREMENT SAVINGS PLAN. All seniority employees are eligible to be enrolled in the Company Group Retirement Savings Plan which will be continued for the life of the Agreement. Employees are eligible for enrollment on the first day of the month immediately following the month the employee completes the probationary period. The Plan provides for a matching employee/Company contribution as follows: Less than 1 year service Voluntary employee contributions only. 1 year but less than 5 years’ service Company will match to a maximum of 3%. 5 years’ service or more Company will match to a maximum of 3.5%. Employees may also make additional voluntary RRSP contributions above the maximum. These contributions will not be matched by the Company. Employees are responsible for ensuring total contributions to the RRSP are within the tax deductible limits set by Canada Customs and Revenue Agency. If an employee withdraws any amount from his or her employee/Company matched portion, the Company will suspend its contribution for a period of one year. Employees are responsible for the tax implications of a withdrawal. The Company will include contribution amounts on employee’s annual T4s. The Company will pay all administration fees for the plan. Investment management fees charged charges by the invested funds are deducted directly by the funds.

GROUP RETIREMENT SAVINGS PLAN. All seniority employees are eligible to be enrolled in the Company Group Retirement Savings Plan which will be continued for the life of the Agreement. Employees are eligible for enrollment on the first day of the month immediately following the month the employee completes the probationary period. The Plan provides for a matching employee/Company contribution as follows: Less than 1 year service Voluntary employee contributions only. 1 year but less than 5 years’ ' service 5 years' service or more Voluntary employee contributions only. Company will match to a maximum of 3%. 5 years’ service or more of3%.­ Company will match to a maximum of 3.5of3.5%. Employees may also make additional voluntary RRSP contributions above the maximum. These contributions will not be matched by the Company. Employees are responsible for ensuring total contributions to the RRSP are within the tax deductible limits set by Canada Customs and Revenue Agency. If an Ifan employee withdraws any amount from his or her employee/Company matched portion, the Company will suspend its contribution for a period of one year. Employees are responsible for the tax implications of a withdrawal. The Company will include contribution amounts on employee’s 's annual T4s. The Company will pay all administration fees for the plan. Investment management fees charged by the invested funds are deducted directly by the funds.