Group RRSP Mandatory. Participation in the Company’s RRSP will be mandatory. The RRSP will be a plan administered by the company designated financial institution and available to the Officer upon retirement or termination of employment with the company. It is agreed and understood by the parties that participation in the RRSP Plan is mandatory effective November 1, 2004. For officers employed by the Company prior to this date, the plan is also m andatory unless they sign acknowledgment and waiver to opt out of the company designated financial institution and continue with the existing Officer’s plan.