Common use of Group RRSP Plan Clause in Contracts

Group RRSP Plan. The Employer will establish a voluntary Group RRSP Plan to assist with retention and provide assistance for the future retirement of the employees. The Employer will contribute to the Group RRSP Plan on a basis that matches the employee's contribution of two percent of their covered pay (not including tips). Employees may at their own discretion make additional voluntary unmatched contributions to the plan. Company contributions are vested immediately.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

Group RRSP Plan. The Employer will establish a voluntary Group RRSP Plan to assist with retention and provide assistance for the future retirement of the employees. The Employer will contribute to the Group RRSP Plan on a basis that matches the employee's ’s contribution of two percent (2%) of their covered pay (not including tips). Employees may at their own discretion make additional voluntary unmatched contributions to the plan. Company contributions are vested immediately.

Appears in 1 contract

Samples: Collective Agreement

Group RRSP Plan. The Employer will establish continue to provide a voluntary Group RRSP Plan to assist with retention and provide assistance for the future retirement of the employees. The Employer will contribute to the Group RRSP Plan on a basis that matches the eligible employee's (as per Clause 23.4) contribution of two percent up to 2% of their covered pay (not including tips)gross earnings. Employees may may, at their own discretion make additional voluntary unmatched contributions to the plan. Company contributions are vested immediatelyaccording to the terms of the Group RRSP/DPSP Plan.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

Group RRSP Plan. The Employer will establish a voluntary Group RRSP Plan to assist with retention and provide assistance for the future retirement of the employees. The Employer will contribute to the Group RRSP Plan on a basis that matches the employee's contribution of two percent up to 30¢ of their covered pay (not including tipsgratuities). Employees may at their own discretion make additional voluntary unmatched contributions to the plan. Company contributions are vested immediately.

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!