Common use of Group RRSP Clause in Contracts

Group RRSP. B-7.01 Each employee who has seniority rights under this Agreement will be eligible to participate in the Company’s Group Registered Retirement Savings Plan (“the Group RRSP”). The Company agrees to match, to the maximums set forth in Appendix B- 7.02, employee contributions to the Group RRSP for those employees who contribute an amount no less than the amount which the Company is required to contribute pursuant to Appendix B-7.02. The Company will administer payroll deductions for participating employees. Contributions will be sent to the Group RRSP by the Company on the same dates that regular payroll is paid by the Company. The Company’s contribution and the employee’s contribution will be itemized on the employee’s pay stub. B-7.02 The minimum Group RRSP contribution which may be made by a participating employee and the maximum Company matching contribution will be five percent (5%) of the employee’s regular straight time wages. B-7.03 An employee who enrolls in the Group RRSP and withdraws any funds from the Group RRSP prior to termination or retirement will not be entitled to receive any matching contributions from the Company to the Group RRSP at any time thereafter. B-7.04 It is agreed that employees may opt to contribute more than the percentages set forth in Appendix B-7.02, but the Company is only obligated to contribute the percentages set forth in Appendix B-7.02. BETWEEN: AND hereinafter referred to as the "Company" chartered by the United Food & Commercial Workers International Union, hereinafter referred to as the "Union". The Company will, where determined by it to be necessary, replace up to one (1) microwave each year in each of the two (2) new lunch rooms and up to two (2) microwaves each year in the old lunchroom, for a maximum total of four (4) microwaves during the period July 1 to June 30 each year. The Employer will also maintain and provide hot water kettles for each lunchroom.