Group RSP Sample Clauses

Group RSP. If the Plan is part of a Group RSP. You are required to be an employee or member, or the spouse or common-law partner of the employee or member, of the sponsoring organization of the Group RSP named in the Application (the "Group Sponsor"). You accept the Group Sponsor as your Agent for the purposes of constituting the plan. Upon your ceasing to be an employee or member of the Group Sponsor and upon notification from the Group Sponsor being received by us, the following will apply: a) We will not accept any further contributions to this Plan; and b) You shall provide us with written notice to transfer the Plan to a self-directed RRSP, self-directed RRIF with us or another financial institution which is not part of the Group RSP. If we do not receive your written instructions within fifteen (15) days from the date we receive notice from the Group Sponsor, you will be deemed to have instructed us to transfer Plan Assets and to act as your attorney to execute documents and make elections necessary to establish another RSP or RIF, selected by us in our sole discretion and to apply for registration of such RSP or RIF under Applicable Tax Legislation.
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Group RSP. Effective March 1, 2009, the Employer agrees to make, on behalf of each employee, contributions towards the Royal Bank of Canada Group RSP #4223 equivalent to five percent (5%) of gross salary in each pay period. Employees shall have a deduction in each pay period equal to the amount the Employer contributed on their behalf. Employees may choose to contribute more to their RSP at any time.
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Group RSP. If the Plan is a Group retirement savings plan, you or your spouse are required to be an employee of the Employer named in the Application. You acknowledge that the Employer is acting as your agent. If you cease to be an employee of the Employer, the following will apply following receipt of such notice from the Employer to us: a. We will accept no further contributions to this Plan; b. You shall direct us to amend the Plan to transfer the value of the Plan to another retirement savings plan (which is not a group plan and which may be with us). Should you fail to provide such written notice within 15 days, we are hereby directed to amend the Plan to transfer the investments to another retirement savings plan which is not a group plan, or alternatively and in our sole discretion, to a registered retirement income fund with us and to apply for registration of the said plan.
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Group RSP. If the Plan is part of a group retirement savings plan (“Group RSP”), you are required to be an employee or member, or the spouse or common-law partner of the employee or member, of the sponsoring organization of the Group RSP named in the application (the “Group Sponsor”). You accept the Group Sponsor as your agent for the purposes of constituting the plan. You hereby appoint the Plan Sponsor to act as your agent for certain limited purposes with respect to the administration of the Plan, including, without limiting the generality of the foregoing, receiving information on the Plan from time to time, delivering your directions to the Agent, and submitting Contributions to the Agent. You acknowledge that the Plan Sponsor’s arrangement with the Agent and yourself imposes certain additional terms and conditions on the Plan referred to in this Declaration. Notwithstanding paragraph 2, in addition to Contributions made by you, or your spouse or common-law partner, the Agent may accept any Contribution made on your behalf by the Plan Sponsor. You also acknowledge that where the Plan Sponsor makes regular Contributions to the Plan on your behalf, those Contributions may be suspended if you make a withdrawal from the Plan. For this reason, notwithstanding paragraph 9, you are required to provide the Plan Sponsor with a withdrawal request prior to any withdrawal from the Plan being effected.] Upon your ceasing to be an employee or member of the Group Sponsor and upon notification from the Group Sponsor being received by us, the following will apply: a) We will not accept any further contributions to this Plan; and b) You shall provide us with written notice to transfer the Plan to a self-directed RRSP, self-directed RRIF with us or another financial institution which is not part of the Group RSP. If we do not receive your written instructions within fifteen (15) days from the date we receive notice from the Group Sponsor, you will be deemed to have instructed us to transfer Plan Assets and to act as your attorney to execute documents and make elections necessary to establish another retirement savings plan (“RSP”) or retirement income fund (“RIF”), selected by us in our sole discretion and to apply for registration of such RSP or RIF under applicable legislation.
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Group RSP. 18.01 a) Providing the Employee contributes a minimum of fifty cents ($0.50) per hour, the Employer shall match this contribution to a maximum of fifty cents ($0.50) per hour for all regular hours worked by each employee to the group RSP administered by the CLAC Health and Welfare Trust Fund,
Sample 1
Group RSP. 17.01 The Christian Labour Association of Canada (CLAC) Group Retirement Savings Plan (“RSP”), administered by the CLAC Group RSP Board of Trustees, applies to all employees covered by this Collective Agreement. 17.02 New employees will join the RSP upon completing the specified probationary period as defined in Article 6.03. 17.03 Employees are responsible for completing the applicable form, provided by the CLAC Retirement Team, in order to register the contributions remitted by the Employer. 17.04 The Employer agrees to contribute the Group RSP amount set out in Schedule “B”, for each employee, based on the employee’s base wages for all hours worked. This contribution will be remitted to the applicable CLAC Remittance Team.
Sample 1
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Group RSP. 17.01 The Company agrees to continue the present plan with the Company and employee each contributing ninety-five cents (95¢) per hour for each hour worked to a maximum of twenty-two hundred (2200) hours annually. Effective June 10, 2019 amend matching contributions from ninety-five cents (95¢) cents to one dollar ($1.00) per hour.
Sample 1
Group RSP. 24.01 All employees, except relief employees, who have completed six months service shall have the following amounts deducted from their bi-weekly pay and contributed towards the employee’s Group RSP: • $ 40 per pay for Full time Employees • $ 30 per pay for .75 Part time Employees • $ 20 per pay for .5 Part time Employees 24.02 Eligible employees can opt to individually contribute additional funds to the Group RSP from their salary by providing the Employer with written authorization on the appropriate form(s).
Sample 1

Related to Group RSP

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Pre-Paid Leave Plan The Hospital agrees to introduce a pre-paid leave program, funded solely by the nurse, subject to the following terms and conditions: (a) The plan is available to nurses wishing to spread four (4) years' salary over a five (5) year period, in accordance with Part LXVIII of the Income (b) The nurse must make written application to the Chief Nursing Officer or Supervisor at least six (6) months prior to the intended commencement date of the program (i.e., the salary deferral portion), stating the intended purpose of the leave. (c) The number of nurses that may be absent at any one time shall be determined by local negotiations. The year for purposes of the program shall be September 1 of one year to August 31 the following year or such other twelve (12) month period as may be agreed upon by the nurse, the local Union and the Hospital. (d) Written applications will be reviewed by the Chief Nursing Officer, Supervisor or designate. Leaves requested for the purpose of pursuing further formal nursing education will be given priority. Applications for leaves requested for other purposes will be given the next level of priority on the basis of seniority. (e) During the four (4) years of salary deferral, 20% of the nurse's gross annual earnings will be deducted and held for the nurse and will not be accessible to her or him until the year of the leave or upon withdrawal from the plan. (f) The manner in which the deferred salary is held shall be at the discretion of the Hospital. (g) All deferred salary, plus accrued interest, if any, shall be paid to the nurse at the commencement of the leave or in accordance with such other payment schedule as may be agreed upon between the Hospital and the nurse. (h) All benefits shall be kept whole during the four (4) years of salary deferral. During the year of the leave, seniority will accumulate. Service for the purpose of vacation and salary progression and other benefits will be retained but will not accumulate during the period of leave. Full-time nurses shall become responsible for the full payment of premiums for any health and welfare benefits in which they are participating. Contributions to the Hospitals of Ontario Pension Plan will be in accordance with the Plan. Full-time nurses will not be eligible to participate in the disability income plan during the year of leave. (i) A nurse may withdraw from the plan at any time during the deferral portion provided three (3) months notice is given to the Chief Nursing Officer or Supervisor. Deferred salary, plus accrued interest, if any, will be returned to the nurse, within a reasonable period of time. (j) If the nurse terminates employment, the deferred salary held by the Hospital plus accrued interest, if any, will be returned to the nurse within a reasonable period of time. In case of the nurse's death, the funds will be paid to the nurse's estate. (k) The Hospital will endeavour to find a temporary replacement for the nurse as far in advance as practicable. If the Hospital is unable to find a suitable replacement, it may postpone the leave. The Hospital will give the nurse as much notice as is reasonably possible. The nurse will have the option of remaining in the Plan and rearranging the leave at a mutually agreeable time or of withdrawing from the Plan and having the deferred salary, plus accrued interest, if any, paid out to the nurse within a reasonable period of time. (l) The nurse will be reinstated to her or his former position unless the position has been discontinued, in which case the nurse shall be given a comparable job. (m) Final approval for entry into the pre-paid leave program will be subject to the nurse entering into a formal agreement with the Hospital in order to authorize the Hospital to make the appropriate deductions from the nurse's pay. Such agreement will include: i) A statement that the nurse is entering the pre-paid leave program in accordance with Article 11.11 of the Collective Agreement. ii) The period of salary deferral and the period for which the leave is requested. iii) The manner in which the deferred salary is to be held. The letter of application from the nurse to the Hospital to enter the pre- paid leave program will be appended to and form part of the written agreement.

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

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