Common use of LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE Clause in Contracts

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "shadow" salary for Employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee for the level of such "shadow" salary. Effective January 1, 1992 "shadow" salary shall mean the base salary of the Employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. The use of the "shadow" salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "shadow" salary for those Employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "shadow" salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "shadow" salary established, and the Employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "shadow" salary.

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "shadow" salary for Employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee for the level of such "shadow" salary. Effective January 1, 1992 "shadow" salary shall mean the base salary of the Employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. The use of the "shadow" salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "shadow" salary for those Employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - – August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "shadow" salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "shadow" salary established, and the Employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "shadow" salary.

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "shadow" salary for Employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee for the level of such "shadow" salary. Effective January 1, 1992 "shadow" salary shall mean the base salary of the Employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. The use of the "shadow" salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "shadow" salary for those Employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - – August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "shadow" salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "shadow" salary established, and the Employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "shadow" salary.

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "“shadow" ” salary for Employees employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employeeemployee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee employee for the level of such "“shadow" ” salary. Effective January 1, 1992 "“shadow" ” salary shall mean the base salary of the Employee employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. The use of the "“shadow" ” salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "“shadow" ” salary for those Employees employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "“shadow" ” salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "“shadow" ” salary established, and the Employee employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "“shadow" ” salary.

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "shadow" “shadow ” salary for Employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee for the level of such "shadow" “shadow ” salary. Effective January 1, 1992 "“shadow" ” salary shall mean the base salary of the Employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. The use of the "shadow" “shadow ” salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "“shadow" ” salary for those Employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "shadow" “shadow ” salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "“shadow" ” salary established, and the Employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "shadow" “shadow ” salary.

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "shadow" salary for Employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee for the level of such "shadow" salary. Effective January 1, 1992 "shadow" salary shall mean the base salary of the Employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. The use of the "shadow" salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "shadow" salary for those Employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "shadow" salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "shadow" salary established, and the Employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "shadow" salary.

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "“shadow" ” salary for Employees employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employeeemployee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee employee for the level of such "“shadow" ” salary. Effective January 1, 1992 "“shadow" ” salary shall mean the base salary of the Employee employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. , The use of the "“shadow" ” salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "“shadow" ” salary for those Employees employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "“shadow" ” salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "“shadow" ” salary established, and the Employee employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "“shadow" ” salary.

LETTER OF UNDERSTANDING – LONG TERM DISABILITY INSURANCE. The Employer agrees, effective January 1, 1992, to maintain a "“shadow" ” salary for Employees receiving Long Term Disability benefits, and to make such additional contributions to the York University Pension Plan, on behalf of that Employee. Contributions to the Pension Plan will be at the level of contributions required by the Employer and the Employee for the level of such "“shadow" ” salary. Effective January 1, 1992 "“shadow" ” salary shall mean the base salary of the Employee at the time of commencement of Long Term Disability, increased annually to the lesser of the negotiated increase to Job Rate or the Toronto CPI average for the preceding twelve (12) month period ending August 31. The use of the "“shadow" ” salary shall be solely for the purpose of pension calculations for persons who receive payments from the Long Term Disability Plan and does not pertain to any other clause in the Collective Agreement. The "“shadow" ” salary for those Employees who commenced LTD benefits on or before August 31, 1991 shall be set at the Job Rate in effective September 1, 1991 - August 31, 1992 or the Job Rate that was in effect 1990/91 plus the average Toronto CPI for the preceding twelve (12) months ending August 31, 1991, whichever is the lesser. Such "“shadow" ” salary shall be adjusted annually commencing September 1, 1992 as outlined above. At retirement, Final Average earnings shall be based upon the annual "“shadow" ” salary established, and the Employee shall be credited for Pension Plan purposes with a full year of service for each year for which Pension Plan contributions are made on the "“shadow" ” salary.