Common use of Limitation on Pension Rights and Entitlements Clause in Contracts

Limitation on Pension Rights and Entitlements. It is further agreed that the seniority and service recognition described in Paragraph number (1) above shall not apply with respect to pension rights or entitlements under said Collect Agreement for persons entering the bargaining unit on or about June 18, 1996 who were previously in the employ of Xxxxx Xxxxx Chrysler. Without limiting the generality of the foregoing, and for greater clarity and certainty, it is agreed that pension rights and entitlements for said persons under the Collective Agreement between the Employer and the Union who are signatory to this Letter of Understanding shall be deemed to commence effective on and from June 18, 1996. the provisions of this Paragraph number (2) shall apply unless applicable legislation expressly provides otherwise, in which case such legislation shall prevail.

Limitation on Pension Rights and Entitlements. It is further agreed that the seniority and service recognition described in Paragraph number (1) above shall not apply with respect to pension rights or entitlements under said Collect Agreement for persons entering the bargaining unit on or about June 18, 1996 who were previously in the employ of Xxxxx Xxxxx Chrysler. Without limiting the generality of the foregoing, and for greater clarity and certainty, it is agreed that pension rights and entitlements for said persons under the Collective Agreement between the Employer and the Union who are signatory to this Letter of Of Understanding shall be deemed to commence effective on and from June 18, 1996. the provisions of this Paragraph number (2) shall apply unless applicable legislation expressly provides otherwise, in which case such legislation shall prevail.