Locked in RRSP (LRSP) means an RRSP which contains provisions required under applicable pension legislation that restrict the holder's access to the funds because they originated from a registered pension plan governed by the applicable pension legislation; marriage breakdown means divorce, annulment of your marriage, separation for the period of time required by any applicable legislation or, in the case of unmarried spouses, when you stop living together; owner or customer means the annuitant; Plan means the Scotia Self-Directed RSP, LRSP, LIRA or Federal RLSP set up with your Application;
Locked glass enclosed bulletin boards shall be provided for the posting of approved notices related to Union affairs and functions.
Locked. (the bid equals the offer) and crossed (the bid is higher than the offer) markets, halted markets, limit up (buys halted)/limit down (sales halted) which may prevent the execution of client orders.
i. Price volatility is one factor that can affect order execution. When there is a high volume of orders in the market, order imbalances and back logs can occur. This implies that more time is needed to execute the pending orders. Such delays are usually caused by the occurrence of different factors: a. the number and size of orders to be processed;
ii. The speed at which current quotations (or last-sale information) are provide to Tera and;
iii. The system capacity constraints applicable to the given exchange, as well as Tera and other firms.
Locked. Box and Company Cash Deductions 65 6.10 Employees 66
Locked in money held under the Plan is subject to attachment for the purpose of enforcing a maintenance order as defined in The Enforcement of Maintenance Orders Act. When an amount has been so attached, the Trustee shall deduct such amounts as are provided for in paragraph 29(4)(n) of the Regulations. The Annuitant will have no further claim or entitlement to any pension respecting the amount attached and the Trustee is not liable to any person by reason of having made payment pursuant to such attachment.
Locked in retirement account If, due to Plan assets having been transferred into the Plan from a registered pension plan or other locked-in registered savings plan, you have duly completed, signed and delivered an instrument in the form of a locking-in addendum for a locked-in retirement account or locked-in retirement savings plan, approved by us, such locking-in addendum shall be deemed to be part of this Declaration of Trust. In the event of a conflict, the provisions of such locking-in addendum and the provisions of applicable pension laws referred to therein shall take precedence over any conflicting provisions hereof, or of any beneficiary designation made with respect to the Plan, provided that no provision of this Declaration of Trust shall be interpreted to be in conflict with the requirements of the Applicable Tax Legislation. You agree to be bound by the terms and conditions set out in the locking-in addendum forming part of this Declaration of Trust.
Locked storage – All employees shall be provided a locked area in their building or classroom to store personal belongings.
Locked. In Funds may be transferred out from this LIRA during Your lifetime only as follows:
i) to be transferred into a pension plan registered under the Tax Act;
ii) to be transferred into another LIRA;
iii) to be transferred into a New LIF; or
iv) to purchase an immediate or deferred Annuity. We will make a transfer referred to in paragraphs i)-iv) above within 30 days after You have completed all documents for the transfer request. However, this does not apply with respect to the transfer of assets whose term of investment extends beyond the 30-day period. The transfer may be affected by transferring out any or all identifiable and transferable securities held in the LIRA, if You wish and We agree.
Locked. In Funds may not be transferred out during Your lifetime, except:
i) before the end of the year in which You reach age 71 (or such other age as the Tax Act may prescribe from time to time), to be transferred to the pension fund of a Pension Plan in which You are a member or the pension fund of a pension plan established by a provincial or federal statute and in which You are a member.
ii) before the end of the year in which You reach age 71 (or such other age as the Tax Act may prescribe from time to time), to be transferred to another LIRA You own or to Your LIF (a “LIF” is an arrangement which meets the Pension Regulations' requirements for a “life income fund” and which has also been registered as a registered retirement income fund under the Tax Act).
iii) before the end of the year in which You reach age 71 (or such other age as the Tax Act may prescribe from time to time), to purchase an immediate or deferred life annuity that meets the requirements of a “life annuity” under the Pension Regulations and the Tax Act. Such annuity cannot commence on a date which is more than 10 years before the earliest date on which You:
A. are entitled to receive a Pension Benefit under the Pension Act as a result of termination of employment or membership in any Pension Plan from which the Locked-In Funds originated; and
B. are entitled to receive a Pension Benefit under such Pension Plan as a result of termination of employment or Pension Plan membership. A deferred life annuity may only be purchased if this LIRA is closed.
iv) if an amount is required to be paid to You to reduce the amount of tax which is otherwise payable under Part X.1 of the Tax Act.
v) as may be otherwise permitted by the Pension Act and Pension Regulations from time to time.
Locked. In Funds: Assets may only be transferred to this LIF if they are locked-in under the Pension Laws and are transferred directly from a pension plan under paragraph 42(1)(b) or subsection 42(12) of the Ontario Pension Act, another LIF, an LRIF, or a LIRA in accordance with Pension Laws.
