Common use of Member Club Pension Plan Contribution Clause in Contracts

Member Club Pension Plan Contribution. During each year of the term of this Agreement each Member Club in the C.F.L. shall contribute annually the amount of monies described below to the C.F.L. Players’ Pension Plan for each Player who has been on one or more Member Club’s Roster or Injured Players List or Disabled List for nine (9) or more games during each respective season: 2019 $4,100.00 2020 $4,100.00 2021 $4,100.00 During the term of this Agreement each Player shall contribute annually the amount of monies described below to the C.F.L. Players’ Pension Plan: 2019 $4,100.00 2020 $4,100.00 2021 $4,100.00 The Player’s contribution shall be deducted from the Player’s salary (1/9th of the Player’s contribution per game) and shall be paid by each Member Club to the Pension Plan on the Friday of the week following the week of the deduction. The Member Club’s contribution per Player shall be paid by each Member Club to the Pension Plan with respect to each Player within twenty-eight (28) days following the date of the ninth game of each Player. Within thirty (30) days following the date of the ninth game of each Player, the Member Clubs shall provide a written statement to the C.F.L.P.A. setting out the names of the Players and full particulars with respect to the amount of monies paid and when monies were paid by the said Member Club to the Pension Plan. In the event that any Member Club fails to make payment as provided for herein, the Member Club shall pay interest on the monies payable to the Pension Plan at the prime lending rate of the C.I.B.C. plus 3% or the rate of return earned by the Pension Plan during the time that the said Member Club failed to make payment, whichever is the greater.

Member Club Pension Plan Contribution. ‌ During each year of the term of this Agreement years 2010, 2011, 2012 and 2013 each Member Club in the C.F.L. shall contribute annually the amount of monies described below to the C.F.L. Players’ Pension Plan for each Player who has been on one or more Member Club’s Roster or Injured Players List or Disabled List for nine (9) or more games during each respective season: 2019 2010 - $4,100.00 2020 3,300.00 2011 - $4,100.00 2021 3,400.00 2012 - $4,100.00 3,500.00 2013 - $3,600.00 During each of the term of this Agreement years 2010, 2011, 2012 and 2013 each Player shall contribute annually the amount of monies described below to the C.F.L. Players’ Pension Plan: 2019 2010 - $4,100.00 2020 3,300.00 2011 - $4,100.00 2021 3,400.00 2012 - $4,100.00 3,500.00 2013 - $3,600.00 The Player’s contribution shall be deducted from the Player’s salary (1/9th of the Player’s contribution per game) and shall be paid by each Member Club to the Pension Plan on the Friday of the week following the week of the deduction. The Member Club’s contribution per Player shall be paid by each Member Club to the Pension Plan with respect to each Player within twenty-eight (28) days following the date of the ninth game of each Player. Within thirty (30) days following the date of the ninth game of each Player, the Member Clubs shall provide a written statement to the C.F.L.P.A. setting out the names of the Players and full particulars with respect to the amount of monies paid and when monies were paid by the said Member Club to the Pension Plan. In the event that any Member Club fails to make payment as provided for herein, the Member Club shall pay interest on the monies payable to the Pension Plan at the prime lending rate of the C.I.B.C. plus 3% or the rate of return earned by the Pension Plan during the time that the said Member Club failed to make payment, whichever is the greater.