Common use of Pension and Life Insurance Clause in Contracts

Pension and Life Insurance. 17.1 It is understood and agreed that the eligible employees covered by this Collective Agreement will be under EO Generation L.P. Defined Contribution Pension Plan. 17.2 The Company shall administer two (2) optional contributory Group Life Insurance Plans (Option 1 and Option 2) for regular employees during the term of this agreement. The employee contribution for such basic group life insurance is 100% of premium costs paid for through payroll deduction. Plan details are as follows: i) 150% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. ii) Supplementary Insurance of $7,000 with the purchase of Optional Life Insurance. i) 250% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. ii) Supplementary Insurance of $7,000 with the purchase of the Optional Life Insurance. Coverage for Option 1 and Option 2 terminates upon: – The date that current employment ends; – The date that the employee or his/her dependents cease to qualify for coverage based on the plan’s eligibility requirements; – The date the insured employee enters armed services on full-time duty; – The date that the Company receives a written request from the insured employee to terminate the insurance; – The date the insured employee attains the age of 65; – The date the insured employee retires; – The date the Group Plan is cancelled The first $40,000 of coverage of basic group life insurance will include a double indemnity provision for regular employees in the event of accidental death arising out of or in the course of their employment. For any employee who retires prior to the age of 65, the existing coverage under Option 1 or Option 2 may be converted at the employee’s request, without medical evidence, to a private individual plan under the terms of this arrangement with the insurance carrier for which the employee will be responsible to maintain premium payment directly to the insurer to keep the coverage in effect.

Pension and Life Insurance. 17.1 It is understood and agreed that the eligible employees covered by this Collective Agreement will be under EO Generation L.P. the Canadian Niagara Power Defined Contribution Pension Plan. 17.2 The Company company shall administer two (2) optional contributory Group Life Insurance Plans (Option 1 and Option 2) for regular employees during the term of this agreement. The employee contribution for such basic group life insurance is 100% of premium costs paid for through payroll deduction. Plan details are as follows: (i) 150% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. (ii) Supplementary Insurance of $7,000 with the purchase of Optional Life Insurance. (i) 250% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. (ii) Supplementary Insurance of $7,000 with the purchase of the Optional Life Insurance. Coverage for Option 1 and Option 2 terminates upon: – - The date that current employment ends; – - The date that the employee or his/her dependents cease to qualify for coverage based on the plan’s eligibility requirements; – - The date the insured employee enters armed services on full-time duty; – - The date that the Company receives a written request from the insured employee to terminate the insurance; – - The date the insured employee attains the age of 65; – - The date the insured employee retires; – - The date the Group Plan is cancelled The first $40,000 of coverage of basic group life insurance will include a double indemnity provision for regular employees in the event of accidental death arising out of or in the course of their employment. For any employee who retires prior to the age of 65, the existing coverage under Option 1 or Option 2 may be converted at the employee’s request, without medical evidence, to a private individual plan under the terms of this arrangement with the insurance carrier for which the employee will be responsible to maintain premium payment directly to the insurer to keep the coverage in effect.

Pension and Life Insurance. 17.1 It is understood and agreed that the eligible employees covered by this Collective Agreement will be under EO Generation L.P. Defined Contribution Pension Plan. 17.2 The Company shall administer two (2) optional contributory Group Life Insurance Plans (Option 1 and Option 2) for regular employees during the term of this agreement. The employee contribution for such basic group life insurance is 100% of premium costs paid for through payroll deduction. Plan details are as follows: i) 150% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. ii) Supplementary Insurance of $7,000 with the purchase of Optional Life Insurance. i) 250% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. ii) Supplementary Insurance of $7,000 with the purchase of the Optional Life Insurance. Coverage for Option 1 and Option 2 terminates upon: – − The date that current employment ends; – − The date that the employee or his/her their dependents cease to qualify for coverage based on the plan’s eligibility requirements; – − The date the insured employee enters armed services on full-time duty; – − The date that the Company receives a written request from the insured employee to terminate the insurance; – − The date the insured employee attains the age of 65; – − The date the insured employee retires; – − The date the Group Plan is cancelled The first $40,000 of coverage of basic group life insurance will include a double indemnity provision for regular employees in the event of accidental death arising out of or in the course of their employment. For any employee who retires prior to the age of 65, the existing coverage under Option 1 or Option 2 may be converted at the employee’s request, without medical evidence, to a private individual plan under the terms of this arrangement with the insurance carrier for which the employee will be responsible to maintain premium payment directly to the insurer to keep the coverage in effect.

Pension and Life Insurance. 17.1 It is understood and agreed that the eligible employees covered by this Collective Agreement will be under EO Generation L.P. the Canadian Niagara Power Defined Contribution Pension Plan. 17.2 The Company company shall administer two (2) optional contributory Group Life Insurance Plans (Option 1 and Option 2) for regular employees during the term of this agreement. The employee contribution for such basic group life insurance is 100% of premium costs paid for through payroll deduction. Plan details are as follows: (i) 150% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. (ii) Supplementary Insurance of $7,000 with the purchase of Optional Life Insurance. (i) 250% of annual basic earnings rounded upwards to the nearest $1,000 up to a maximum of $600,000. (ii) Supplementary Insurance of $7,000 with the purchase of the Optional Life Insurance. Coverage for Option 1 and Option 2 terminates upon: – - The date that current employment ends; – - The date that the employee or his/her their dependents cease to qualify for coverage based on the plan’s eligibility requirements; – - The date the insured employee enters armed services on full-time duty; – - The date that the Company receives a written request from the insured employee to terminate the insurance; – - The date the insured employee attains the age of 65; – - The date the insured employee retires; – - The date the Group Plan is cancelled The first $40,000 of coverage of basic group life insurance will include a double indemnity provision for regular employees in the event of accidental death arising out of or in the course of their employment. For any employee who retires prior to the age of 65, the existing coverage under Option 1 or Option 2 may be converted at the employee’s request, without medical evidence, to a private individual plan under the terms of this arrangement with the insurance carrier for which the employee will be responsible to maintain premium payment directly to the insurer to keep the coverage in effect.