Plan Limitations. The Employer will deposit the Health and Welfare in-lieu allowance from the previous month, in accordance with the provisions of Clause 31.5 of the collective agreement, into the employee's individual Health Spending Account each pay period (also referred to as HSA credits).
Plan Limitations. In the event the Company is unable to provide any benefit required to be provided under this Agreement through a plan sponsored by the Company or its Affiliates, the Company shall, at its own cost and expense, take appropriate actions to insure that alternative arrangements are made so that equivalent benefits can be provided to the Employee, including to the extent appropriate purchasing for the benefit of the Employee (and if applicable the Employee's dependents) individual policies of insurance providing benefits, which on an after-tax basis, are equivalent to the benefits required to be provided hereunder.
Plan Limitations. In the event the Company is unable to provide any benefit required to be provided under this Agreement through a plan sponsored by the IR Group (or any member thereof), the Company shall, at its own cost and expense, take appropriate actions to insure that alternative arrangements are made so that equivalent benefits can be provided to the Employee, including to the extent appropriate purchasing for the benefit of the Employee (and if applicable the Employee’s dependents) individual policies of insurance providing benefits, which on an after-tax basis, are equivalent to the benefits required to be provided hereunder.
Plan Limitations. Effective on the date of ratification the Employer will deposit the Health and Welfare in-lieu allowance, in accordance with the provisions of Clause 30.6 of the current collective agreement, into the employee's individual Health Spending Account each pay period (also referred to as HSA credits). • New casual employees shall upon successful completion of their probationary period, be credited with HSA credits equal to all hours worked from date of hire. • The Health Spending Account balance (HSA credits) will show on the employee's biweekly pay statement. • The initial HSA credits will be updated with the insurer on July 6, 2012. • HSA credits will be updated with the insurer at the end of each month, and will include all earned credits within the month up to the last completed pay date. Credits will be available to employees for eligible expenses the first of the following month. • All administration costs will be borne by the Employer. • Employees must retain receipts for eligible medical and/or dental expenses and submit them for reimbursement to the plan carrier based on their level of HSA credits earned to date. • Any expenses not submitted in the calendar year they are incurred, must be submitted within the first sixty (60) days of the following year. • Any unused HSA credits at the end of each calendar year will be rolled over into the next calendar year. • Unused credits may be rolled over for one (1) year. Once each year thereafter, the employee may request these unused HSA credits to be: (a) paid out subject to applicable taxes and in accordance with CRA; or, (b) direct deposited to the employee's RRSP or Pension Plan in accordance with CRA (without withholding tax). The employee must request the payout or direct deposit by February 28th. • Employees on layoff will have ten (10) months from their layoff date to submit any eligible expenses. The employee may request unused HSA credits to be : (a) paid out subject to applicable taxes and in accordance with CRA; or, (b) direct deposited to the employee's RRSP or Pension Plan in accordance with CRA (without withholding tax). • Upon termination of employment HSA credits will remain active for sixty (60) days, to allow for any in-process claims to clear. After an additional sixty (60) days, the employee may request unused HSA credits to be: (a) paid out subject to applicable taxes and in accordance with CRA; or, (b) direct deposited to the employee's RRSP or Pension Plan in accordance with CRA (without...
Plan Limitations. Notwithstanding anything herein to the contrary, Sections 4(d) through 4(e) above shall not apply if the Committee determines that applying any such Section would violate any restrictions under the Plan, including, without limitation, the restrictions under Section 3.4 of the Plan.
Plan Limitations. Subject to adjustment in accordance with the provisions of Sections 4(d) and 9, the total number of shares of Common Stock with respect to which Awards of Options, Restricted Shares, SARs, Performance Awards, and/or unrestricted Common Stock may be granted under this Plan may not exceed 16,000,000 shares.
Plan Limitations. Effective on the date of ratification the Employer will deposit one dollar and twenty-five cents ($1.25) into the employee’s individual Health Spending Account each pay period (also referred to as HSA credits). The Health Spending Account balance (HSA credits) will show on the employee’s biweekly pay statement. The initial HSA credits will be updated with the insurer on July 6, 2012. HSA credits will be updated with the insurer at the end of each month, and will include all earned credits within the month up to the last completed pay date. Credits will be available to employees for eligible expenses the first of the following month. All administration costs will be borne by the Employer. Employees must retain receipts for eligible medical and/or dental expenses and submit them for reimbursement to the plan carrier based on their level of HSA credits earned to date. Any expenses not submitted in the calendar year they are incurred, must be submitted within the first sixty (60) days of the following year. Any unused HSA credits at the end of each calendar year will be rolled over into the next calendar year. Unused credits may be rolled over for one (1) year. Upon termination or lay off employee HSA credits will have the same application as active employees in the Plan. Medical Services Plan premiums are not an eligible expense as per CRA requirements. Eligible Expenses: Medical expenses eligible to be paid out of the HSA’s are expenses which would otherwise qualify as medical expenses within Section 118.2(2) of the Income Tax Act. CRA approved basic medical expenses are listed below. Please not that a full listing of eligible expenses can be accessed via the CRA website and are updated on a frequent basis.
Plan Limitations. This Agreement and the Option evidenced hereby are ---------------- made and granted pursuant to the provisions of the Plan and shall accordingly be subject to the terms, conditions, limitations and restrictions of the Plan. A copy of the Plan shall be made available to Optionee upon written request to the Company at the address specified in Paragraph 19. All decisions of the Plan Administrator with respect to any question or issue arising under the Plan or this Agreement shall be conclusive and binding upon all persons having an interest in this Option.
Plan Limitations. (1) Effective on the date of ratification the Employer will deposit the health and welfare in-lieu allowance, in accordance with the provisions of Clause 30.9 of the current Collective Agreement, into the employee’s individual Health Spending Account each pay period (also referred to as HSA credits).
Plan Limitations. The provisions of this contract and the exercise of Participants' rights hereunder are subject to any conditions and/or limitations imposed by the Plan. We shall rely on representations made by the Contract Holder regarding the content and meaning of any provision of the Plan. Except with respect to contract fees and charges, where the terms of the Plan are inconsistent with this contract, the terms of the Plan shall govern unless such interpretation would cause this contract to fail to qualify as an annuity that satisfies the requirements of Section 403(b) of the Code. DISCONTINUANCE OF ENROLLMENT UNDER THIS CONTRACT We may notify You that no new Participants will be enrolled under this contract on and after a specified date not earlier than 60 days after the date of the notice. Thereafter, only purchase payments for persons who are Participants on the specified date will be accepted under this contract, subject to any payment limitations in the contract. In all other respects this contract will continue to operate according to its terms.
