Common use of Prior Pension Plan Clause in Contracts

Prior Pension Plan. It is agreed and understood that Ventra Group Inc. is not liable or in any way responsible for or liable to contribute to the Pension Plan for Employees of Pebra Inc. who are Member of C.A.W. Local 1524 and 1987, which pension plan was continued by JPE Canada Inc. (the “Prior Pension Plan”) and that such Prior Pension Plan does not form part of this amended collective agreement. The C.A.W. agrees that upon this amended collective agreement coming into force that it will apply immediately to the Superintendent of Financial Institutions (the “Superintendent”) and request that the Superintendent take steps to wind-up the Prior Pension Plan. It is agreed and understood that Ventra Group Inc. is not and never was the employer in relation to the Prior Pension Plan. It is further agreed and understood that Ventra Group Inc. has no liability in respect of the Prior Pension Plan in respect of either current or former members.

Prior Pension Plan. It is agreed and understood that Ventra Group Inc. is not liable or in any way responsible for or liable to contribute to the Pension Plan for Employees of Pebra Inc. who are Member of C.A.W. UNIFOR. Local 1524 and 1987, which pension plan was continued by JPE Canada Inc. (the “Prior Pension Plan”) and that such Prior Pension Plan does not form part of this amended collective agreement. The C.A.W. UNIFOR. agrees that upon this amended collective agreement coming into force that it will apply immediately to the Superintendent of Financial Institutions (the “Superintendent”) and request that the Superintendent take steps to wind-up the Prior Pension Plan. It is agreed and understood that Ventra Group Inc. is not and never was the employer in relation to the Prior Pension Plan. It is further agreed and understood that Ventra Group Inc. has no liability in respect of the Prior Pension Plan in respect of either current or former members.