Redemption Due to Absence from Canada Sample Clauses

Redemption Due to Absence from Canada. In Alberta, Ontario, British Columbia, Quebec, Manitoba, Saskatchewan, in Nova Scotia and under federal pension legislation, the contractholder may request redemption of the whole value of the contract associated with the SSQ LIRA plan in accordance with the pension legislation and request that this value be paid in a lump sum if he remains outside of Canada for two years or more, or if he becomes a non resident of Canada within the meaning intended under the Income Tax Act (Canada), according to the requirement upheld under applicable pension legislation. In New-Brunswick, the contractholder may request redemption of the whole value of the contract associated with the SSQ LIRA plan in accordance with the pension legislation and request that this value be paid in a lump sum if he remains outside of Canada for two years or more and becomes a non resident of Canada within the meaning intended under the Income Tax Act (Canada), according to the requirement upheld under applicable pension legislation. In New-Brunswick, the payment may only be made if the eligible spouse of the contractholder has waived the joint life pension entitlement. The contractholder must thus include with the redemption application, a written statement from the eligible spouse confirming the spouse’s consent to the redemption made under such circumstances in accordance with applicable pension legislation, by filling out the Form approved under this legislation. In British Columbia, the payment may only be made if the eligible spouse of the contractholder has waived the joint life pension entitlement. The contractholder must thus include with the redemption application, a written statement from the eligible spouse confirming the spouse’s consent to the redemption made under such circumstances in accordance with applicable pension legislation, by filling out the Form approved under this legislation. In Alberta, if the contractholder is the original owner of the asset in the SSQ LIRA and has an eligible spouse when the application is made, then SSQ will proceed with the redemption request only if such eligible spouse has executed the waiver in the Form approved under this legislation. In Manitoba, the contractholder must provide SSQ with a written confirmation from the CRA regarding the non-resident status and the form authorizing withdrawal by the spouse according to the terms and conditions approved by the applicable pension legislation. In Saskatchewan, the contractholder must provide S...
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Related to Redemption Due to Absence from Canada

  • Transfer Due to Divorce If all or any part of your Xxxx XXX is awarded to your spouse or former spouse in a divorce or legal separation proceeding, the amount so awarded will be treated as the spouse’s Xxxx XXX (and may be transferred pursuant to a court-approved divorce decree or written legal separation agreement to another Xxxx XXX of your spouse), and will not be considered a taxable distribution to you. A transfer is a tax-free direct movement of cash and/or property from one Xxxx XXX to another.

  • ABSENCE FROM DUTY Unless a provision of this agreement states otherwise (e.g. sick leave), an employee not attending for duty will lose their pay for the actual time of such non- attendance.

  • Changes Due to a Life Event After the initial enrollment period and outside of any open enrollment period, an employee may elect to change health or dental coverage (including adding or canceling coverage) and any applicable employee contributions in the following situations (as long as allowed under the applicable provisions, regulations, and rules of the federal and state law in effect at the beginning of the plan year). The request to change coverage must be consistent with a change in status that qualifies as a life event, and does not include changing health or dental plans, which may only be done under the terms of Section 5A above. Any election to add coverage must be made within thirty (30) days following the event, and any election to cancel coverage must be made within sixty (60) days following the event. (An employee and a retired employee may add dependent health or dental coverage following the birth of a child or dependent grandchild, or following the adoption of a child, without regard to the thirty (30) day limit.) These life events (for both employees and retirees) are:

  • Termination Due To Lack of Funds a. In the event funds to finance this Contract become unavailable, the Department may terminate the Contract upon no less than twenty-four (24) hours written notice to the Vendor. Said notice shall be delivered by certified mail, return receipt requested, or in person with proof of delivery. The Department shall be the final authority as to the availability of funds.

  • ABSENCE FROM WORK Subject to the trust deed to the fund of which an employee is a member, the following provisions will apply.

  • Approved Leave of Absence With Pay During Vacation When an employee is qualified for bereavement leave, sick leave or any other approved leave with pay during her vacation period, there shall be no deduction from the vacation credits for such leave. In the case of sick leave, this section shall only apply when the period of illness or injury is in excess of two (2) days and a note from a physician may be required. The period of vacation so displaced shall be taken at a mutually agreed time. An employee intending to claim displaced vacation leave must advise the Employer and provide necessary documentation within seven (7) days of returning to work.

  • REAPPOINTMENT AFTER ABSENCE DUE TO CHILDCARE a) Employees who resign to care for a dependent pre-school child or children may apply to their former employer for preferential appointment to a position which is substantially the same in character and at the same or lower grading as the position previously held.

  • Refund for Withdrawal Due to Non-Delivery of Course The PEI will notify the Student within three (3) working days upon knowledge of any of the following:

  • Return from Leave of Absence (a) Before a Nurse may return to work from a leave granted under Article 9.00, she or he must provide a minimum of four (4) weeks written notice of the specific date of his or her return to work, or such shorter time as mutually agreed.

  • Ineligibility Due to Age Whereas coverage under the Benefit Plan ceases for the plan participant because of age, an amount equivalent to the contributions to the Trust Fund, will be paid to that employee and treated as wages. This is the hourly Employer contribution amount outlined in Schedule “A”.

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