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.

  • Termination Due to Retirement Subject to Section 7 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

  • ABSENCE FROM WORK In case an employee is unavoidably kept from work he will not be discriminated against. An employee detained from work on account of sickness or for any other good cause must, if possible, advise the Xxxxxxx prior to the commencement of his/her shift.

  • 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.

  • Termination Due to Death If the Optionee’s employment terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).

  • Termination Due to Death or Disability The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

  • 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: (i) It does not commence the Course on the Course Commencement Date; (ii) It terminates the Course before the Course Commencement Date; (iii) It does not complete the Course by the Course Completion Date; (iv) It terminates the Course before the Course Completion Date; (v) It has not ensured that the Student meets the course entry or matriculation requirement as set by the organisation stated in Schedule A within any stipulated timeline set by CPE; or (vi) The Student’s Pass application is rejected by Immigration and Checkpoints Authority (ICA). The Student should be informed in writing of alternative study arrangements (if any), and also be entitled to a refund of the entire Course Fees and Miscellaneous Fees already paid should the Student decide to withdraw, within seven (7) working days of the above notice.

  • 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. (b) Upon return from an approved Unpaid Leave of Absence, a Nurse shall be reinstated to her or his former position unless the position has been discontinued, in which case the Nurse shall be appointed to an equivalent position. (c) This clause requiring four (4) weeks written notice, does not apply to other leaves granted by an express provision of this Collective Agreement with different requirements for written notice.

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