Common use of Retirement Fund Clause in Contracts

Retirement Fund. Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to eight and one-half percent (8.5%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have the Member’s compensation reduced by means of a payroll deduction and to have the deducted amounts paid on the Member’s behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Retirement Fund. Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to eight and one-half six percent (8.56%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have the Member’s his or her compensation reduced by means of a payroll deduction and to have the deducted amounts paid on the Member’s his or her behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth (4th) day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Fund. Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to eight and one-half percent (8.5%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have the Member’s his or her compensation reduced by means of a payroll deduction and to have the deducted amounts paid on the Member’s his or her behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Retirement Fund. Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to eight and one-half percent (8.58%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have the Member’s his or her compensation reduced by means of a payroll deduction and to have the deducted amounts paid on the Member’s his or her behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth (4th) day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.

Appears in 1 contract

Samples: Collective Agreement

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