Revenue Canada. Should in the future Revenue Canada, render a decision that deductions on gratuities for personal income taxes, contributions to the Canada Pension Plan and Employment Insurance premiums are no longer required, the provisions of (b) & (c) stated above shall be substituted by the following: In order to comply with the provisions indicated in (a) of this Article the Company shall remit in trust to the Union Gratuities Committee on the 16th day of each month the amount as stated in (a). Furthermore, the following information shall be supplied with the remittance: A photocopy of the information sheet with: the name of the organized activity; the date of the organized activity; the amount of gratuities involved. The Company will allow the practice to resume in relation to submission of gratuity sheets as was done in the past.
Revenue Canada. Should in the future Revenue Canada, render a decision that deductions on gratuities for personal income taxes, contributions to the Canada Pension Plan and Employment Insurance premiums are no longer required, the provisions of (b) &
Revenue Canada. Each of the Plans is in compliance with all applicable provisions of the Code and ERISA; each of the Plans and related trusts intended to be "qualified" within the meaning of Sections 401(a) and 501(a) of the Code has received a favorable determination letter from the IRS and nothing has occurred to cause the loss of such qualified status; no Plan has an accumulated or waived funding deficiency within the meaning of Section 412 of the Code; all contributions required to be made by Newcourt or any Newcourt Subsidiary to any Plan have been made by the due date; neither Newcourt nor any ERISA Affiliate has incurred, directly or indirectly, any liability to or on account of a Plan pursuant to Title IV of ERISA (other than for premiums not yet due to the Pension Benefit Guaranty Corporation); to the knowledge of Newcourt no proceedings have been instituted to terminate any Plan that is subject to Title IV of ERISA; no "reportable event," as such term is defined in Section 4043(c) of ERISA, has occurred with respect to any Plan (other than a reportable event with respect to which the thirty day notice period has been waived); and no condition exists that presents a risk to Newcourt of incurring a liability to or on account of a Plan pursuant to Title IV of ERISA; no Plan is a multiemployer plan (within the meaning of Section 4001(a)(3) of ERISA) and no Plan is a multiple employer plan (as defined in Section 413 of the Code); except as required by Section 4980B of the Code or Part 6 of Title I of ERISA, no Plan provides post-retirement welfare benefits and there are no pending, or to the knowledge of Newcourt, threatened or anticipated claims (other than routine claims for benefits) by, on behalf of or against any of the Plans or any trusts related thereto or against Newcourt, any Newcourt Subsidiary or any individual or entity for which the Plans, Newcourt or any Newcourt Subsidiary may have liability; all employee benefit plans that are subject to the laws of any jurisdiction outside the United States are in compliance with such applicable laws and the requirements of any trust deed or other document under which they are established or maintained.
Revenue Canada. The Board, the Union and the participating employees agree that the Plan will comply with the requirements of Revenue Canada for deferred salary leave plans and that they will make any changes necessary. The participating employees in the Plan hereby agree to indemnify and hold harmless the Board and the Union for the effects of participation in the Plan on the employees' Pension Plan, income tax deductions, Employment Insurance, Canada Pension Plan or other additional matters affected by the Plan.
