Common use of RRSP Clause in Contracts

RRSP. During the Term, the Corporation will match the Executive’s Registered Retirement Savings Plan (“RRSP”) contributions, up to the applicable annual Canada Revenue Agency RRSP Money Purchase Limit (i.e., CAD$29,210 for 2022) for the fiscal year, with such matching amount not to exceed six percent (6%) of Base Salary (pro rated to reflect service in the fiscal year). RRSP deductions will be made in line with payroll, commencing on the Effective Date, and contributed directly to the Executive’s RRSP account with Li-Cycle.

Appears in 4 contracts

Samples: Employment Agreement (Li-Cycle Holdings Corp.), Employment Agreement (Li-Cycle Holdings Corp.), Employment Agreement (Li-Cycle Holdings Corp.)

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RRSP. During the Term, the Corporation will match the Executive’s Registered Retirement Savings Plan (“RRSP”) contributions, up to the applicable annual Canada Revenue Agency RRSP Money Purchase Limit (i.e., CAD$29,210 for 2022) for the fiscal year, with such matching amount not to exceed six percent (6%) of Base Salary (pro rated to reflect service in the fiscal year). RRSP deductions will be made in line with payroll, commencing on the Effective Date, and contributed directly to the Executive’s personal RRSP account with Li-Cycleaccount.

Appears in 1 contract

Samples: Employment Agreement (Li-Cycle Holdings Corp.)

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RRSP. During the Term, the Corporation will match the Executive’s Registered Retirement Savings Plan (“RRSP”) contributions, up to the applicable annual Canada Revenue Agency RRSP Money Purchase Limit (i.e., CAD$29,210 CAD$30,780 for 20222023) for the fiscal year, with such matching amount not to exceed six percent (6%) of Base Salary (pro rated to reflect service in the fiscal year). RRSP deductions will be made in line with payroll, commencing on the Effective Date, and contributed directly to the Executive’s RRSP account with Li-Cycle.

Appears in 1 contract

Samples: Employment Agreement (Li-Cycle Holdings Corp.)

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