Savings Plan for Wage Employees Sample Clauses

Savings Plan for Wage Employees. (a) Effective February 1, 1995, there will be established a Savings Plan for all wage employees (b) The Company will pay all Administrative fees of the plan. (c) The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP).
Sample 1
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Savings Plan for Wage Employees. Effective February 1, 1995, there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). The Company will contribute an amount on a per pay basis to an account established for each employee. The amount contributed will be as follows: Effective February 1, 2016 $37.23 Effective February 1, 2020 $39.00 Effective February 1, 2021 $40.00 The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre-tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. Effective January 1, 2020 a TFSA option will be made available to employees into which an employee may elect to direct voluntary contributions made by him/her. All administrative fees of the plan will be paid by the Company. 1. Employee Testing and Article 14 93 2. Company-Union Pension Committee Agreement 94
Sample 1Sample 2
Savings Plan for Wage Employees. Effective February 1, 1995, there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). The Company will contribute an amount on a per pay basis to an account established for each employee. The amount contributed will be as follows: Effective February 1, 2016 $37.23 The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre-tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. All administrative fees of the plan will be paid by the Company. 1. Employee Testing and Article 14 90 2. Company-Union Pension Committee Agreement 91 3. Compensation of Chief Xxxxxxx 94
Sample 1Sample 2
Savings Plan for Wage Employees. Effective February 1, 1995, there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). The Company will contribute an amount on a per pay basis to an account established for each employee. Then amount contributed will be as follows: Effective February 1, 2010 $31.57 Effective February 1, 2011 $32.52 Effective February 1, 2012 $33.57 The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre-tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. All administrative fees of the plan will be paid by the Company.
Sample 1Sample 2
Savings Plan for Wage Employees. (a) Effective February 1, 1995, there will be established a Savings Plan for all wage employees (b) The Company will pay all Administrative fees of the plan. (c) The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). (d) The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. (e) The Company will contribute an amount on a per pay basis to an account established for each employee as follows: effective February 1, 2015 and each year thereafter for the term of this agreement: $ 30.86. (f) Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. This Agreement is dated and effective the 1st day of March 1979. (1) Section 1 (a) The Members of the Pension Committee shall elect a Chairperson from amongst themselves and the Chairperson will be entitled to vote as a member of the Pension Committee at all times. (b) A Company appointed secretary shall record minutes of all meetings of the Pension Committee in writing. (c) In the event that the Pension Committee cannot resolve a matter before it, then such matter shall be resolved pursuant to the arbitration procedure as set out in the current Collective Bargaining Agreement between the Company and the Union. (2) Section 2 The powers and responsibilities of the Pension Committee shall be as follows: (a) In respect of any question of interpretation and application of the Pension Plan, all persons having an interest in or under the Plan shall have a right to a hearing by the Pension Committee. The determination and decision of the Pension Committee shall be conclusive and binding. (b) To receive and review the following information which the Company shall cause to be furnished to the Pension Committee: (i) A certified annual summary by the Trustee setting out the total receipts, disbursements and assets at book value, of the Pension Fund. Such statement will set out the total membership in the Plan and any increase or decrease thereof during the preceding calendar year. (ii) A copy of any Actuarial Report by the Plan’s Actuary filed with federal and provincial regulatory authorities. (c) The Pension Committee may make recommendations to the Company as follows: (i) A ways and means to improve the operat...
Sample 1
Savings Plan for Wage Employees. Effective February there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group The Company will contribute an amount on a per pay basis to an account established for each employee. The amount contributed will be as follows: Effective February Effective February Effective February The employee may direct all of the Company’s contribution to either the Group or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group are on a basis. Voluntary contributions to the Group will be limited to the employee’s annual maximum room. All Administrative fees of the plan will be paid by the Company. Note: The above summarizes the highlights of the Health Care benefits and the Pension Plan. For administrative details refer to the full texts of all plans. Such texts will be made available by the Company to the Union. Employee Testing and Article Company-Union Pension Committee Agreement Compensation of Chief Xxxxxxx Summer Students Leave of Absence for Union Business Union Executive Safety. Health, Environment Rep (Floater) Holidays Maintenance Requirements and Contracting Out Straight Time Payment for Specified Training & Education Programmes I O Safety, Health Industrial Relations Training Multi-Skilled Trades Training Programme Temporary Employees Contracting Out of Non-Core Maintenance Work Wage Supervisors Grandfathering regarding Qualifications Required in the Operating Progression Students Movement of Lab employees currently working in the Operating units, or Progressions Students Day Operator Movement of Day Lab Technicians into the Progression Movement of Operating Assistants in the Progression to Operator Temporary Pension Equalization Discipline Policy February Xxxxx Xxxxx, Chief Xxxxxxx Local Unit) Ontario Dear Xxxxx:
Sample 1
Savings Plan for Wage Employees. Effective February there will be established a Savings Plan for all wage employees.
Sample 1
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Savings Plan for Wage Employees. Effective February 1, 1995, there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). The Company will contribute an amount on a per pay basis to an account established for each employee. Then amount contributed will be as follows: Effective February 1, 2013 $34.67 Effective February 1, 2014 $35.88 Effective February 1, 2015 $37.23 The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre-tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. All administrative fees of the plan will be paid by the Company. 1. Employee Testing and Article 14 90 2. Company-Union Pension Committee Agreement 91
Sample 1

Related to Savings Plan for Wage Employees

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Salaried Employees Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are receiving the Project Manager bonus, as provided for in this MOU, shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in LAAC section 4.113(b). Salaried employees may be assigned 5/40, 4/10 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absences from work of less than a full workday. This provision applies to occasional partial day absences from work which are authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • TIME EMPLOYEES Part-time employee means an employee whose weekly scheduled hours of work on average are less than those established in Article 25 but not less than those prescribed in the Public Service Labour Relations Act.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

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