Common use of SUB Plan Clause in Contracts

SUB Plan. i. The SUB Plan must be in accordance with subsection 37(2) of the Employment Insurance Regulations and registered with Service Canada. ii. The SUB Plan will supplement EI benefits for periods of unemployment when participating in the training as prescribed by the terms of the Program. iii. Verification that the employees have applied for and are in receipt of EI benefits will be made before SUB payments are paid. iv. The SUB is payable at 95% of the employee’s normal weekly earnings while the employee is serving the EI waiting period. v. The gross amount of EI benefits the SUB payment will equal 95% of the employee’s normal weekly earnings. vi. Service Canada - SUB Plan will be informed in writing of any changes to the SUB Plan within 30 days of the effective date of the change. vii. The SUB Plan is financed by the Employer’s general revenues. A separate record of all SUB payments will be kept by the Employer. viii. Payments of guaranteed annual remuneration, deferred remuneration, or severance pay will not be reduced or increased by SUB payments. ix. Employees do not have the right to SUB payments except during the periods of unemployment when participating in the training as prescribed by the terms of the Program.

SUB Plan. i. The SUB Plan plan must be in accordance with subsection 37(2) of the Employment Insurance Regulations and registered with Service Canada. ii. The SUB Plan plan will supplement EI benefits for periods of unemployment when participating in the training as prescribed by the terms of the Program. iii. Verification that the employees have applied for and are in receipt of EI benefits will be made before SUB payments are paid. iv. The SUB is payable at 95% of the employee’s normal weekly earnings while the employee is serving the EI waiting period. v. The gross amount of EI benefits plus the SUB payment will equal 95% of the employee’s normal weekly earnings. vi. Service Canada - SUB Plan Program will be informed in writing of any changes to the SUB Plan plan within 30 days of the effective date of the change. vii. The SUB Plan plan is financed by the Employer’s general revenues. A separate record of all SUB payments will be kept by the Employer. viii. Payments of guaranteed annual remuneration, deferred remuneration, or severance pay will not be reduced or increased by SUB payments. ix. Employees do not have the right to SUB payments except during the periods of unemployment when participating in the training as prescribed by the terms of the Program.