Supplemental Pay 1. Percent To Be of Individual Step
SUPPLEMENTAL PAYMENTS Applicant shall make annual Supplemental Payments in an amount equal to, but not to exceed, the limit of the annual Supplemental Payment as set out Section 6.2 below, starting with the first complete or partial year of the Qualifying Time Period and accruing on January 1 of each year thereafter, and continuing through the third year following the end of the Tax Limitation Period.
SUPPLEMENTAL PAYMENT LIMITATION Notwithstanding the foregoing:
REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:
Supplemental Benefits The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.
Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.
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.
Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation will be paid as follows:
SUPPLEMENTAL SALARIES This supplemental salary schedule will be in effect for the current contract year. Supplemental salaries are calculated by multiplying the percentage as outlined in the table to the right by the current, negotiated, certified base salary. Numbers in parentheses indicate number of positions to be filled.
Supplemental Life Insurance In addition to the life insurance benefits provided by this agreement, employees may subscribe voluntarily and at their own expense for supplemental life insurance. Employees may subscribe for an amount not to exceed five hundred thousand dollars ($500,000), of which one hundred thousand ($100,000) is a guaranteed issue, provided the election is made within the required enrollment periods.
