Transitional DC Plan Details Sample Clauses

Transitional DC Plan Details. The terms applicable to employees hired after the effective date of this Agreement shall be as follows: a) Employees shall be required to contribute six and one-half percent (6.5%) of base salary including on-call and acting pay. Employees shall be permitted to make additional voluntary contributions to the DC Plan, subject to the limits imposed by the Income Tax Act. b) The Company contributions to the DC Plan shall be equal to the following percentage of an employee’s base salary, including on-call and acting pay: Employees hired between October 2, 2011 and the effective date of this agreement shall be deemed to have six completed years of service for pension purposes only. Employees hired on or after April 22, 2012 shall be required to join the DC Plan retroactive to their start date with the Company and to make retroactive contributions equivalent to 6.5% of base salary. The Company shall make a contribution into the DC Plan for these employees equivalent to 10% of their base salary, retroactive to their start date, less any Company pension contribution already made for that period. Employees hired between October 2, 2011 and April 21, 2012 shall be required to join the DC Plan retroactive to the Plan effective date, April 22, 2012, and to make retroactive contributions equivalent to 6.5% of base salary. The Company shall make a contribution into the DC Plan for these employees equivalent to 10% of their base salary, retroactive to April 22, 2012, less any Company contribution already made for that period. In addition, the Company shall provide the employee with a lump sum payment equivalent to 10% of their base salary for the period from their start date to April 21, 2012, less any lump sum payment previously made for this purpose. Employees may choose to take the lump sum payment in cash, to apply it in whole or in part to any required retroactive employee contribution to the DC Plan, or to have it transferred to a personal RRSP if they have current year contribution room.
Sample 1
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Related to Transitional DC Plan Details

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  • Transition Planning The AGENCY will be responsible for the development of the student’s Transition Plan, which begins upon entry and is completed prior to the student’s exit.

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  • Business Continuity Planning Supplier shall prepare and maintain at no additional cost to Buyer a Business Continuity Plan (“BCP”). Upon written request of Buyer, Supplier shall provide a copy of Supplier’s BCP. The BCP shall be designed to ensure that Supplier can continue to provide the goods and/or services in accordance with this Order in the event of a disaster or other BCP-triggering event (as such events are defined in the applicable BCP). Supplier’s BCP shall, at a minimum, provide for: (a) the retention and retrieval of data and files; (b) obtaining resources necessary for recovery, (c) appropriate continuity plans to maintain adequate levels of staffing required to provide the goods and services during a disruptive event; (d) procedures to activate an immediate, orderly response to emergency situations; (e) procedures to address potential disruptions to Supplier’s supply chain; (f) a defined escalation process for notification of Buyer, within two (2) business days, in the event of a BCP-triggering event; and (g) training for key Supplier Personnel who are responsible for monitoring and maintaining Supplier’s continuity plans and records. Supplier shall maintain the BCP and test it at least annually or whenever there are material changes in Supplier’s operations, risks or business practices. Upon Xxxxx’s written and reasonable request, Supplier shall provide Buyer an executive summary of test results and a report of corrective actions (including the timing for implementation) to be taken to remedy any deficiencies identified by such testing. Upon Xxxxx’s request and with reasonable advance notice and conducted in such a manner as not to unduly interfere with Supplier’s operations, Supplier shall give Buyer and its designated agents access to Supplier’s designated representative(s) with detailed functional knowledge of Supplier’s BCP and relevant subject matter.

  • Post-Employment Activities 7.1 For a period of one (1) year after the termination or expiration, for any reason, of your employment with the Company hereunder, absent the Board of Directors' prior written approval, you will not directly or indirectly engage in activities similar to those described in Section 4.2, nor render services similar or reasonably related to those which you shall have rendered hereunder to, any person or entity whether now existing or hereafter established which directly competes with (or proposes or plans to directly compete with) the Company ("Direct Competitor") in the same or similar business. Nor shall you entice, induce or encourage any of the Company's other employees to engage in any activity which, were it done by you, would violate any provision of the Confidential Information Agreement or this Section 7. As used in this Agreement, the term "any line of business engaged in or under demonstrable development by the Company" shall be applied as at the date of termination of your employment, or, if later, as at the date of termination of any post-employment consultation. 7.2 For a period of one (1) year after the termination of your employment with the Company, the provisions of Section 4.2 shall be applicable to you and you shall comply therewith. 7.3 No provision of this Agreement shall be construed to preclude you from performing the same services which the Company hereby retains you to perform for any person or entity which is not a Direct Competitor of the Company upon the expiration or termination of your employment (or any post-employment consultation) so long as you do not thereby violate any term of this Agreement or the Confidential Information Agreement.

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  • Implementation Plan The Authority shall cause to be prepared an Implementation Plan meeting the requirements of Public Utilities Code Section 366.2 and any applicable Public Utilities Commission regulations as soon after the Effective Date as reasonably practicable. The Implementation Plan shall not be filed with the Public Utilities Commission until it is approved by the Board in the manner provided by Section 4.9.

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