Common use of Use of Retirement Compensation Arrangement to Secure Pension Benefits Clause in Contracts

Use of Retirement Compensation Arrangement to Secure Pension Benefits. 17.01.10.01 Effective April 2, 2000, Pilot contributions to the Air Canada Pension Trust Fund – Pilots will be limited to 1.5 times the “post-1989” MPUs of that year. Pilot contributions between this amount and an amount equal to 3 times the “post- 1989” MPUs (“Pilot RCA Contribution”) will be deposited into a Retirement Compensation Arrangement fund (“RCA Plan”) to be established and administered by Air Canada.

Use of Retirement Compensation Arrangement to Secure Pension Benefits. 17.01.10.01 17.02.12.01 Effective April 2from fiscal year 2003, 2000, Pilot contributions a Pilot’s contribution to the Air Canada Pension Trust Fund – Pilots Registered Plan will be limited to 1.5 times the “post-1989” MPUs MPU in respect of pensionable service after July 1, 2003 applicable for that year. Pilot contributions From July 1, 2003, a Pilot’s contribution between this amount and an amount equal to 3 times the “post- 1989” MPUs MPU in respect of pensionable service after July 1, 2003 applicable for that year (“Pilot RCA Contribution”) will be deposited into a Retirement Compensation Arrangement fund (“RCA Plan”) to be established and administered by Air Canada.