Ineligibility Due to Age Sample Clauses

Ineligibility Due to Age. Where legislation prohibits an employee from contributing because of age, an amount equivalent to the contributions will be paid to that employee as wages on each paycheque and treated as wages. This payment in-lieu of pension contributions will not be less than the amount that employee would have received if they were still contributing to the Plan.

Ineligibility Due to Age. Whereas coverage under the Trust Fund ceases for the plan participant because of age, an amount equivalent to the contributions to the Trust Fund as outlined in Schedule “A”, less any employment and statutory deductions, will be paid to that employee and treated as wages.

Ineligibility Due to Age. Where legislation prohibits contributions being made to the Union Sponsored Pension Plan because of an employee’s age, the Employer will instead pay an amount equivalent to the contributions outlined in 16.01 to that employee on each paycheque. This payment, in-lieu of Pension Plan contributions, will not be less than the amount that employee would have received if the employee were still eligible for contributions to the Union Sponsored Pension Plan.

Ineligibility Due to Age. Whereas coverage under the Benefit Plan ceases for the plan participant because of age, an amount equivalent to the contributions to the Trust Fund, will be paid to that employee and treated as wages. This is the hourly Employer contribution amount outlined in Schedule “A”. 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada 15.02 New employees will join the Plan beginning from the first day after completion of probation. 15.03 The Employer shall remit to the Union, for each eligible employee, an Employer contribution as indicated in Schedule “A”. Employer contributions will vest in accordance with the rules of the Plan. 15.04 The Employer’s contributions to the Plan will be non- refundable to the Employer once received by the Union and will vest immediately in the employee on whose behalf the deposit was made. 15.05 The Employer agrees to deduct, by way of payroll deduction, and remit to the Union, additional voluntary employee pension contributions which are above and beyond those contributions outlined above. Employees must request such deductions by submitting a form provided by the Union to the Employer. The Employer will send a copy of the completed form to the Union along with the next remittance which includes such voluntary contributions. 15.06 The total amount of pension contributions remitted by the Employer, on an employee’s behalf, cannot exceed the annual maximum money purchase outlined by the Canada Revenue Agency. The Employer has no obligation to monitor the employee’s contribution made outside the employment relationship. For greater clarity, if employees exceed the annual maximum money purchase limit as a result of contributions made outside the employment relationship, the Employer shall not be liable for any tax consequence imposed on the employee by the Canadian Revenue Agency.

Ineligibility Due to Age. Whereas coverage under the Trust Fund ceases for the plan participant six (6) months after the employee turns sixty-four (64) years of age (the “Age Out Date”), an amount equivalent to the contributions to the Trust Fund will be paid to that employee following the Age Out Date and treated as wages. This is the hourly Employer contribution amount outlined in Schedule “A”.

Ineligibility Due to Age. Whereas coverage under this Insurance Plan ceases for the plan participant at the attainment of age seventy-five (75), an amount equivalent to the contributions to the Insurance Plan as outlined in the Schedules will be paid to the employee, upon attainment of their seventy-fifth (75th) birthday, on each paycheque. This payment, in-lieu of contributions to the Insurance Plan, administered by the CLAC Health and Welfare Trust Fund, will not be less than the contributions that would have been made on behalf of the employee if he/she were still eligible for the Insurance Plan. It is further understood these payments will be subject to taxes and other deductions stipulated federally or by this Collective Agreement.

Ineligibility Due to Age a. Where eligibility for coverage under the Plan ceases because of age, an amount equivalent to the contributions to the Insurance Plan outlined in Schedule “A” will be added to the employee’s hourly pay rate. b. Similarly, where an employee is no longer eligible for LTD, the Employer shall cease making payroll deductions to pay for the benefit. Such deduction shall cease six (6) months after the employee turns sixty-four (64) years of age.

Ineligibility Due to Age. Whereas coverage under the Benefit Plan ceases for the plan participant because of age, an amount equivalent to the contributions to the Insurance Plan, will be paid to that employee and treated as wages. This payment, in- lieu of contributions to a Health Benefit Plan, will not be less than the contributions that would have been made on behalf of the employee if they were still eligible for the Plan.