NO RETROACTIVITY. No aspect of this memorandum shall be applied retroactively except if explicitly noted within. All active employees as of the date of store opening will receive a signing bonus as per the following schedule: • Full-Time: $400.00 • Part-Time $200.00 While it is agreed and understood that the Collective Agreement provides an outline of the benefits covered by the insurance carrier’s benefit plan, questions of eligibility requirements or adjudication under the benefits plan are determined solely by the Insurance Carrier and are not arbitrable under the terms of the Collective Agreement. Following three (3) months service as a full-time employee the following benefit coverage will commence: The Employer agrees to provide all active full-time employees until retirement at no cost, Life Insurance equivalent to one (1x) times an employee's annual earnings to a maximum of three hundred thousand dollars ($300,000.00). The Employer further agrees to provide Life Insurance to retired employees in the amount of two thousand ($2,000.00).
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Sources: Collective Agreement, Collective Agreement