RRSP Contribution Clause Samples
The RRSP Contribution clause outlines the terms and conditions under which contributions are made to a Registered Retirement Savings Plan (RRSP). It typically specifies who is responsible for making the contributions, the timing and frequency of payments, and any limits or requirements set by law or agreement. For example, it may require an employer to contribute a certain percentage of an employee’s salary to the RRSP on a regular basis. The core function of this clause is to ensure that retirement savings are systematically funded and that both parties understand their obligations, thereby promoting financial security and compliance with relevant regulations.
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RRSP Contribution. The Company shall offer to all employees the opportunity to participate in a Retirement Savings Program. Participation in said program is voluntary. Permanent employees can invest, by payroll deduction, in the Retirement Savings Program as outlined by the Company. For each dollar invested by the employee, the Company will deposit a dollar into the employee’s account. The maximum contribution will be as follows: Effective March 2011: $600.00 Effective March 2012: $700.00 Effective March 2013: $800.00
RRSP Contribution a) Participation in the Employer sponsored RRSP program is voluntary.
b) The Employer will match employee contributions to the employees RRSP to the following maximums: Length of Service per bi-weekly pay period 12 to 36 months $23.10 36 to 60 months $33.00 60 to 84 months $40.70 84 months or more $50.60
c) If an employee makes a deduction from their RRSP they will be ineligible for employer matching contributions for a period of two years.
RRSP Contribution. Artist and Engager Commencing with the second Season of an Artist’s seniority with the Engager, the Engager will deduct three percent (3%) of the Artist’s contractual fee to which the Engager will add a contribution equal to five percent (5%) of the Artist’s contractual in-town fee for a total contribution of eight percent (8%) of the Artist’s contractual fee. Notwithstanding the above, and the seniority provisions of 13:01(D), an Assistant Stage Manager engaged in a second Season, not necessarily consecutive to his/her first Season engagement, shall be entitled to the RRSP provisions in this Clause, regardless of the number of weeks of engagement in any Season.
RRSP Contribution. After the completion of twelve (12) months of service, the Company shall offer to all employees the opportunity to participate in a Retirement Savings Program. Participation in said program is voluntary. Permanent employees can invest, by payroll deduction, in the Retirement Savings Program as outlined by the Company. The Company shall make the required contributions to each R.R.S.P. account within 15 days following the end of each calendar month. For each dollar invested by the employee, the Company will deposit a dollar into the employee’s account to a maximum of two (2%) of the base salary.
RRSP Contribution. In the event that either of the Companies establishes an RRSP or equivalent pension contribution plan, the Executive shall have the right to participate in such a plan.
RRSP Contribution. The Regular Full time employee who is receiving benefits as outlined in article 15 shall be eligible for a RRSP contribution as outlined in article 17.04 (b) provided the employee is not a member of OMERS. These funds shall be paid directly and submitted monthly by the City to “IATSE Local 471 Pension Fund”.
RRSP Contribution. The employer shall contribute, for each participating employee, the equivalent of seventy-five percent (75%) of the employee’s contribution to a maximum of three percent (3%) of the employee’s entire gross earnings (which includes, but is not limited to, rush re-connects). Calgary area employees are not subject to the 18% reduction for vehicle expenses. Please see applications document for examples.
RRSP Contribution. The Corporation shall deposit each year to a registered retirement savings plan ("RRSP") account designated by the Executive an amount equal to the maximum allowable RRSP contribution by the Executive.
RRSP Contribution. A prorated contribution to ▇▇. ▇▇▇▇▇▇’▇ RRSP, the pro-ration to be with respect to the portion of the current calendar year worked by ▇▇. ▇▇▇▇▇▇ and the contribution to be subject to the conditions set out in subparagraph 2.1(e), except condition III.
RRSP Contribution. Executive will continue to receive an RRSP contribution in the amount of CAD5400 on an annual basis which shall be directly deposited in January of each calendar year into the account designated by Executive.