R-15.1, r. 6 - Regulation respecting supplemental pension plans

Full text
Form 3
(s. 15.0.0.1)
Irrevocable standby letter of credit
Financial institution issuing the letter of credit
Name: _____________________________________________________________________________
Address: ___________________________________________________________________________
Originator (employer)
Name: _____________________________________________________________________________
Address: ___________________________________________________________________________
Beneficiary (pension fund)
Name: _____________________________________________________________________________
Beneficiary (administrator of the pension fund)
Address: ___________________________________________________________________________
Letter of credit No.: ______________________________
year month day
| | | |
Date of issue: |___|___|___|___|___|___|___|___|

year month day
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Date of expiry: |___|___|___|___|___|___|___|___|
At the request of __________(Name of the originator)__________
the undersigned, __________(Name of the financial institution issuing the letter of credit)__________
hereby issues an irrevocable standby letter of credit in favour of __________(Name of the beneficiary pension fund)__________
for the sum of __________(Amount in letters)__________
Canadian dollars. (CA$__________(Amount in figures)__________)
That amount is payable upon presentation of a written demand to
__________(Address in Québec of the place where the demand must be made)__________
The demand must mention the number and date of issue of the present letter of credit and be signed by a person authorized by the administrator of the pension fund to present the demand. Payment will be made to the order of the beneficiary pension fund.
This present letter of credit will be automatically renewed for a period of 1 year as of its date of expiry, and it will be renewed subsequently from year to year on each anniversary of its expiry, unless the undersigned notifies the originator, the administrator and the Régie des rentes du Québec, by certified or registered mail, not less than 90 days before the letter’s expiry that the letter will not be renewed.
Indicate the option that applies to the contract:
□ In the event of non-renewal, a payment demand in accordance with the terms and conditions of the present letter of credit will be deemed to have been presented to the undersigned prior to the expiry on the date of expiry, unless the administrator sends the undersigned, no less than 30 days before the date of expiry, a written notice certifying that no payment is required. That notice takes effect on the date of expiry of the letter.
□ In the event of non-renewal, the undersigned pays the amount of the present letter of credit to the beneficiary at the time the beneficiary notifies the originator, the administrator and the Régie des rentes du Québec at the address indicated below that the beneficiary is not renewing the letter of credit.
year month day
| | | |
Made on: |___|___|___|___|___|___|___|___| at __________(Municipality)__________
(Date of signing)
__________(Signature of the representative of the financial institution issuing the letter of credit)__________
Régie des rentes du Québec
Direction des régimes de retraite
C.P. 5200. Québec G1K 7S9
2600, boul. Laurier, bureau 548
Québec (Québec)
O.C. 1073-2009, s. 5.