Contributions by Participants

5.01 - Each Employee who becomes a Participant shall contribute to the Plan a percentage of all Compensation received from the Employer during such Employee's period of participation in the Plan.

Such percentage for any period of the Employee's participation prior to September 1, 2004, shall be 3% unless the Employer has elected the 4% Plan, in which case such percentage shall be 4%.

Commencing September 1, 2004, Employee contributions under the 3% Plan and the 4% Plan will increase by 50%. In addition, a 2% Plan option will be made available for a two-year period only, from September 1, 2004, to August 31, 2006. The Employee contribution rates effective September 1, 2004, are shown in the table below:

Option Chosen by Employer	Employee Contribution Rate
2% Plan	3.0%
3% Plan	4.5%
4% Plan	6.0%

Commencing September 1, 2010, the plan options in effect prior to such date will no longer be available and each Employee will contribute at a rate determined by a new plan option available from September 1, 2010 elected by the Employer. The new Employee contribution rates are shown in the table below:

Option Chosen by Employer	Employee Contribution Rate
5.55% Plan	5.55%
7.00% Plan	7.00%
8.05% Plan	8.05%

The rate of contribution is subject to adjustment pursuant to the provisions of Section 5.08.

Notwithstanding the above, the contributions made by the Participants to the Plan in any Plan Year shall not exceed the maximum amount that is permitted under the Income Tax Act for that Plan Year.