Common use of Compensation Deferred Clause in Contracts

Compensation Deferred. During each year of the deferral period, the participant will receive his\her current compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, which is to be retained by the Board, and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.2, by giving written notice to the Board at least one (1) month prior to July 1 in any year for the next or subsequent years.

Appears in 5 contracts

Samples: Provincial Collective Agreement, Provincial Collective Agreement, Provincial Collective Agreement

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Compensation Deferred. During each year of the deferral period, the participant will receive his\her their current compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, which is to be retained by the Board, and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.2, by giving written notice to the Board at least one (1) month prior to July 1 in any year for the next or subsequent years.

Appears in 3 contracts

Samples: Provincial Collective Agreement, Provincial Collective Agreement, Provincial Collective Agreement

Compensation Deferred. During each year of the deferral period, the participant will receive his\her their current compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, Agreement which is to be retained by the Board, Board and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.2Clause 28.3.b, by giving written notice to the Board at least one (1) month prior to July 1 in any year year, for the next or subsequent years.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Compensation Deferred. During each year of the deferral period, the participant will receive his\her current his/her compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, which is to be retained by the Board, Board and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.2Clause 3.b, by giving written notice to the Board at least one (1) month prior to July 1 in any year for the next or subsequent years.

Appears in 1 contract

Samples: Collective Agreement

Compensation Deferred. During each year of the deferral period, the participant will receive his\her his/her current compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, Agreement which is to be retained by the Board, Board and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.2Clause 19.3.b, by giving written notice to the Board at least one (1) month prior to July 1 in any year year, for the next or subsequent years.

Appears in 1 contract

Samples: Collective Agreement

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Compensation Deferred. During each year of the deferral period, the participant will receive his\her his/her current compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, Agreement which is to be retained by the Board, and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.2J.1(3.2), by giving written notice to the Board at least one (1) month prior to July 1 in any year for the next or subsequent years.

Appears in 1 contract

Samples: Collective Agreement

Compensation Deferred. During each year of the deferral period, the participant will receive his\her his/her current compensation amount, less the percentage amount which the participant has specified in the Memorandum of Agreement, Agreement which is to be retained by the Board, Board and less statutory deductions and other withholdings. Such percentage amount may be varied, subject to clause 3.23.b, by giving written notice to the Board at least one (1) month prior to July 1 in any year for the next or subsequent years.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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