Common use of Conditions and Provisions Clause in Contracts

Conditions and Provisions. No employee may take a leave in the twelve (12) months prior to retirement. • The maximum time period that salary can be deferred is four (4) years; the minimum is one (1) year. • The maximum amount of salary that an employee can defer in a taxation year is one- third (33.3%) of annual salary and the amount of salary deferred must be equally distributed across the deferral period. • The deferral salary is retained by the Employer to be deposited into an interest-bearing account; the interest rate will be set by the Employer. The earned interest will be paid to the employee by December 31 of each year during the deferral period. • During the deferral period, both the actual salary paid and the interest accrued on the deferred salary are to be treated as employment income for the purposes of the Income Tax Act. Government legislated benefits will be deducted in keeping with legislated requirements. • The leave must commence at the conclusion of the deferral period. • In the event the employee has received notice of layoff or the level of employment is reduced prior to the leave period, the Employer will discuss with the employee a mutually acceptable modification of the leave of absence plan. • The employee’s seniority will continue to accumulate during the leave period. • Vacation does not accumulate during the leave and there is no sick leave benefit. • During the leave period the employee can opt out of the benefits programs for the leave period, or alternatively, can choose to maintain benefits coverage by paying both Employer and employee contributions to benefits plans. • If an employee’s employment terminates prior to the leave period, the employee will receive any balance of accumulated deferred salary. • Withdrawal from the plan or postponement of the leave for reasons other than termination of employment, death, or disability requires the approval of the Vice- President, Administration and Human Resources, in writing, prior to the scheduled leave whether the withdrawal or postponement is initiated by the Employer or by the employee. • The Employee shall return to work following the leave period for a period that is not less than the leave period, and the Employer will make every effort to place the employee in the same or equivalent position. • On return from leave the salary rate would be that which would be paid had no leave occurred. The Employer and the employees shall make contributions to the University of Toronto Long-Term Disability Plan for Members of the Academic and Administrative Staffs in accordance with the provisions and regulation of the said plan during the term of this Agreement. Participation in the said Long-Term Disability Plan is required as a condition of employment. The Employer shall have the right to amend or change the said Long-Term Disability Plan during the term of the Agreement. Should it become necessary to amend or change the said plan, the Employer will discuss such amendments or changes that have been made to the said plan with the Union.

Conditions and Provisions.  No employee may take a leave in the twelve (12) months prior to her/his retirement. •  The maximum time period that salary can be deferred is four (4) years; the minimum is one (1) year. •  The maximum amount of salary that an employee can defer in a taxation year is one- one-third (33.3%) of annual salary and the amount of salary deferred must be equally distributed across the deferral period. •  The deferral salary is retained by the Employer to be deposited into an interest-bearing account; the interest rate will be set by the Employer. The earned interest will be paid to the employee by December 31 of each year during the deferral period. •  During the deferral period, both the actual salary paid and the interest accrued on the deferred salary are to be treated as employment income for the purposes of the Income Tax Act. Government legislated benefits will be deducted in keeping with legislated requirements. •  The leave must commence at the conclusion of the deferral period. •  In the event the employee has received notice of layoff or the level of employment is reduced prior to the leave period, the Employer will discuss with the employee a mutually acceptable modification of the leave of absence plan. •  The employee’s seniority will continue to accumulate during the leave period. •  Vacation does not accumulate during the leave and there is no sick leave benefit. •  During the leave period the employee can opt out of the benefits programs for the leave period, or alternatively, can choose to maintain benefits coverage by paying both Employer and employee contributions to benefits plans. •  If an employee’s employment terminates prior to the leave period, the employee will receive any balance of accumulated deferred salary. •  Withdrawal from the plan or postponement of the leave for reasons other than termination of employment, death, or disability requires the approval of the Vice- Vice-President, Administration and Human Resources, in writing, prior to the scheduled leave whether the withdrawal or postponement is initiated by the Employer or by the employee. •  The Employee shall return to work following the leave period for a period that is not less than the leave period, and the Employer will make every effort to place the employee him/her in the same or equivalent position. •  On return from leave the salary rate would be that which would be paid had no leave occurred. The Employer and the employees shall make contributions to the University of Toronto Long-Term Disability Plan for Members of the Academic and Administrative Staffs in accordance with the provisions and regulation of the said plan during the term of this Agreement. Participation in the said Long-Term Disability Plan is required as a condition of employment. The Employer shall have the right to amend or change the said Long-Term Disability Plan during the term of the Agreement. Should it become necessary to amend or change the said plan, the Employer will discuss such amendments or changes that have been made to the said plan with the Union.

Conditions and Provisions. No employee may take a leave in the twelve (12) months prior to her/his retirement. • The maximum time period that salary can be deferred is four (4) years; the minimum is one (1) year. • The maximum amount of salary that an employee can defer in a taxation year is one- one-third (33.3%) of annual salary and the amount of salary deferred must be equally distributed across the deferral period. • The deferral salary is retained by the Employer to be deposited into an interest-bearing account; the interest rate will be set by the Employer. The earned interest will be paid to the employee by December 31 of each year during the deferral period. • During the deferral period, both the actual salary paid and the interest accrued on the deferred salary are to be treated as employment income for the purposes of the Income Tax Act. Government legislated benefits will be deducted in keeping with legislated requirements. • The leave must commence at the conclusion of the deferral period. • In the event the employee has received notice of layoff or the level of employment is reduced prior to the leave period, the Employer will discuss with the employee a mutually acceptable modification of the leave of absence plan. • The employee’s seniority will continue to accumulate during the leave period. • Vacation does not accumulate during the leave and there is no sick leave benefit. • During the leave period the employee can opt out of the benefits programs for the leave period, or alternatively, can choose to maintain benefits coverage by paying both Employer and employee contributions to benefits plans. • If an employee’s employment terminates prior to the leave period, the employee will receive any balance of accumulated deferred salary. • Withdrawal from the plan or postponement of the leave for reasons other than termination of employment, death, or disability requires the approval of the Vice- Vice-President, Administration and Human Resources, in writing, prior to the scheduled leave whether the withdrawal or postponement is initiated by the Employer or by the employee. • The Employee shall return to work following the leave period for a period that is not less than the leave period, and the Employer will make every effort to place the employee him/her in the same or equivalent position. • On return from leave the salary rate would be that which would be paid had no leave occurred. ******************** The Employer and the employees shall make contributions to the University of Toronto Long-Term Disability Plan for Members of the Academic and Administrative Staffs in accordance with the provisions and regulation of the said plan during the term of this Agreement. Participation in the said Long-Term Disability Plan is required as a condition of employment. The Employer shall have the right to amend or change the said Long-Term Disability Plan during the term of the Agreement. Should it become necessary to amend or change the said plan, the Employer will discuss such amendments or changes that have been made to the said plan with the Union.