Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years’ salary over a five (5) year period. During the four (4) years of salary deferral, twenty percent (20%) of the Employee’s gross annual earnings will be deducted and held for the Employee. Such deferred salary will not be accessible to the Employee until the year of the leave or upon the collapse of the plan.
Deferral Plan. The School District will contribute fifty percent (50%) of the teacher’s incentive pay into an account within a Special Pay Deferral Plan administered by a company selected by Education Minnesota - OSSEO and the School District.
Deferral Plan. 2 1.16 Distribution.............................................................................................2 1.17
Deferral Plan. During the four (4) years of salary deferral, twenty (20%) percent of the nurse's gross annual earnings will be deducted and held for the nurse and will not be accessible to her until the year of the leave or upon withdrawal from the plan.
Deferral Plan. The deferral portion of the pian involve an employee spreading four years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. the case of the four (4) years' salary over a five (5) year schedule, during the four years of salary deferral, of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately. Deferred Earnings The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee be aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Income Tax Part of the
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4)years' salary over a five (5)year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4)years' salary over a five (5)year schedule, during the four (4)years of salary deferral, of the employee's gross annual earnings will be deducted and for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted a pria Iy The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part of the Incom e Ta x Section benefits shall be kept whole during the of the plan. Employees will be allowed to participate in health and benefits plans the year of the leave, but the full cost of such plans will be borne by the employees. Contributions to the Hospitals of Ontario Pension Plan will be in accordance with the Flan. Notwithstanding the above, employees will not be eligible to participate in the disability income plan during the year of the leave. Seniority an d Service Full-Time During the year of the leave, seniority shall continue to accumulate. Service for the purposes of vacation and salary progression and other benefits will be retained but will not accumulate during the period of the leave.
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years’ salary over a five (5) year period, or three (3) years’ salary over a four (4) year period. In the case of the four (4) years’ salary over a five (5) year schedule during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee, or during the three (3) years of salary deferral, 25% of the employee’s gross annual earnings will be deducted and held for the employee. Such deferral salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.
