Common use of Deferral Plans Clause in Contracts

Deferral Plans. The following shall constitute the PLPs available: (i) Two (2) years deferral of one-third (1/3) of annual salary in each year followed by one (1) year of leave; (ii) Three (3) years deferral of one-quarter (1/4) of annual salary in each year followed by one (1) year of leave; (iii) Four (4) years of one-fifth (1/5) of annual salary in each year followed by one (1) year of leave; or (iv) Five (5) years deferral of one-sixth (1/6) of annual salary in each year, followed by one (1) year of leave.

Deferral Plans. The following shall constitute the PLPs PLP's available: (i) Two two (2) years deferral of one-third (1/3) of annual salary in each year followed by one (1) year of leave; (ii) Three three (3) years deferral of one-quarter (1/4) of annual salary in each year followed by one (1) year of leave; (iii) Four four (4) years of one-fifth (1/5) of annual salary in each year followed by one (1) year of leave; or; (iv) Five five (5) years deferral of one-sixth (1/6) of annual salary in each year, followed by one (1) year of leave.

Deferral Plans. The following shall constitute the PLPs PLP’s available: (i) Two (2) years years’ deferral of on one-third (1/3) of annual salary in each year followed by one (1) year of leave; (ii) Three (3) years years’ deferral of on one-quarter (1/4) of annual salary in each year followed by one (1) year of leave; (iii) Four (4) years years’ deferral of one-fifth (1/5) of annual salary in each year followed by one (1) year of leave; or; (iv) Five (5) years years’ deferral of one-sixth (1/6) of annual salary in each year, year followed by one (1) year of leave.;