Common use of Deferred Amounts Clause in Contracts

Deferred Amounts. 17.7.1 The employer unconditionally guarantees payment of the deferred amount. 17.7.2 The deferred amount shall be invested by the employer. 17.7.3 The interest rate to be applied to the deferred amount is guaranteed to be the same rate as the employer receives on short-term investments. 17.7.4 Payroll shall maintain an individual account for the deferred amount of each participant in the plan; however, the amount will not be held in a segregated fund.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Deferred Amounts. 17.7.1 The employer unconditionally guarantees payment of the deferred amount. 17.7.2 . The deferred amount shall be invested by the employer. 17.7.3 . The interest rate to be applied to the deferred amount is guaranteed to be the same rate as the employer receives on short-term investments. 17.7.4 . Payroll shall maintain an individual account for the deferred amount of each participant in the plan; however, the amount will not be held in a segregated fund.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Deferred Amounts. 17.7.1 The employer Employer unconditionally guarantees payment of the deferred amountDeferred Amount. 17.7.2 The deferred amount Deferred Amount shall be invested by the employer.Employer 17.7.3 The interest rate to be applied to the deferred amount Deferred Amount is guaranteed to be the same rate as the employer Employer receives on short-term investments., 17.7.4 Payroll shall maintain an individual account for the deferred amount Deferred Amount of each participant Participant in the planPlan; however, the amount will not be held in a segregated fund.

Appears in 1 contract

Samples: Collective Agreement

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Deferred Amounts. 17.7.1 The employer Employer unconditionally guarantees payment of the deferred amount. 17.7.2 Deferred Amount. The deferred amount Deferred Amount shall be invested by the employer. 17.7.3 Employer. The interest rate to be applied to the deferred amount Deferred Amount is guaranteed to be the same rate as the employer Employer receives on short-term investments. 17.7.4 . Payroll shall maintain an individual account for the deferred amount Deferred Amount of each participant Participant in the planPlan; however, the amount will not be held in a segregated fund.

Appears in 1 contract

Samples: Collective Agreement

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