Common use of DEFERRED COMPENSATION LEAVE Clause in Contracts

DEFERRED COMPENSATION LEAVE. This letter will confirm our commitment made to you during negotiations that the Employer will, upon the written request of a bargaining unit employee, establish an unfunded deferred compensation leave arrangement. Such arrangement shall be within the confines of the law and it is understood that no more than two (2) employees in any classification, or a total of four (4) employees in the bargaining unit, may be off on such leave at any one time. There will be no loss of seniority as accrued to the beginning of such leaves. Employer and employee benefit contributions will continue throughout the period of the arrangement as if the employee was working for the whole period and will be based on the salary paid to the employee throughout the period of the arrangement. Exceptions to the benefits arrangement will be pension and LTD, in which case the employee and Employer contributions and benefit will be based on such employee’s unadjusted regular salary. Time off for such leaves will not be counted as time worked for the purposes of vacation pay and it will be prorated accordingly. The Employer will pay any administrative costs associated with the arrangement. Part-time employees who work on average three (3) shifts a week or more during the six (6) month period prior to the written request are eligible for deferred compensation leave. Temporary employees are not eligible for deferred compensation leave.

DEFERRED COMPENSATION LEAVE. This letter will confirm our commitment made to you during negotiations that the Employer will, upon the written request of a bargaining unit employee, establish an unfunded deferred compensation leave arrangement. Such arrangement shall be within the confines of the law and it is understood that no more than two (2) employees in any classification, or a total of four (4) employees in the bargaining unit, may be off on such leave at any one time. There will be no loss of seniority as accrued to the beginning of such leaves. Employer and employee benefit contributions will continue throughout the period of the arrangement as if the employee was working for the whole period and will be based on the salary paid to the employee throughout the period of the arrangement. Exceptions to the benefits arrangement will be pension and LTD, in which case the employee and Employer contributions and benefit will be based on such employee’s unadjusted regular salary. Time off for such leaves will not be counted as time worked for the purposes of vacation pay and it will be prorated accordingly. The Employer will pay any administrative costs associated with the arrangement. Part-Part- time employees who work on average three (3) shifts a week or more during the six (6) month period prior to the written request are eligible for deferred compensation leave. Temporary employees are not eligible for deferred compensation leave.

DEFERRED COMPENSATION LEAVE. This letter will confirm our commitment made to you during negotiations that the Employer will, upon the written request of a bargaining unit employee, establish an unfunded deferred compensation leave arrangement. Such arrangement shall be within the confines of the law and it is understood that no more than two (2) employees in any classification, or a total of four (4) employees in the bargaining unit, may be off on such leave at any one time. There will be no loss of seniority as accrued to the beginning of such leaves. Employer and employee benefit contributions will continue throughout the period of the arrangement as if the employee was working for the whole period and will be based on the salary paid to the employee throughout the period of the arrangement. Exceptions to the benefits arrangement will be pension and LTD, in which case the employee and Employer contributions and benefit will be based on such employee’s unadjusted regular salary. Time off for such leaves will not be counted as time worked for the purposes of vacation pay and it will be prorated accordingly. The Employer will pay any administrative costs associated with the arrangement. Part-time employees who work on average three (3) shifts a week or more during the six (6) month period prior to the written request are eligible for deferred compensation leave. Temporary employees are not eligible for deferred compensation leave.six