Deferred Earnings Sample Clauses

Deferred Earnings. 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 LXVIII of the Income Tax Regulations, Section 6801.

Deferred Earnings. The manner in which deferred salary is held shall be at the discretion of the employer. The employee will be made aware, in advance of having to sign a formal agreement, of the manner of holding such deferred salary.

Deferred Earnings. The earnings on your IRA balance accumulate tax-deferred meaning they are not taxable until distributed from your IRA. Estate Tax. Generally, for federal estate tax purposes, your IRA assets are includable in your gross estate when you die. Consult your tax and/or legal advisors for specific guidance. Tax Filing. You are responsible for filing the applicable IRS forms to report certain activities, taxable income and/or penalties associated with your IRA. IRS Form. This IRA uses the precise language of Articles I-VII of IRS Form 5305-A, and therefore Articles I-VII are treated as approved by the IRS. Additional language has been included as permitted by such form. The IRS approval represents a determination as to form and not to the merits of the account.

Deferred Earnings. The earnings on your IRA balance accumulate tax-deferred meaning they are not taxable until distributed from your IRA. Estate Tax. Generally, for federal estate tax purposes, your IRA assets are includable in your gross estate when you die. Consult your tax and/or legal advisors for specific guidance. Tax Filing. You are responsible for filing the applicable IRS forms to report certain activities, taxable income and/or penalties associated with your IRA. IRS Form. This IRA uses the precise language of IRS Form 5305-A and is therefore treated as approved by the IRS. Additional language has been included as permitted by such form. The IRS approval represents a determination as to form and not to the merits of the account.

Deferred Earnings. The earnings on your IRA balance accumulate tax-deferred meaning they are not taxable until distributed from your IRA. Estate Tax. Generally, for federal estate tax purposes, your IRA assets are includable in your gross estate when you die. However, if your spouse is your beneficiary, your IRA may qualify for the marital deduction. Consult your tax and/or legal advisors for specific guidance. Tax Filing. You are responsible for filing the applicable IRS forms to report certain activities, taxable income and/or penalties associated with your IRA. IRS Form. This IRA uses the precise language of IRS Form 5305-A and is therefore treated as approved by the IRS. Additional language has been included as permitted by such form. The IRS approval represents a determination as to form and not to the merits of the account.

Deferred Earnings. The funds being deferred will be held in a trust account with the financial institution the Employer selects, with interest being paid annually. The funds will be paid out to the employee on a monthly or lump sum basis during the leave of absence. The employee will be made aware, in advance, of having to sign any formal agreement relating to the holding of 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 LXVII of the Income Tax Regulation, Section 6801.

Deferred Earnings. The earnings on your XXX balance accumulate tax-deferred meaning they are not taxable until distributed from your XXX. Estate Tax. Generally, for federal estate tax purposes, your XXX assets are includable in your gross estate when you die. Consult your tax and/or legal advisors for specific guidance.

Deferred Earnings. The manner in which the deferred salary is held shall be at the discretion of the Employer. The Nurse 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 Nurse in accordance with Part LXVIII of the Income Tax Regulations, Section 6801.

Deferred Earnings. 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. Reasonable effort will be made by the Hospital to invest deferred salaries in a manner calculated to attract interest rates comparable with those of Government of Canada Treasury Bills. All deferred salary plus interest, if any, shall be paid to the employee at the commencement of the leave or in accordance with such other payment schedule as may be agreed upon between the Hospital and the employee. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part LXVIII of the Income Tax Regulations, Section 6801.

Deferred Earnings. The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred Interest which is accumulated during each year of the deferral period shall be paid out to the employee in with Part of the Income Tax Regulations, Section Health and Welfare Benefits All benefits shall be kept whole during the deferral period of the plan. Seniority and Service Applicable to only Assignment on return from leave, a participant will be assigned to his former position unless it is longer available. In such a case the employee will be given a comparable job, if possible, or the layoff provisions will be applied. Withdrawal Rights A may withdraw from the plan at any time up to a date three (3) months prior to the commencement of the leave. Deferred salary, and accrued interest will be returned to the participant within a reasonable period of time. On Leaving Employment If a participant resigns, or is terminated, prior to the commencement of the leave, deferred salary plus interest will be returned to the participant within a reasonable period of time. In the event of the death of a participant, such funds will be paid to the participant's estate.