Common use of Deferred Earnings Clause in Contracts

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.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Deferred Earnings. The manner in which the deferred salary is held shall be at the discretion of the employerEmployer. The employee Employee will be made aware, in advance of having to sign a 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.

Appears in 1 contract

Samples: Collective Agreement

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