Deferred Leave. Deferred leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty (80%) level. Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following:
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Deferred Leave. Deferred leave means a period of authorized leave without pay of between six (6) and twelve (12) consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent percent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty (80%) level. Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following:
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Deferred Leave. Deferred leave Leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her the employee's 'salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent percent (80%) per year allowing one (1) year off in the five (5) year period 5)year during which the employee would be paid at eighty percent (80%) level. Provision shall be made for varying percentages and time periods. , Subject to operational requirements and at no additional cost to lo the Employer, an employee may be granted a deferred leave in accordance with the following:
Appears in 1 contract
Samples: Collective Agreement
Deferred Leave. Deferred leave Leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her the employee‟s salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent percent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty percent (80%) level. Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following:
Appears in 1 contract
Samples: Collective Agreement
Deferred Leave. Deferred leave Leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her the employee’s salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent percent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty percent (80%) level. Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following:
(i) An application for such leave shall be in writing.
(ii) The reply shall be given to an employee not later than thirty
Appears in 1 contract
Samples: Collective Agreement