Common use of Deferred Salary Provision Clause in Contracts

Deferred Salary Provision. Permanent employees, with a minimum of five years seniority, shall be entitled to have 20% of their salary held back each year for four years for the purpose of a one-year personal leave in the fifth year.

Deferred Salary Provision. Permanent employees, with a minimum of five years seniority, shall be entitled to have up to 20% of their salary held back each year for four years for the purpose of a one-year personal leave in the fifth year.