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 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.

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

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.

Appears in 2 contracts

Samples: Letter of Agreement, Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.