Common use of Deferred Salary Scheme Clause in Contracts

Deferred Salary Scheme. 4.16.1 Employees who have completed three (3) consecutive years' full-time service with the employer at the time of application may apply to be included in a deferred salary scheme. The scheme will enable employees, over a five-year period, to receive eighty per cent (80%) salary for the first four

Deferred Salary Scheme. 4.16.1 7.6.1 Employees who have completed three (3) consecutive years' full-time service with the employer at the time of application may apply to be included in a deferred salary scheme. The scheme will enable employees, over a five-year period, to receive eighty per cent (80%) salary for the first fourfour (4) continuous years of the nominated period, and take the fifth (5th) year as special leave, using the accumulated reserves of deferred salary.

Deferred Salary Scheme. 4.16.1 Employees 9.20.1Employees who have completed three (3) consecutive years' full-full time service with the employer at the time of application may apply to be included in a deferred salary scheme. The scheme will enable employees, over a five-year period, to receive eighty per cent (80%) % salary for the first fourfour continuous years of the nominated period, and take the fifth year as special leave, using the accumulated reserves of deferred salary.

Deferred Salary Scheme. 4.16.1 Employees 9.19.1Employees who have completed three (3) consecutive years' full-full time service with the employer at the time of application may apply to be included in a deferred salary scheme. The scheme will enable employees, over a five-year period, to receive eighty per cent (80%) % salary for the first fourfour continuous years of the nominated period, and take the fifth year as special leave, using the accumulated reserves of deferred salary.