Deferred Salary Scheme. 1Employees 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 80% salary for the first four continuous years of the nominated period, and take the fifth year as special leave, using the accumulated reserves of deferred salary.
Appears in 2 contracts
Samples: Employment Agreement, Employment Agreement
Deferred Salary Scheme. 1Employees 4.16.1 Employees 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 four continuous years of the nominated period, and take the fifth year as special leave, using the accumulated reserves of deferred salary.four
Appears in 2 contracts
Samples: Religious Institute Schools Agreement, Diocesan Schools Agreement
Deferred Salary Scheme. 1Employees β
4.17.1 Employees 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 four continuous years of the nominated period, and take the fifth year as special leave, using the accumulated reserves of deferred salary.four
Appears in 2 contracts
Samples: Single Enterprise Collective Agreement, Single Enterprise Collective Agreement
