Common use of Deferred Salary Clause in Contracts

Deferred Salary. 2.01 Throughout the plan years preceding the leave, the University shall deduct the deferred salary from the participant’s earnings and entrust it to the Trustee, which manages the Fund. This withholding is pro-rated over the periodic payments of earnings made to the participant during the entire deferral period. In no case is the deferred salary to exceed 33 1/3% of the earnings. The percentage achieved by multiplying the deferral period by the percentage withheld is not to exceed 100%.

Deferred Salary. 2.01 Throughout the During each plan years preceding year prior to the leave, the University shall will deduct the deferred salary from the participant’s participating employee's earnings and entrust it to such amount with the Trustee, which manages trustee responsible for the Fundfund. This withholding is pro-rated These deductions are spread over the periodic payments of earnings made to the participant during the entire deferral period, and are prorated on the earnings periodically paid to the participant. In no case is the The deferred salary to cannot exceed 33 1/31/3 % of the earnings. The percentage achieved by multiplying product of the deferral period multiplied by the percentage withheld is of deduction cannot to exceed 100%.

Deferred Salary. 2.01 Throughout the plan years preceding the leave, the University shall deduct the deferred salary from the participant’s earnings and entrust it to the Trustee, which manages the Fund. This withholding is pro-rated over the periodic payments of earnings made to the participant employee during the entire deferral period. In no case is the deferred salary to exceed 33 1/3% of the earnings. The percentage amount achieved by multiplying the deferral period by the percentage withheld is not to exceed 100%.