Common use of Deferred Clause in Contracts

Deferred. The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part benefits shall be kept whole during the deferral period of the plan. Employees will be allowed to participate in health and welfare benefits plans during the year of the leave, but the full cost of such plans will be borne by the employees. Contributions to the Hospitals of Ontario Pension Pan will be in accordance with the Plan. Notwithstanding the above, employees will not be eligible to participate in the disability income plan during the year of leave.

Deferred. The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such All deferred salary. Interest which is accumulated during each year of the deferral period , plus interest, if any, shall be paid out to the employee nurse at the commencement of the leave or in accordance with Part such other payment schedule as be agreed upon between the Hospital and the nurse. Health & Welfare Benefits All benefits shall be kept whole during the deferral period four (4) years of the plansalary deferral. Employees Nurses will be allowed to participate in health and welfare benefits benefit plans during the year of the leave, but the full cost of such plans will be borne by the employeesnurse. Contributions to the Hospitals of Ontario Pension Pan Plan will be in accordance with the Plan. Notwithstanding the above, employees nurses will not be eligible to participate in the disability income plan during the year of leavethe plan.

Deferred. The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which Interestwhich is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part of the Income Tax Section All benefits shall be kept whole during the deferral period of the plan. Employees will be allowed to participate in health and welfare benefits plans during the year of the leave, but the full cost of such plans will be borne by the employees. Contributions to the Hospitals of Ontario Pension Pan Plan will be in accordance with the Plan. Notwithstanding the above, employees will not be eligible to participate in the disability income plan during the year of the leave.

Deferred. The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part of the Income Tax Section All benefits shall be kept whole during the deferral period of the plan. Employees will Full-Time Only Employeeswill be allowed to participate in participatein health and welfare benefits plans during the year of the leave, but the full cost of such plans will be borne by the employees. Contributions to the Hospitals of Ontario Pension Pan Plan will be in accordance with the Plan. Notwithstanding the Notwithstandingthe above, employees will not be eligible to participate in the disability income plan during the year of the leave.