Common use of Employee Self-Funded Leave Clause in Contracts

Employee Self-Funded Leave. a) The Employee Self-Funded Leave Plan permits employees to take a three (3) consecutive month leave for the purpose of permitting the full- time attendance of the employee at a designated educational institution or in any other case six (6) consecutive month to twelve (12) consecutive month leave, subject to the conditions outlined below. During the y term (where “y” must be 36, 48, or 60 months), the employee will agree to be paid by the Employer at x/y (where “x” is “y” minus the length of the leave) of the salary normally paid under this Collective Agreement, subject to the conditions outlined below. The amount of the current Compensation Amount deferred by the employee under the plan cannot exceed 33a% in any calendar year in accordance with the Income Tax Act. The employee will endeavour to commence the leave at the beginning of the school year or conclude at the end of the school year. The leave term must be taken in the final year of the plan.

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

Employee Self-Funded Leave. a) The Employee Self-Funded Leave Plan permits employees to take a three (3) consecutive month leave for the purpose of permitting the full- full-time attendance of the employee at a designated educational institution or in any other case six (6) consecutive month to twelve (12) consecutive month leave, subject to the conditions outlined below. During the y term (where “y” must be 36, 48, or 60 months), the employee will agree to be paid by the Employer at x/y (where “x” is “y” minus the length of the leave) of the salary normally paid under this Collective Agreement, subject to the conditions outlined below. The amount of the current Compensation Amount deferred by the employee under the plan cannot exceed 33a% 33 1/3% in any calendar year in accordance with the Income Tax Act. The employee will endeavour endeavor to commence the leave at the beginning of the school year or conclude at the end of the school year. The leave term must be taken in the final year of the plan.

Appears in 1 contract

Samples: Collective Agreement

Employee Self-Funded Leave. a) The Employee Self-Funded Leave Plan permits employees to take a three (3) consecutive month leave for the purpose of permitting the full- full-time attendance of the employee at a designated educational institution or in any other case six (6) consecutive month to twelve (12) consecutive month leave, subject to the conditions outlined below. During the y term (where “y” must be 36, 48, or 60 months), the employee will agree to be paid by the Employer at x/y (where “x” is “y” minus the length of the leave) of the salary normally paid under this Collective Agreement, subject to the conditions outlined below. The amount of the current Compensation Amount deferred by the employee under the plan cannot exceed 33a% 33⅓% in any calendar year in accordance with the Income Tax Act. The employee will endeavour to commence the leave at the beginning of the school year or conclude at the end of the school year. The leave term must be taken in the final year of the plan.

Appears in 1 contract

Samples: Agreement

Employee Self-Funded Leave. (a) The Employee Self-Funded Leave Plan permits employees to take a three (3) consecutive month leave for the purpose of permitting the full- full-time attendance of the employee at a designated educational institution or in any other case six (6) consecutive month to twelve (12) consecutive month leave, subject to the conditions outlined below. During the y term (where “y” must be 36, 48, or 60 months), the employee will agree to be paid by the Employer at x/y (where “x” is “y” minus the length of the leave) of the salary normally paid under this Collective Agreement, subject to the conditions outlined below. The amount of the current Compensation Amount deferred by the employee under the plan cannot exceed 33a% 33 1/3% in any calendar year in accordance with the Income Tax Act. The employee will endeavour endeavor to commence the leave at the beginning of the school year or conclude at the end of the school year. The leave term must be taken in the final year of the plan.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

Employee Self-Funded Leave. (a) The Employee Self-Funded Leave Plan permits employees to take a three (3) consecutive month leave for the purpose of permitting the full- full-time attendance of the employee at a designated educational institution or in any other case six (6) consecutive month to twelve (12) consecutive month leave, subject to the conditions outlined below. During the y term (where "y" must be 36, 48, or 60 months), the employee will agree to be paid by the Employer at x/y (where "x" is "y" minus the length of the leave) of the salary normally paid under this Collective Agreement, subject to the conditions outlined below. The amount of the current Compensation Amount deferred by the employee under the plan cannot exceed 33a% 33 1/3% in any calendar year in accordance with the Income Tax Act. The employee will endeavour endeavor to commence the leave at the beginning of the school year or conclude at the end of the school year. The leave term must be taken in the final year of the plan.

Appears in 1 contract

Samples: Collective Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!