Funding for Deferred Leave Sample Clauses

Funding for Deferred Leave. (i) During the fiscal year(s) prior to the leave, the employee will receive his/her current remuneration, less the amount which the employee has specified in his/her application for the fiscal year(s) in question which is to be retained by the Employer. (ii) The monies retained by the Employer in accordance with clause b) (i) shall be deposited in a recognized trust account designated by the employee.

Funding for Deferred Leave. During the to the leave, the employee will receive their current remuneration, the amount which the employee has specified in the employee's application for the fiscal In is to be by the Employer. The monies retained by the Employer in accordance with clause shall be deposited in a recognized trust account designated by the employee.