Common use of Investment Arrangements Clause in Contracts

Investment Arrangements. An individual internal trust account will be established for each prepaid leave agreement. The trust account is allocated interest based on the bank rate earned on the University’s operating account. On an annual basis, the University will provide the employee with a statement outlining the monies standing to their credit, inclusive of interest earned. Deferral Period (Benefits Structuring) During the deferral period, any benefits related to the rate of wages shall be structured according to the wages the participant would have received during the deferral period had they not been in the Plan.

Investment Arrangements. An individual internal trust account will be established for each prepaid leave agreement. The trust account is allocated interest based on the bank rate earned on the University’s operating account. On an annual basis, the University will provide the employee with a statement outlining the monies standing to their his/her credit, inclusive of interest earned. Deferral Period (Benefits Structuring) During the deferral period, any benefits related to the rate of wages shall be structured according to the wages the participant would have received during the deferral period had they not been in the Plan.

Investment Arrangements. An individual internal trust account will be established for each prepaid leave agreement. The trust account is allocated interest based on the bank rate earned on the University’s operating account. On an annual basis, the University will provide the employee with a statement outlining the monies standing to their his/her credit, inclusive of interest earned. Deferral Period (Benefits Structuring) During the deferral period, any benefits related to the rate of wages shall be structured according to the wages the participant would have received during the deferral period had they he/she not been in the Plan.