Tax-Deferred Earnings The investment earnings of your ▇▇▇▇ ▇▇▇ are not subject to federal income tax as they accumulate in your ▇▇▇▇ ▇▇▇. In addition, distributions of your ▇▇▇▇ ▇▇▇ earnings will be free from federal income tax if you take a qualified distribution, as described below.
Vacation Earnings for Partial Years (1) During the first partial year of service a new employee shall earn vacation at the rate of three and two-thirds (3⅔) days for each month for which the employee earns ten (10) days pay. (2) Subject to Clause 17.8, any unused vacation earned during the first (1st) partial year shall be paid to the employee at December 31st of that year. (b) During the first (1st) and subsequent vacation years an employee shall earn one-twelfth (1/12) of the annual entitlement for each month in which the employee has received at least ten (10) days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.
Earnings In the event of a Divorce, the Couple agrees that each Spouse’s earnings during the marriage shall be owned by: (check one)