Payment of the Deferred Salary. The deferred salary will be paid to you in equal monthly installments. For example, if you have saved forty-percent (40%) of your annual salary and have chosen to take a six (6) month leave, the deferred amount will be paid to you in equal installments over six (6) months; (your normal salary from the University will cease for the duration of your self- funded leave). Return from Leave Upon returning from your leave of absence, you have the right to return to the same or equivalent position you held prior to going on leave of absence without loss of salary or seniority. Your vacation and sick leave balance that has accumulated before your leave will be reinstated. Cancellation of Leave Employees who join the plan must follow through with their commitment. However, in unforeseen or extenuating circumstances, such as a promotion or transfer to a new job, you may withdraw from the plan up to three (3) months before the date of the scheduled leave. Your department supervisor and the Associate Vice-President (Human Resources) must be informed in writing of your intention to withdraw from the plan. On leaving the plan you will receive the amount of salary accumulated (less tax) plus any interest not already paid. Withdrawal from the plan will not prevent you from reapplying at a later date. Should you die while participating in the plan, any balance in your account at the time of death will be paid to your estate.
Payment of the Deferred Salary. The deferred salary will be paid in equal instalments on the regular pay dates for the duration of the leave.
Payment of the Deferred Salary. The deferred salary will be paid in equal instalments on the regular pay dates for the duration of the leave. Return from Leave UTS will hold the employee’s position for the duration of the leave or if the position no longer exists, layoff provisions of the collective agreement shall apply. Seniority will continue to accrue during the employee’s leave. During the leave, vacation will not accumulate and the employee will not be eligible for paid sick leave. In determining the salary level applicable following the employee’s return, the period of leave shall not qualify for salary grid movement.
Payment of the Deferred Salary. The deferred salary will be paid to you in equal monthly instalments. For example, if you have saved forty percent (40%) of your annual salary and have chosen to take a six (6) month leave, the deferred amount will be paid to you in equal instalments over six (6) months (your normal salary from the University will cease for the duration of your self-funded leave).
Payment of the Deferred Salary. The deferred salary will be paid to you in equal monthly installments. For example, if you have saved forty-percent (40%) of your annual salary and have chosen to take a six
