Common use of Payment of the Deferred Salary Clause in Contracts

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 to you in equal monthly installmentsinstalments. For example, if you have saved forty-percent forty per cent (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 instalments over six (6) months; months (your normal salary from the University will cease for the duration of your self- 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 senioritylength of service. Your vacation and sick leave balance that has accumulated before your leave will be reinstated. Cancellation of Leave Employees Members who join the plan must follow through with on 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 (President, Human Resources) Resources must be informed in writing of your intention to withdraw from the plan. On leaving the plan 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 to you in equal monthly installments. For example, if you have saved forty-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- 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 on 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 Assistant Vice-President (Human Resources) Resources must be informed in writing of your intention to withdraw from the plan. On leaving the plan 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 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- 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 Assistant Vice-President (Human Resources) 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 to you in equal monthly installmentsinstalments. For example, if you have saved forty-percent (40%) % of your annual salary and have chosen to take a six (6) six-month leave, the deferred amount will be paid to you in equal installments instalments over six months (6) months; (your Your normal salary from the University will cease for the duration of your self- 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 on their commitment. However, in unforeseen unforseen 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 Assistant Vice-President (President, Human Resources) Resources must be informed in writing of your intention to withdraw from the plan. On leaving the plan 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 to you in equal monthly installmentsinstalments. For example, if you have saved forty-percent forty per cent (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 instalments over six (6) months; months (your normal salary from the University will cease for the duration of your self- 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 senioritylength of service. 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 on 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 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.