Payout. At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.
Appears in 11 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Payout. At the commencement of the period of leave, the College University shall pay to the participant participant, in equal instalments on a bi-weekly basis, the moneys monies standing to his/her credit less any premiums or contributions deducted for required during the yearperiod of the leave, except as may otherwise be mutually agreed, it being . It is understood that interest is not earned for the period of leave.
Appears in 8 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Payout. At the commencement of the period of leave, the College University shall pay to the participant participant, in equal instalments on a bi-weekly basis, the moneys monies standing to his/her their credit less any premiums or contributions deducted for required during the yearperiod of the leave, except as may otherwise be mutually agreed, it being . It is understood that interest is not earned for the period of leave.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Payout. At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her their credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Payout. At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions con- tributions deducted for the year, except as may otherwise oth- erwise be mutually agreed, it being understood that interest is not earned for the period of leave.
Appears in 1 contract
Samples: Collective Agreement