Common use of Pre-Paid Plan Clause in Contracts

Pre-Paid Plan. 22.01 Parkdale Queen Xxxx agrees to continue a pre-paid leave program, funded solely by the nurses, subject to the following terms of conditions: (a) The plan is available to nurses wishing to spread four (4) years’ salary over a five (5) year period, in accordance with Part LXIII of the Income Tax Regulations, Section 6801, to enable them to take a one (1) year leave of absence following the four (4) years of salary deferral. (b) The nurse must make written application to the Executive Director at least six (6) months prior to the intended commencement date of the program (i.e. the salary deferral portion), stating the intended purpose of the leave. (c) The year for purposes of the program shall be September 1 of one year to August 31 the following year or such other twelve (12) month period as may be agreed upon by the nurse, the local Association and Parkdale Queen West. (d) Written applications will be reviewed by the Executive Director. Leaves requested for the purpose of pursuing further formal nursing education will be given priority. Applications for leaves requested for other purposes will be given the next level of priority on the basis of seniority. (e) During the four (4) years of salary deferral, 20% of the nurse's gross annual earnings will be deducted and held for the nurse and will not be accessible to her or him until the year of the leave or upon withdrawal from the plan. (f) The manner in which the deferred salary is held shall be at the discretion of Parkdale Queen West. (g) All deferred salary, plus accrued interest, if any, shall be paid to the nurse at the commencement of the leave or in accordance with such other payment schedule as may be agreed upon between Parkdale Queen West and the nurse. (h) All benefits shall be kept whole during the four (4) years of salary deferral. During the year of the leave, seniority will accumulate. Service for the purpose of vacation and salary progression and other benefits will be retained but will not accumulate during the period of leave. Full-time nurses shall become responsible for the full payment of premiums for any health and welfare benefits in which they are participating. (i) A nurse may withdraw from the plan at any time during the deferral portion provided three (3) months’ notice is given to the Executive Director. Deferred salary, plus accrued interest, if any, will be returned to the nurse, within a reasonable period of time. (j) If the nurse terminates employment, the deferred salary held by Parkdale Queen West plus accrued interest, if any, will be returned to the nurse within a reasonable period of time. In case of the nurse's death, the funds will be paid to the nurse's estate. (k) Parkdale Queen West will endeavour to find a temporary replacement for the nurse as far in advance as practical. If Parkdale Queen Xxxx is unable to find a suitable replacement, it may postpone the leave. Parkdale Queen Xxxx will give the nurse as much notice as is reasonably possible. The nurse will have the option of remaining in the Plan and rearranging the leave at a mutually agreeable time or of withdrawing from the Plan and having the deferred salary, plus accrued interest, if any, paid out to the nurse within a reasonable period of time. (l) The nurse will be reinstated to the nurse’s former position unless the position has been discontinued, in which case the nurse shall have rights under the layoff clause. (m) Final approval for entry into the pre-paid leave program will be subject to the nurse entering into a formal agreement with Parkdale Queen West in order to authorize Parkdale Queen West to make the appropriate deductions from the nurse's pay. Such agreement will include: i) A statement that the nurse is entering the pre-paid leave program in accordance with this Article of the Collective Agreement. ii) The period of salary deferral and the period for which the leave is requested. iii) The manner in which the deferred salary is to be held. The letter of application from the nurse to Parkdale Queen West to enter the pre-paid leave program will be appended to and form part of the written agreement. (n) No more than two (2) nurses (one per site) will be permitted to take pre-paid leave and sabbatical leave at the same time.

Pre-Paid Plan. 22.01 Parkdale Queen Xxxx The Employer agrees to continue introduce a prePre-paid leave programLeave Program, funded solely by the nursesnurse, subject to the following terms of and conditions: (a) The plan Plan is available to nurses wishing to spread four (4) years’ year's salary over a five (5) year period, in accordance with Part LXIII LXVIII of the Income Tax Regulations, Section 6801, to enable them to take a one one (1) year leave of absence following the four (4) years of salary deferral. (b) The nurse must make written application to the Executive Director or Designate at least six (6) months prior to the intended commencement date of the program (i.e. i.e., the salary deferral portion), stating the intended purpose of the leave. (c) The number of nurses that may be absent at any one time shall be one (1) nurse. The year for purposes of the program shall be September 1 of one one (1) year to August 31 the following year or such other twelve (12) month period as may be agreed upon by the nurse, the local Association Local Union and Parkdale Queen Westthe Employer. (d) Written applications will be reviewed by the Executive DirectorDirector or Designate. Leaves requested for the purpose of pursuing further formal nursing education will be given priority. Applications for leaves requested for other purposes will be given the next level of priority on the basis of seniority. (e) During the four (4) years of salary deferral, twenty percent (20% %) of the nurse's gross annual earnings will be deducted and held for the nurse and will not be accessible to her or him until the year of the leave or upon withdrawal from the planPlan. (f) The manner in which the deferred salary is held shall be at the discretion of Parkdale Queen Westthe Employer. (g) All deferred salary, plus accrued interest, if any, shall be paid to the nurse at the commencement of the leave or in accordance with such other payment schedule as may be agreed upon between Parkdale Queen West the Employer and the nurse. (h) All benefits shall be kept whole during the four (4) years of salary deferral. During the year of the leave, seniority will accumulate. Service for the purpose of vacation and salary progression and other benefits will be retained but will not accumulate during the period of leave. Full-time nurses The nurse shall become responsible for the full payment of premiums for any health Health and welfare benefits Welfare Benefits in which they are participating. Contributions to the Hospitals of Ontario Pension Plan will be in accordance with the Plan. The nurses will not be eligible to participate in the Disability Income Plan during the year of the leave. (i) A nurse may withdraw from the plan Plan at any time during the deferral portion provided three (3) months’ months notice is given to the Executive DirectorDirector or Designate. Deferred salary, plus accrued interest, if any, will be returned to the nurse, nurse within a reasonable period of time. (j) If the nurse terminates employment, the deferred salary held by Parkdale Queen West the Employer plus accrued interest, if any, will be returned to the nurse within a reasonable period of time. In case of the nurse's death, the funds will be paid to the nurse's estate. (k) Parkdale Queen West The Employer will endeavour to find a temporary replacement for the nurse as far in advance as practicalpracticable. If Parkdale Queen Xxxx the Employer is unable to find a suitable replacement, it may postpone the leave. Parkdale Queen Xxxx The Employer will give the nurse as much notice as is reasonably possible. The nurse will have the option of remaining in the Plan and rearranging the leave at a mutually agreeable time or of withdrawing from the Plan and having the deferred salary, salary plus accrued interest, if any, paid out to the nurse them within a reasonable period of time. (l) The nurse will be reinstated to the nurse’s their former position unless the position has been discontinued, in which case the nurse they shall have rights under the layoff clausebe given a comparable job. (m) Final approval for entry into the prePre-paid leave program Leave Program will be subject to the nurse entering into a formal agreement with Parkdale Queen West the Employer in order to authorize Parkdale Queen West the Employer to make the appropriate deductions from the nurse's pay. Such agreement will include: (i) A statement that the nurse is entering the prePre-paid leave program Leave Program in accordance with this Article 11.10 of the Collective Agreement. (ii) The period of salary deferral and the leave period for which the leave is requested. (iii) The manner in which the deferred salary is to be held. The letter of application from the nurse to Parkdale Queen West the Employer to enter the pre-Pre- paid leave program Leave Program will be appended to and form part of the written agreement. (n) No more than two (2) nurses (one per site) will be permitted to take pre-paid leave and sabbatical leave at the same time.

Pre-Paid Plan. 22.01 Parkdale Queen Xxxx The Employer agrees to continue introduce a prePre-paid leave programLeave Program, funded solely by the nursesnurse, subject to the following terms of and conditions: (a) The plan Plan is available to nurses wishing to spread four (4) years’ year's salary over a five (5) year period, in accordance with Part LXIII LXVIII of the Income Tax Regulations, Section 6801, to enable them to take a one one (1) year leave of absence following the four (4) years of salary deferral. (b) The nurse must make written application to the Executive Director or Designate at least six (6) months prior to the intended commencement date of the program (i.e. i.e., the salary deferral portion), stating the intended purpose of the leave. (c) The number of nurses that may be absent at any one time shall be one (1) nurse. The year for purposes of the program shall be September 1 of one (1) year to August 31 the following year or such other twelve (12) month period as may be agreed upon by the nurse, the local Association Local Union and Parkdale Queen Westthe Employer. (d) Written applications will be reviewed by the Executive DirectorDirector or Designate. Leaves requested for the purpose of pursuing further formal nursing education will be given priority. Applications for leaves requested for other purposes will be given the next level of priority on the basis of seniority. (e) During the four (4) years of salary deferral, twenty percent (20% %) of the nurse's gross annual earnings will be deducted and held for the nurse and will not be accessible to her or him until the year of the leave or upon withdrawal from the planPlan. (f) The manner in which the deferred salary is held shall be at the discretion of Parkdale Queen Westthe Employer. (g) All deferred salary, plus accrued interest, if any, shall be paid to the nurse at the commencement of the leave or in accordance with such other payment schedule as may be agreed upon between Parkdale Queen West the Employer and the nurse. (h) All benefits shall be kept whole during the four (4) years of salary deferral. During the year of the leave, seniority will accumulate. Service for the purpose of vacation and salary progression and other benefits will be retained but will not accumulate during the period of leave. Full-time nurses The nurse shall become responsible for the full payment of premiums for any health Health and welfare benefits Welfare Benefits in which they are participating. Contributions to the Hospitals of Ontario Pension Plan will be in accordance with the Plan. The nurses will not be eligible to participate in the Disability Income Plan during the year of the leave. (i) A nurse may withdraw from the plan Plan at any time during the deferral portion provided three (3) months’ notice is given to the Executive DirectorDirector or Designate. Deferred salary, plus accrued interest, if any, will be returned to the nurse, nurse within a reasonable period of time. (j) If the nurse terminates employment, the deferred salary held by Parkdale Queen West the Employer plus accrued interest, if any, will be returned to the nurse within a reasonable period of time. In case of the nurse's death, the funds will be paid to the nurse's estate. (k) Parkdale Queen West The Employer will endeavour to find a temporary replacement for the nurse as far in advance as practicalpracticable. If Parkdale Queen Xxxx the Employer is unable to find a suitable replacement, it may postpone the leave. Parkdale Queen Xxxx The Employer will give the nurse as much notice as is reasonably possible. The nurse will have the option of remaining in the Plan and rearranging the leave at a mutually agreeable time or of withdrawing from the Plan and having the deferred salary, salary plus accrued interest, if any, paid out to the nurse them within a reasonable period of time. (l) The nurse will be reinstated to the nurse’s their former position unless the position has been discontinued, in which case the nurse they shall have rights under the layoff clausebe given a comparable job. (m) Final approval for entry into the prePre-paid leave program Leave Program will be subject to the nurse entering into a formal agreement with Parkdale Queen West the Employer in order to authorize Parkdale Queen West the Employer to make the appropriate deductions from the nurse's pay. Such agreement will include: (i) A statement that the nurse is entering the prePre-paid leave program Leave Program in accordance with this Article 11.10 of the Collective Agreement. (ii) The period of salary deferral and the leave period for which the leave is requested. (iii) The manner in which the deferred salary is to be held. The letter of application from the nurse to Parkdale Queen West the Employer to enter the prePre-paid leave program Leave Program will be appended to and form part of the written agreement. (n) No more than two (2) nurses (one per site) will be permitted to take pre-paid leave and sabbatical leave at the same time.