Common use of Salary and Benefits - Year of Leave Clause in Contracts

Salary and Benefits - Year of Leave. 1. In the year of the leave the Board shall pay to the teacher the total of the deferred salary and allowances plus all accrued interest installments conforming to the regular pay periods and proportional amounts set forth in the collective agreement in effect for the year of leave or two lump sums as directed by the teacher before June 30th of the year of the leave. The final payment will include any money remaining in the individual account. In the case of lump sum payments, the necessary deductions will be made in accordance with the requirements of Revenue Canada and other regulatory bodies. 2. The Board shall deduct the amounts required for Income Tax, Unemployment Insurance, Canada Pension, Ontario College Teachers Dues and other statutory deductions and any benefits in the collective agreement. 3. Following the leave, it will be the teacher's responsibility to remit the appropriate amount to the Ontario Teachers' Pension Plan in accordance with the Regulation of that Fund if the teacher wishes to improve the Pension for the period of leave.

Salary and Benefits - Year of Leave. 1. ) In the year of the leave the Board shall pay to the teacher the total of the deferred salary and allowances plus all accrued interest installments conforming to the regular pay periods and proportional amounts set forth in the collective agreement Collective Agreement in effect for the year of leave or two lump sums as directed by the teacher before June 30th of the year of the leave. The final payment will include any money remaining in the individual account. In the case of lump sum payments, the necessary deductions will be made in accordance with the requirements of Canada Revenue Canada Agency and other regulatory bodies. 2. ) The Board shall deduct the amounts required for Income Tax, Unemployment Employment Insurance, Canada Pension, Ontario College Teachers Dues of Teacher dues, and other statutory deductions and any benefits in the collective agreementCollective Agreement. 3. ) Following the leave, it will be the teacher's responsibility to remit the appropriate amount to the Ontario Teachers' Pension Plan in accordance with the Regulation of that Fund if the teacher wishes to improve the Pension for the period of leave.

Salary and Benefits - Year of Leave. 1. In the year of the leave the Board shall pay to the teacher the total of the deferred salary and allowances plus all accrued interest installments conforming to the regular pay periods and proportional amounts set forth in the collective agreement Collective Agreement in effect for the year of leave or two lump sums as directed by the teacher before June 30th of the year of the leave. The final payment will include any money remaining in the individual account. In the case of lump sum payments, the necessary deductions will be made in accordance with the requirements of Canada Revenue Canada Agency and other regulatory bodies. 2. The Board shall deduct the amounts required for Income Tax, Unemployment Employment Insurance, Canada Pension, Ontario College Teachers Dues and other statutory deductions and any benefits in the collective agreementCollective Agreement. 3. Following the leave, it will be the teacher's responsibility to remit the appropriate amount to the Ontario Teachers' Pension Plan in accordance with the Regulation of that Fund if the teacher wishes to improve the Pension for the period of leave.