Salary Deferral. (a) In each year of participation in the Plan preceding the year of leave or portion thereof, an employee shall be paid a reduced percentage of regular salary. The remaining percentage shall be deferred and this accumulated amount plus interest earned shall be paid to the employee during the year of leave or portion thereof.
Appears in 8 contracts
Samples: Collective Agreement, Casual Employees, Collective Agreement
Salary Deferral. (a) In each year of participation in the Plan preceding the year of leave or portion thereofleave, an employee Employee shall be paid a reduced percentage of regular salary. The remaining percentage shall be deferred and this accumulated amount plus interest earned shall be paid to the employee Employee during the year of leave or portion thereofleave.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Salary Deferral. (a) In each year of participation in the Plan preceding the year of leave or portion thereofleave, an employee shall be paid a reduced percentage of regular salary. The remaining percentage shall be deferred and this accumulated amount plus interest earned shall be paid to the employee during the year of leave or portion thereofleave.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Salary Deferral. (a) In each year or portion of a year of participation in the Plan preceding the year of leave or portion thereofleave, an employee shall be paid a reduced percentage of regular salary. The remaining percentage shall be deferred and this accumulated amount plus interest earned shall be paid to the employee during the year of leave or portion thereofleave. Accumulated interest will be paid out annually.
Appears in 1 contract
Samples: Collective Agreement
Salary Deferral. (a) In each year of participation in the Plan preceding the year of leave or portion thereofleave, an employee shall be paid a reduced percentage of regular his/her annual salary. The remaining percentage shall will be deferred and this accumulated amount plus interest earned shall be paid to the employee during the year of leave or portion thereofleave.
Appears in 1 contract
Samples: Collective Agreement
Salary Deferral. (a) In each year or portion of a year of participation in the Plan preceding the year of leave or portion thereofleave, an employee shall be paid a reduced percentage of regular salary. The remaining percentage shall be deferred and this accumulated amount plus interest earned shall be paid to the employee during the year of leave or portion thereofleave.
Appears in 1 contract
Samples: Collective Agreement
Salary Deferral. (a) In each year of participation in the Plan preceding the year of leave or portion thereofleave, an employee shall be paid a reduced percentage of regular their annual salary. The remaining percentage shall will be deferred and this accumulated amount plus interest earned shall be paid to the employee during the year of leave or portion thereofleave.
Appears in 1 contract
Samples: Collective Agreement