Common use of Salary Deferral Clause in Contracts

Salary Deferral. (i) In each year of membership in the Plan preceding the year of leave, an Employee will be paid a reduced percentage of both the regular grid salary and any applicable allowances, up to a maximum of six (6) years. No more than 33 1/3% of the Employees salary may be deferred in any one calendar year. The remaining percentage will be retained by the Employer and deposited at interest in an individual trust account for the Employee, and all remaining monies will be paid to the Employee in the year of leave.

Salary Deferral. (ia) In each year of membership in the Plan preceding the year year/semester of leave, an Employee a Member will be paid a reduced percentage of both the regular grid salary and any applicable allowances, up to a maximum of six (6) years. No more than 33 1/3% of the Employees Member’s salary may be deferred in any one calendar year. The remaining percentage will be retained by the Employer Board and deposited at interest in an individual trust account for the Employee, Member and all remaining monies will be paid to the Employee Member in the year year/semester of leave.

Salary Deferral. (i) In each year of membership in the Plan preceding the year of leave, an Employee will be paid a reduced percentage of both the regular grid salary and any applicable allowances, up to a maximum of six (6) years. No more than 33 1/3% of the Employees Employee’s salary may be deferred in any one calendar year. The remaining percentage will be retained by the Employer and deposited at interest in an individual trust account for the Employee, and all remaining monies will be paid to the Employee in the year of leave.

Salary Deferral. (ia) In each year of membership in the Plan preceding the year of leave, an Employee a DECE will be paid a reduced percentage of both the their regular grid salary. No more than 33-1/3% of the DECE’s salary and may be deferred in any applicable allowances, one (1) calendar year up to a maximum of six (6) years. No more than 33 1/3% of the Employees salary may be deferred in any one calendar year. The remaining percentage will be retained by the Employer Board and deposited at interest in an individual trust account for the EmployeeDECE, and all remaining monies will be paid to the Employee DECE in the year of leave.

Salary Deferral. (ia) In each year of membership in the Plan preceding the year of leave, an Employee a DECE will be paid a reduced percentage of both the their regular grid salary. No more than 33-1/3% of the DECE’s salary and may be deferred in any applicable allowances, one (1) calendar year up to a maximum of six (6) years. No more than 33 1/3% of the Employees salary may be deferred in any one calendar year. The remaining percentage will be retained by the Employer Board and deposited at interest in an individual trust account for the EmployeeDECE, and all remaining monies will be paid to the Employee DECE in the year of leave.

Salary Deferral. (i1) In each year of membership in the Plan preceding the year of leave, an Employee will be paid a reduced percentage of both the regular grid salary and any applicable allowances, up to a maximum of six (6) years. No more than 33 1/3% of the Employees Employee’s salary may be deferred in any one calendar year. The remaining percentage will be retained by the Employer and deposited at interest in an individual trust account for the Employee, and all remaining monies will be paid to the Employee in the year of leave.