Salary Deferral. (a) In each year of participation in the Plan preceding the period of leave, a Teacher shall be paid a reduced percentage of both the regular grid salary and any applicable allowances. The remaining percentage shall be deferred, and this accumulated amount plus interest earned shall be paid to the Teacher during the period of leave.
Appears in 4 contracts
Salary Deferral. (a) In each year of participation in the Plan preceding the period of leave, a Teacher teacher shall be paid a reduced percentage of both the regular grid salary and any applicable allowances. The remaining percentage shall be deferred, and this accumulated amount plus interest earned shall be paid to the Teacher teacher during the period of leave.
Appears in 4 contracts
