Common use of Salary Deferral Clause in Contracts

Salary Deferral. 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.

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. (b) The salary deferred shall be deposited in a deposit account in trust for each employee.

Salary Deferral. 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.

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.

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 leave. (b) The salary deferred shall be deposited in a deposit account in trust for each employee. (c) During the leave the Employer shall pay to the employee the total of leave or portion thereofthe deferred income plus all accrued interest in instalments conforming to the regular pay periods.

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 leave. (b) The salary deferred shall be deposited in a deposit account in trust for each employee. (c) During the leave the Employer shall pay to the employee the total of leave or portion thereofthe deferred income plus all accrued interest in installments conforming to the regular pay periods.