Common use of Salary Hold Back Clause in Contracts

Salary Hold Back. During the years in the Plan prior to the Leave year, 33.33, 25 or 20 per cent, respectively, of the teacher’s salary paid in accordance with the applicable Collective Agreement shall be withheld by the Board. The salary withheld shall be placed in an individual trust in the name of the teacher. A statement of each teacher’s account will be issued at the end of each school year upon request of the teacher.

Salary Hold Back. During the years in the Plan prior to the Leave year, 33.33, 25 or 20 per cent, respectivelyor other appropriate percentage, of the teacher’s 's salary paid in accordance with the applicable Collective Agreement shall be withheld by the Board. The salary withheld shall be placed in an individual trust in the name of the teacher. A statement of each teacher’s 's account will be issued at the end of each school year upon request of the teacher.