Common use of Taking of Leave of Absence Clause in Contracts

Taking of Leave of Absence. The taking of a Leave of Absence shall be governed by the following provisions: 4.1 The Leave of Absence shall occur according to, and be governed by the terms of this Article. 4.2 The leave of absence shall be for not less than six (6) consecutive months. NB: To comply with Revenue Canada - Income Tax Act 4.3 The leave of absence shall commence and subsequently cease coinciding with the natural breaks in the delivery of the education program. 4.4 The time and manner of payment to the participant during the leave of absence shall be in accordance with a plan determined by the participant prior to the commencement of leave, but in any event payments shall not be more frequent than provided for the payment of regular salaries and all amounts payable shall be paid to the participant no later than the end of the first taxation year that commences after the end of the deferral period. NB: To comply with Revenue Canada - Income Tax Act 4.5 The salary to be paid to a Participant during a Leave of Absence shall be related to the moneys retained by the Board in accordance with clause 3.1 for such Participant, as augmented by the interest earned thereon in accordance with clause 3.3, but less any deductions made by the Board under clause 5.1 and any monies required by law to be paid by the Board for or on behalf of a Participant. NB: To comply with Revenue Canada - Income Tax Act 4.6 The total of the payments to be made to a participant in accordance with clause 4.2 during a leave of absence shall be the deferred compensation amount retained by the board, but less any monies required by law or in accordance with the terms of the collective agreement, to be paid by the board for or on behalf of a participant. The participant shall not receive any salary from the board during the leave other than the deferred compensation amount. NB: To comply with Revenue Canada - Income Tax Act 4.7 Notwithstanding the period of leave specified in the Memorandum of Agreement, a participant may, on one occasion only, with the consent of the Superintendent or designate, and, given not less than six (6) months notice prior to the scheduled date for the commencement of the leave, postpone such leave for a period not greater than one year. This postponement will not move the commencement of the leave beyond six years from the date of enrollment in the Plan. NB: To comply with Revenue Canada - Income Tax Act 4.8 Subject to 4.7 above, the leave of absence shall immediately follow the deferral period. NB: To comply with Revenue Canada - Income Tax Act 4.9 On return from his/her Leave of Absence, the specialist will be assigned to a position with the Board as required by the terms of the collective agreement then in force between the Board and the Association governing such matters. 4.10 After participation in the Plan, the specialist’s salary and benefits will be as set out in the collective agreement then in force between the Board and the Association governing such matters.

Taking of Leave of Absence. The taking of a Leave of Absence shall be governed by the following provisions: 4.1 The Leave of Absence shall occur according to, and be governed by the terms of this Article. 4.2 The leave of absence shall be for not less than six (6) consecutive months. NB: To comply with Revenue Canada - Income Tax Act 4.3 The leave of absence shall commence and subsequently cease coinciding with the natural breaks in the delivery of the education program. 4.4 The time and manner of payment to the participant during the leave of absence shall be in accordance with a plan determined by the participant prior to the commencement of leave, but in any event payments shall not be more frequent than provided for the payment of regular salaries and all amounts payable shall be paid to the participant no later than the end of the first taxation year that commences after the end of the deferral period. NB: To comply with Revenue Canada - Income Tax Act 4.5 The salary to be paid to a Participant during a Leave of Absence shall be related to the moneys retained by the Board in accordance with clause 3.1 for such Participant, as augmented by the interest earned thereon in accordance with clause 3.3, but less any deductions made by the Board under clause 5.1 and any monies required by law to be paid by the Board for or on behalf of a Participant. NB: To comply with Revenue Canada - Income Tax Act 4.6 The total of the payments to be made to a participant in accordance with clause 4.2 during a leave of absence shall be the deferred compensation amount retained by the board, but less any monies required by law or in accordance with the terms of the collective agreement, to be paid by the board for or on behalf of a participant. The participant shall not receive any salary from the board during the leave other than the deferred compensation amount. NB: To comply with Revenue Canada - Income Tax Act 4.7 Notwithstanding the period of leave specified in the Memorandum of Agreement, a participant may, on one occasion only, with the consent of the Superintendent or designate, and, given not less than six (6) months notice prior to the scheduled date for the commencement of the leave, postpone such leave for a period not greater than one year. This postponement will not move the commencement of the leave beyond six years from the date of enrollment in the Plan. NB: To comply with Revenue Canada - Income Tax Act 4.8 Subject to 4.7 above, the leave of absence shall immediately follow the deferral period. NB: To comply with Revenue Canada - Income Tax Act 4.9 On return from his/her their Leave of Absence, the specialist will be assigned to a position with the Board as required by the terms of the collective agreement then in force between the Board and the Association governing such matters. 4.10 After participation in the Plan, the specialist’s salary and benefits will be as set out in the collective agreement then in force between the Board and the Association governing such matters.