Taking of Leave of Absence. 4.1 The Leave of Absence shall occur according to, and be governed by, the provisions of the Collective Agreement. 4.2 The manner of payment to the Participating during the Leave of Absence shall be in monthly installments commencing one month following the start of the Leave of Absence. In no event shall payment be made more frequently than monthly and all of the Deferred Compensation Amount will be paid to the Participant no later than the end of the first taxation year that commences after the end of the period of deferral. 4.3 The amounts to be paid to the Participant during the Leave of Absence shall be related to the monies retained by the Federation in accordance with 3.1 above, but less any deductions made by the Federation under 4.6 below, and any monies required by law to be paid by the Federation for or on behalf of the Participant. 4.4 While the Participant is enrolled in the plan, any applicable health and welfare benefits computed with reference to salary shall be structured according to the Current Compensation Amount. 4.5 The Federation will continue paying its share of applicable health and welfare benefit premiums for the Participant during the non-leave years of the plan. (a) The Federation will maintain applicable health and welfare benefit coverage for the Participant during the Leave of Absence. The Federation will pay the costs of these plans for the first two months of the leave period, and the Participant will assume the full costs for said benefits for any period of leave in excess of two months, save those required to be paid by the Federation by law. (b) The cost of the Participant’s applicable health and welfare benefit coverage for leave periods in excess of two months shall be deducted from the monthly installment payments. (c) The Federation will pay from the Deferred Compensation amount all union dues that may be required under the Union’s constitution. 4.7 During the Leave of Absence, the Participant will not accumulate nor be entitled to statutory holidays, maternity, sick or other leaves, or promotions.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
