Utilization of Sabbatical Entitlement Sample Clauses

Utilization of Sabbatical Entitlement. (a) The length of the sabbatical leave period must be for a minimum of six (6) months to a maximum of twelve (12) months and must commence immediately following the salary deferral period as per the applicable legislation and regulations from the Canada Revenue Agency. (b) The salary while on sabbatical leave shall be based on the total amount of salary deferred by the employee and paid to the employee in bi-weekly installments over the period of the sabbatical leave. (c) During the sabbatical leave period The following will cease: ▪ Pension contributions although employees may be entitled to purchase the leave period upon their return to work as per the OMERS Regulations ▪ Long Term Disability Insurance (LTDI) coverage ▪ Workplace Safety Insurance Board (WSIB) coverage ▪ Accrual of and entitlements to all leave provisions ▪ All other benefits/entitlements under the Collective Agreement ▪ Accrual of service ▪ Deduction of union dues Employees will have the option to: ▪ Maintain coverage in the Health and Dental Plan provided they pay 100% of the premium cost. ▪ Maintain life insurance coverage provided they pay 100% of the premium cost. (d) An employee is required to return to employment with the Corporation for a minimum period equal to the length of sabbatical leave. (e) An employee returning from sabbatical leave shall return to his/her regular duties, unless the employee’s position has been declared redundant in which case the provisions of Article 23 – Organizational Change shall apply a the end of their sabbatical leave period; (f) Any two (2) sabbatical leave periods must be separated by minimum of seven (7) years of service. However, in special circumstances, this period may be shortened.
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Utilization of Sabbatical Entitlement. Once approved, an employee shall be entitled to a sabbatical leave of absence based on the number of months in which income was deferred, i.e., one (1) calendar month of sabbatical leave for every three (3) calendar months where income was deferred. The minimum leave for each sabbatical shall be six
Sample 1
Utilization of Sabbatical Entitlement. (a) Any single sabbatical leave shall normally be for a period of twelve
Sample 1
Utilization of Sabbatical Entitlement. Any single sabbatical leave will normally be for a period of twelve (12) months but may also be for other periods as agreed between the parties and in accordance with the applicable legislation and rulings by Revenue Canada. The salary while on sabbatical leave shall be based on the total amount of deferred by the employee, paid to the employee in installments over the period of the sabbatical leave. During the sabbatical leave the following conditions shall apply: length of service shall be frozen for the period of the leave; the employee returning from sabbatical shall return to regular duties: continuation in if desired at the employee's continuation in extended health medical at the employee's expense; continuation in dental plan at the employee's expense; continuation of life insurance with the employee paying of the costs. All other under the Collective Agreement shall be suspended until completion of the sabbatical leave. An employee is required to return to employment with the Corporation for a minimum period equal to the length of sabbatical leave. Any two ( 2 ) sabbatical leave periods must be separated by a minimum of seven (7) years of service. However, in special circumstances, this period may be shortened.
Sample 1
Utilization of Sabbatical Entitlement. (a) Any single sabbatical leave shall normally be for a period of twelve (12) months but may also be for other periods as agreed between the parties and in accordance with the applicable legislation and rulings by Canada Customs & Revenue Agency. (b) The salary while on sabbatical leave shall be based on the total amount of salary deferred by the employee and paid to the employee in bi-weekly installments over the period of the sabbatical leave. (c) During the sabbatical leave the following conditions shall apply: • continuous service shall be frozen for the period of leave; • the employee returning from sabbatical shall return to his/her regular duties, unless the position has been discontinued; • continuation of the Health benefit plan at the employee's expense; • continuation in dental plan at the employee's expense; • continuation of life insurance with the employee paying one hundred percent (100%) of the premium cost; All other benefits/entitlements under the collective agreement, including WSIB, shall be suspended until completion of the sabbatical leave. (d) An employee is required to return to employment with the Corporation for a minimum period equal to the length of sabbatical leave. (e) Any two (2) sabbatical leave periods must be separated by minimum of seven (7) years of service. However, in special circumstances, this period may be shortened.
Sample 1
Utilization of Sabbatical Entitlement. Any single sabbatical leave will normally be for a period of twelve (12) months but may also be for other periods as agreed between the parties and in accordance with the applicable legislation and rulings by Revenue Canada. The salary while on sabbatical leave shall be based on the total amount of salary deferred by the employee, paid to the employee in bi- weekly installments over the period of the sabbatical leave. During the sabbatical leave the following conditions shall apply: APPENDIX length of service shall be frozen for the period of the leave; the employee returning from sabbatical shall return to regular duties; continuation in if desired at the employee's expense; continuation in extended health medical at the employee's expense; continuation in dental plan at the employee's expense; continuation of life insurance with the employee paying of the premium costs. All other under the Collective Agreement shall be suspended until completion of the sabbatical leave. An employee is required to return to employment with the Corporation for a minimum period equal to the length of sabbatical leave. Any two (2) sabbatical leave periods must be separated by a minimum of seven (7) years of service. However, in special circumstances, this period may be shortened. On death, termination or retirement, any unused deferred salary shall be paid in lump sum to the employee in the case of death. If for any reason it is necessary to defer the actual year of the leave, the deferral shall not cause the year of leave to commence more than six
Sample 1
Utilization of Sabbatical Entitlement. Any single sabbatical leave shall normally be for a period of twelve 2) months but may also be for other periods as agreed between the parties and in accordance with the applicable legislation and rulings by Canada Customs Revenue Agency. The salary while on sabbatical leave shall be based on the total amount of salary deferred by the employee and paid to the employee in installments over the period of the sabbatical leave. During the sabbatical leave the following conditions shall apply: continuous service shall be frozen for the period of leave; the employee returning from sabbatical shall return to regular duties, unless the position has been discontinued; continuation of the Health benefit plan at the employee's expense; continuation in dental plan at the employee's expense; continuation of life insurance with the employee paying one hundred percent 00%) of the premium cost; All other under the collective agreement, including shall be suspended until completion of the sabbatical leave. An employee is required to return to employment with the Corporation for a minimum period equal to the length of sabbatical leave.
Sample 1
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Related to Utilization of Sabbatical Entitlement

  • Public Employees Retirement System “PERS”) Members.

  • Retirement System The withdrawal of employee contributions made on or after January 1, 2014 may also be withdrawn but only on an actuarially neutral basis. The actuarial present value of the pension reduction shall be equal to the amount of accumulated member contributions withdrawn. The actuarial present value shall computed using the interest rate used in the annual actuarial valuation and the mortality table used in the annual actuarial valuation with a 50% unisex blend.

  • Termination of 401(k) Plan At Parent’s written request, delivered no later than fifteen (15) days prior to the Closing, the Company shall terminate the Furmanite Corporation 401(k) Savings and Investment Plan (the “Company 401(k) Plan”) effective immediately prior to the Closing Date and contingent upon the occurrence of the Closing, and upon such termination, shall cease all further contributions to the Company 401(k) Plan for pay periods beginning on and after the Closing Date and, to the extent the Company 401(k) Plan provides for loans to participants, and upon such termination, shall cease making any such additional loans effective immediately prior to the Closing Date. If Parent does not instruct the Company to terminate the Company 401(k) Plan, nothing herein shall be deemed to prevent the Surviving Corporation or Parent from terminating the Company 401(k) Plan following the Closing in accordance with applicable Law. In the event that Parent instructs the Company to terminate the Company 401(k) Plan, (a) prior to the Closing Date and thereafter (as applicable), the Company and Parent shall take any and all action as may be required, including amendments to the Company 401(k) Plan and/or the corresponding 401(k) plan sponsored or maintained by Parent or one of its Subsidiaries (the “Parent 401(k) Plan”) to comply with applicable Law, (b) subject to the receipt of a favorable IRS determination letter with respect to the termination of the Company 401(k) Plan, to permit each employee of the Company and its Subsidiaries who continues to be employed by Parent or its Subsidiaries (including, for the avoidance of doubt the Surviving Corporation and its Subsidiaries) immediately following the Effective Time (each, a “Continuing Employee”) to make rollover contributions of “eligible rollover distributions” (within the meaning of Section 401(a)(31) of the Code, including of loans) in cash or notes (in the case of loans) in an amount equal to the eligible rollover distribution portion of the account balance distributable to such Continuing Employee from the Company 401(k) Plan to the corresponding Parent 401(k) Plan, and (c) upon any termination of the Company 401(k) Plan in accordance with this Section 6.03, the Continuing Employees shall be eligible to participate, effective as of the Effective Time, in the Parent 401(k) Plan.

  • Reporting of Total Compensation of Subrecipient Executives 1. Applicability and what to report. Unless you are exempt as provided in paragraph d. of this award term, for each first-tier subrecipient under this award, you shall report the names and total compensation of each of the subrecipient's five most highly compensated executives for the subrecipient's preceding completed fiscal year, if-- i. in the subrecipient's preceding fiscal year, the subrecipient received-- (A) 80 percent or more of its annual gross revenues from Federal procurement contracts (and subcontracts) and Federal financial assistance subject to the Transparency Act, as defined at 2 CFR 170.320 (and subawards); and (B) $25,000,000 or more in annual gross revenues from Federal procurement contracts (and subcontracts), and Federal financial assistance subject to the Transparency Act (and subawards); and ii. The public does not have access to information about the compensation of the executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986. (To determine if the public has access to the compensation information, see the U.S. Security and Exchange Commission total compensation filings at xxxx://xxx.xxx.xxx/answers/execomp.htm.) 2. Where and when to report. You must report subrecipient executive total compensation described in paragraph c.1. of this award term: i. To the recipient. ii. By the end of the month following the month during which you make the subaward. For example, if a subaward is obligated on any date during the month of October of a given year (i.e., between October 1 and 31), you must report any required compensation information of the subrecipient by November 30 of that year.

  • TERMINATION OF EFT SERVICES You may terminate this Agreement or any EFT service under this Agreement at any time by notifying us in writing and stopping your use of your card and any access code. You must return all cards to the Credit Union. You also agree to notify any participating merchants that authority to make xxxx payment transfers has been revoked. We may also terminate this Agreement at any time by notifying you orally or in writing. If we terminate this Agreement, we may notify any participating merchants making preauthorized debits or credits to any of your accounts that this Agreement has been terminated and that we will not accept any further preauthorized transaction instructions. We may also program our computer not to accept your card or access code for any EFT service. Whether you or the Credit Union terminates this Agreement, the termination shall not affect your obligations under this Agreement for any electronic transactions made prior to termination.

  • Portability of Sick Leave 1. The employer will accept up to sixty (60) accumulated sick leave days from other school districts in British Columbia, for employees hired to or on exchange in the district. 2. An employee hired to or on exchange in the district shall accumulate and utilize sick leave credit according to the provisions of the Collective Agreement as it applies in that district.

  • Continuation of Health Benefits An employee on an approved Military Caregiver Leave shall be entitled to continue participation in health plan coverage (medical, dental, and optical) as if on pay status during the leave.

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • Sick Leave Credit-Based Retirement Gratuities 1) A Teacher is not eligible to receive a sick leave credit gratuity after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day. 2) If the Teacher is eligible to receive a sick leave credit gratuity, upon the Teacher’s retirement, the gratuity shall be paid out at the lesser of, a) the rate of pay specified by the board’s system of sick leave credit gratuities that applied to the Teacher on August 31, 2012; and b) the Teacher’s salary as of August 31, 2012. 3) If a sick leave credit gratuity is payable upon the death of a Teacher, the gratuity shall be paid out in accordance with subsection (2). 4) For greater clarity, all eligibility requirements must have been met as of August 31, 2012 to be eligible for the aforementioned payment upon retirement, and the Employer and Union agree that any and all wind-up payments to which Teachers without the necessary years of service were entitled to under Ontario Regulation 01/13: Sick Leave Credits and Sick Leave Credit Gratuities, have been paid. 5) For the purposes of the following boards, despite anything in the board’s system of sick leave credit gratuities, it is a condition of eligibility to receive a sick leave credit gratuity that the Teacher have ten (10) years of service with the board: i. Near North District School Board ii. Avon Maitland District School Board iii. Xxxxxxxx-Xxxxxxxxx District School Board

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