Prepaid Leave Plan. The Employer agrees to introduce a prepaid leave program, funded solely by the nurse, subject to the following terms and conditions:
(a) The plan is available to nurses wishing to spread four (4) year’s salary over a five (5) year period, in accordance with Part LXVIII of the Income Tax Regulations, Section 6801, to enable them to take a one (1) year leave of absence to pursue formal education following the four (4) years of salary deferral.
(b) The nurse must make written application to the Administrator or designate at least six (6) months prior to the intended commencement date of the program (i.e. the salary deferral portion), stating the intended purpose of the leave.
(c) The year for purposes of the program shall be September 1 of one year to August 31 the following year or such other twelve (12) month period as may be agreed upon by the nurse, the local Association and the Employer. There shall be one (1) nurse allowed off at any one time.
(d) Written applications for the purpose of pursuing further formal education will be reviewed by the Administrator or designate for leaves requested.
(e) During the four (4) years of salary deferral, 20% of the nurses’ gross annual earnings will be deducted and held for the nurse and will not be accessible to her/him until the year of the leave or upon withdrawal from the plan.
(f) The manner in which the deferred salary is held shall be at the discretion of the Employer.
(g) All deferred salary, plus accrued interest, if any, shall be paid to the nurse at the commencement of the leave or in accordance with such other payment schedule as may be agreed upon between the Employer and the Nurse.
(h) All benefits shall be kept whole during the four (4) years of salary deferral. During the year of the leave, seniority will accumulate. Service for the purpose of vacation and salary progression and other benefits will be retained but will not accumulate during the period of leave. The nurse shall become responsible for the full payment of premiums for any health and welfare benefits in which she is participating. Contributions to the Ontario Municipal Nurses Retirement System will be in accordance with the Plan. The nurses will not be eligible to participate in the disability income plan during the year of the leave.
(i) A nurse may withdraw from the plan at any time during the deferral portion provided three (3) months’ notice is given to the Administrator or designate. Deferred salary, plus accrued interest, if any, wi...
Prepaid Leave Plan. (a) The maximum number of full-time nurses who may be absent at one time under the Prepaid Leave Plan shall be one (1).
(b) The maximum number of part-time nurses who may be absent at one time under the Prepaid Leave Plan shall be one (1).
Prepaid Leave Plan. On units with less than twenty (20) employees no more than one (1) employee will be absent on prepaid leave at any one time. On units with twenty (20) to forty (40) employees, no more than two (2) employees will be absent on prepaid leave at any one time. On units with forty-one (41) to sixty (60) employees, no more than three (3) employees will be absent on prepaid leave at any one time. On units with more than sixty (60) employees, no more than four (4) employees will be absent on prepaid leave at any one time. The Hospital will consider additional requests for prepaid leave beyond the above levels.
Prepaid Leave Plan. Employees are eligible to participate in the Hospital’s Prepaid Leave Program, funded solely by the Employee, subject to the terms and conditions as set out in the Hospital’s Human Resources Policies and Procedures Manual.
Prepaid Leave Plan. The Region and the Union have developed an approved Prepaid Leave Plan. The parties have entered into a Letter of Understanding as required by the Federal Ministry of Revenue, for the implementation of this plan, and this Letter of Understanding is attached as Appendix "C" to this Agreement.
Prepaid Leave Plan. The Employer agrees to introduce a prepaid leave program, funded solely by the Nurse, subject to the following terms and conditions:
(a) The plan is available to Nurses wishing to spread four (4) year's salary over a five
Prepaid Leave Plan. The purpose of this Prepaid Leave Plan is to afford employees the opportunity of taking a leave of absence for a period of up to one (1) year, and through deferral of their salary, finance the leave. (Refer to HR3 under Yukon University Policy, Guidelines, Procedures and Regulations.)
Prepaid Leave Plan. K.1 The number of nurses who may be absent at any one time under the prepaid leave program is one (1).
Prepaid Leave Plan. The purpose of the Prepaid Leave Plan is to afford employees the opportunity of taking a leave of absence for a period of up to one (1) year and through deferral of their salary, finance the leave.
Prepaid Leave Plan. The number of nurses that may be on prepaid leave at any one time shall not exceed one (1) per unit.
