Amount of Payment During leave Sample Clauses

Amount of Payment During leave. 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 to be paid by the Board for or on behalf of the participant. The participant shall not receive any salary from the Board during the leave other than the deferred compensation amount.
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Amount of Payment During leave. The salary to be paid to a Participant during a Leave of Absence shall be related to the monies retained by the School Division in accordance with clause 3.1 for such Participants, but less any deductions made by the School Division under clause 5.1 and any monies required by law to be paid by the School Division for or on behalf of a Participant. During the period of leave, a Participant may not receive any salary or wages from the School Division or any other person or partnership with whom the School Division does not deal at arm's length except as provided in clause 6801(a) (iii) (A) or (B) of the Regulations.
Sample 1
Amount of Payment During leave. 4.3. The salary to be paid to a Participant during a Leave of Absence shall be related to the monies retained by the Employer in accordance with clause 3.1 for such Participants, but less any deductions made by the Employer under clause 5.1 and any monies required by law to be paid by the Employer for or on behalf of a Participant. During the period of leave, a Participant may not receive any salary or wages from the Employer or any other person or partnership with whom the Employer does not deal at arm's length except as provided in Section 6801(a)(iii)(A) or (B) of the Regulations. Employer's Right to Defer Leave
Sample 1

Related to Amount of Payment During leave

  • Amount of Payment The “Early Termination Payment” payable to a Member pursuant to Section 4.3(a) shall equal the present value, discounted at the Early Termination Rate as determined as of the Early Termination Reference Date, of all Tax Benefit Payments that would be required to be paid by the Corporation to such Member, whether payable with respect to Units that were Exchanged prior to the Early Termination Effective Date or on or after the Early Termination Effective Date, beginning from the Early Termination Effective Date and using the Valuation Assumptions. For the avoidance of doubt, an Early Termination Payment shall be made to each Member, regardless of whether such Member has Exchanged all of its Units as of the Early Termination Effective Date.

  • Benefits During Leave Employees are encouraged to contact the Employer’s Benefits Office (phone # 000-000-0000, xxxxxxxx@xx.xxx) prior to any leave without pay to understand impact on benefits and learn about other points to consider.

  • Holiday During Leave Should an employee be on authorized paid leave when a holiday occurs, such holiday shall not be charged against such leave or vacation.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

  • Accrual During Leave Without Pay No employee who has been granted a leave without pay or unpaid military leave shall accrue any vacation credit during the time of such leave, nor shall an employee who is absent without pay accrue vacation credit during the absence.

  • Employment During Unpaid Maternity Leave (a) Special Temporary Employment

  • Sick Leave During Leave of Absence (F/T) When an Employee is given leave of absence without pay for any reason, or is laid off on account of lack of work, he/she shall not continue to accumulate sick leave and shall not be entitled to receive pay for sickness for the period of such absence, but shall retain his/her cumulative credit, if any, existing at the time of such leave or lay-off.

  • Amount of Leave An employee may be granted paid leave to attend defence forces reserves training programs or courses on the following basis: Service Annual Training School, class or course of instruction Navy 13 calendar days 13 calendar days Army 14 calendar days 14 calendar days Air Force 16 calendar days 16 calendar days

  • Amount of Paid Personal Leave (i) Paid personal leave is available to an employee, when they are absent:

  • Approved Leave of Absence With Pay During Vacation When an employee is qualified for bereavement leave, sick leave or any other approved leave with pay during her vacation period, there shall be no deduction from the vacation credits for such leave. In the case of sick leave, this section shall only apply when the period of illness or injury is in excess of two (2) days and a note from a physician may be required. The period of vacation so displaced shall be taken at a mutually agreed time. An employee intending to claim displaced vacation leave must advise the Employer and provide necessary documentation within seven (7) days of returning to work.

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