Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years’ salary over a five
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four
Deferral Plan. The School District will contribute fifty percent (50%) of the teacher’s incentive pay into an account within a Special Pay Deferral Plan administered by a company selected by Education Minnesota - OSSEO and the School District.
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period. During the four (4) years of salary deferral, twenty per cent (20%) of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan.
Deferral Plan. 2 1.16 Distribution.............................................................................................2 1.17
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four years’ salary over a five year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four years’ salary over a five year schedule, during the four years of salary deferral, of the employee’s gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately, The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part of the Income Tax Regulations,,
Deferral Plan. During the four (4) years of salary deferral, twenty (20%) percent of the nurse's gross annual earnings will be deducted and held for the nurse and will not be accessible to her until the year of the leave or upon withdrawal from the plan. The manner in which the deferred is held shall be at the discretion of the Hospital. All deferred salary, plus interest, any, shall be paid to the nurse at the commencement of the leave or in accordance with such other schedule as may be agreed upon between the Hospital and the nurse.
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four (4) years’ salary over a five (5) year period, or three (3) years’ salary over a four (4) year period. In the case of the four (4) years’ salary over a five (5) year schedule during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee, or during the three (3) years of salary deferral, 25% of the employee’s gross annual earnings will be deducted and held for the employee. Such deferral salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.
Deferral Plan. The deferral portion of the plan shall involve an employee spreading four years’ salary over a five year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four years’ salary over a five year schedule, during the four years of salary deferral, of the employee’s gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately, Deferred The in which the cleferred salary is shall be at the discretion of the Hospital. The employee will be aware, in advance of having to sign formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part of the Income Tax Section Health and Welfare benefits shall be kept whole during the deferral period of the plan. Full-Time Only will be allowed to participate in health and welfare benefits plans during the year of the leave, but the full cost of such plans will be by the employees, Contributions to the Hospitals of Ontario Pension Plan will be in accordance with the Plan. Notwithstanding above, employees will not be eligible to participate in the disability income plan during the year of the leave.
