Deferred Sample Clauses

Deferred. 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 Section
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Deferred. 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. 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 All benefits shall be kept whole during the deferral period of the plan. Full-Time Only Employees 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 the above, employees will not be eligible to participate in the disability income plan during the year of the leave.
Sample 1See All (9)
Deferred. The manner i n which the deferred salary i s held shall be at the discretion of the Hospital. The employee w i l l be made aware, i n advance of having to sign an formal agreement, of the manner of holding such deferred sa Interest which i s accumulated during each year of the deferral period shall be paid out t o the employee i n accordance with Part of the Income Tax section
Sample 1
Deferred interest accrues. No payments are due on purchases made under this promotion until the promotion’s expiry date. No interest is payable during the promotional period, however interest accrues from transaction posting date and the accrued interest will be charged to your Account if the promotional balance is not paid in full by the promotion’s expiry date. The AIR applicable to Regular Credit Purchases applies to the balance subject to the promotion for the duration of the promotional term. Payment protection premiums may be billed monthly even if you make a purchase on a deferred promotion.
Sample 1
Deferred. Employees on continuous appointment working twenty (20) hours a week or more shall receive deferred savings in the same as received by Permanent Full-Time Employees described in above. In addition an employee who becomes qualified to earn Superannuation shall, by that fact, also qualify to earn deferred savings. Schedule appended provides further information out deferred savings. Medical Insurance
Sample 1
Deferred. Employees on continuous appointment working twenty (20) hours a week or more shall receive deferred savings in the same as received by Permanent Full-Time Employees described in above. In addition an employee who becomes qualified to earn Superannuation shall, by that fact, also qualify to earn deferred savings. Schedule appended provides further information out deferred savings. Medical Insurance Services Plan The Board contributes sixty per cent (60%) of the Medical Services Plan of Permanent Permanent Term who elect to participate. The Board will pay its normal premium share or equivalent money for the employee, (as defined in Clause and dependent children, to a cost of the premium it would pay if the accepted same gender couple and dependent children coverage. The employee may be required to provide proof of coverage for partner an Health The Board sixty er (60%) of the premium of the H Health Benefits Plan including Eye and Hearing Aid options) for Permanent Permanent Term who elect to participate, to a maximum of with annual deductible, claimable over twenty-four (24) months, and co-insurance. he eyeglass option shall provide a maximum of one hundred and fifty ($150.00) payable, no deductible, no co-insurance. The hearing aid option will provide a lifetime maximum of five hundred dollars annual deductible, co-insurance, effective the first of the month following the signing of the collective agreement.
Sample 1
Deferred. COMPENSATION AGREEMENT THIS AGREEMENT made and entered into by and between Simxxxx Xxrst National Corporation ("Employer") and Marxx X. Xxxxxxx ("Employee"), WITNESSETH:
Sample 1
Deferred. Employees on continuous appointment working twenty (20) hours a week or more shall receive deferred savings in the same as received by Permanent Full-Time Employees described in above. In addition an employee who becomes qualified to earn Superannuation shall, by that fact, also qualify to earn deferred savings. Schedule appended provides further information out deferred savings. Medical Insurance
Sample 1

Related to Deferred

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

  • Deferred Compensation Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representative, on behalf of the Underwriters, the Deferred Discount. Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its Initial Business Combination within the time period prescribed in the Amended and Restated Certificate of Incorporation, the Deferred Discount will not be paid to the Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such liquidation distribution, the Underwriters will forfeit any rights or claims to the Deferred Discount.

  • 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.