Deferred Leave Sample Clauses

Deferred Leave. The Deferred Salary Leave Plan has been developed to afford staff covered by this Agreement the opportunity of taking a one (I) year or a six (6) month leave of absence and through deferral of salary, finance the leave.

Deferred Leave. In any twelve-month period, an employee may opt, in writing to defer two percent (2.0%) of their pay during the year. Such pay will be held in trust by the employer and banked against further use by the employee. Once the employee has accumulated the equivalent of one week’s regular pay (2.0% of annual earnings), the employee may, subject to operational requirements, schedule one week’s leave of absence. Pay during the week’s leave of absence shall be at the rate banked, not at the employee’s current wage rate. Employees cannot bank more than one week of pay at any time. No more than ten (10) employees can participate in a calendar year. The number of approved participants per AFCS program or worksite are subject to operational requirements.

Deferred Leave. The parties hereby agree that the Employer may grant leave without pay for a period of up to one

Deferred Leave. Deferred leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty (80%) level. Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following: a) Application, (i) an application for such leave shall be in writing; (ii) the reply shall be given to an employee not later than thirty (30) days after the date of the application being submitted. Such leave shall not be unreasonably withheld.

Deferred Leave. (a) In accordance with the Income Tax Act, the employer shall, at the request of an employee, deposit whatever allowable portion of an employee's earned gross salary that is requested by the employee and which does not exceed 100% of salary, into a bank or trust account of the employee's choosing in order to enable the employee to take a deferred leave without pay. (b) An employee who wishes to take advantage of a deferred leave shall notify the employer of the length of leave desired and the time period within which the employee is planning to take the leave, as early as possible. The employer shall make every reasonable effort to provide the deferred leave for such length and at such time as the employee chooses. (c) Leave without pay as identified in (b) above shall be granted by the employer once in a six (6) year period. (d) Leave granted under this clause shall be deducted from the calculation of "continuous employment" for the purpose of calculation of severance pay and "service" for the purposes of calculating vacation leave for the employee involved, except where the period of such leave is less than three (3) months. Time spent on such leave which is for a period of more than three (3) months shall not be counted for pay increment purposes.

Deferred Leave. (A) Deferred leave means a period of authorized leave without pay of between six (6) and twelve (12) consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of her/his salary deposited into a trust fund which will provide an income for the employee during the period of leave. (B) At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty percent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty (80%) level. Provision shall be made for varying percentages and time periods. (C) Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following:

Deferred Leave. Members will have access to a deferred leave plan process established through Board policy.

Deferred Leave. 1. a) Leaves granted under this Plan shall commence on September 1st of the third, fourth, fifth or sixth year and end on August 31st of the following calendar year, depending upon the option chosen.

Deferred Leave. Deferred leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four year period shall be paid over five (5) years at the rate of percent (80%) per year allowing one year off in the five (5) year period during which the employee would be paid at eighty (80%) level, Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following: