Common use of Deferred Leave Clause in Contracts

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.