Deferred Salary Leave Plan (Four Years over Five Plan Sample Clauses

Deferred Salary Leave Plan (Four Years over Five Plan. (a) Description - The plan affords an employee the opportunity of taking a one
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Deferred Salary Leave Plan (Four Years over Five Plan. (a) Description – The plan affords an employee the opportunity of taking a one (1) year leave of absence and, through the deferral of salary, finance the leave by spreading four (4) year’s salary payments over a continuous five (5) year period.
Sample 1

Related to Deferred Salary Leave Plan (Four Years over Five Plan

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

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