Common use of Deferred Clause in Contracts

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

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 any formal agreement, . of the manner of holding such deferred sa salary. Interest which i s accumulated during each year of the deferral period shall be paid out t o to the employee i n accordance with Part part of the Income Tax sectionSection