Common use of FUNDED LEAVE POLICY Clause in Contracts

FUNDED LEAVE POLICY. Policy Subject to prior approval, indeterminate House of Commons staff may be eligible for Self-Funded Leave for up to one year. Purpose This will allow employees to fund a period of absence from their employment. Definition Self-Funded Leave is defined as a period of Leave Without Pay of not less than 6 consecutive months that is to commence immediately after a period not exceeding 6 years after the date on which the earnings deferrals for the leave of absence commence. Prior to the period of leave, the employee deposits monies with a recognized financial institution of the employee’s choice, which will serve to support the employee during the period of leave. With the exception of the House of Commons Conflict of Interest and Partisan Political Activities Guidelines, the Employer places no restrictions on the activities the employee wishes to pursue during the leave. A commitment from the employee to return to work for a period equal to the leave of absence granted is required. The employee’s position is guaranteed upon return from leave.

FUNDED LEAVE POLICY. Policy Subject to prior approval, indeterminate House of Commons staff may be eligible for Self-Funded Leave for up to one year. Purpose This will allow employees to fund a period of absence from their employment. Definition Self-Funded Leave is defined as a period of Leave Without Pay of not less than 6 consecutive months that is to commence immediately after a period not exceeding 6 years after the date on which the earnings deferrals for the leave of absence commence. Prior to the period of leave, the employee deposits monies with a recognized recognised financial institution of the employee’s choice, choice which will serve to support the employee during the period of leave. With the exception of the House of Commons Conflict of Interest and Partisan Political Activities Guidelines, the Employer places no restrictions on the activities the employee wishes to pursue during the leave. A commitment from the employee to return to work for a period equal to the leave of absence granted is required. The employee’s position is guaranteed upon return from leave.