Salary Formula. The leave will be financed by spreading “n” years salary payments over an “n” plus one period. “n” is not to exceed four (4) years. The leave of absence must be taken in the final year of the Plan. A maximum deferral under the Income Tax Act in any given year is 33⅓%.
Appears in 2 contracts
Samples: Collective Agreement, sp.ltc.gov.on.ca
Salary Formula. The leave will be financed by spreading “n” years salary payments over an “n” plus one period. “n” is not to exceed four (4) years. The leave of absence must be taken in the final year of the Plan. A maximum deferral under the Income Tax Act in any given year is 33⅓%.33⅓.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Salary Formula. The leave will be financed by spreading “n” years salary payments over an “n” plus one period. “n” is not to exceed four (4) years. The leave of absence must be taken in the final year of the Plan. A maximum deferral under the Income Tax Act in any given year is 33⅓%33⅓ .
Appears in 1 contract
Samples: Collective Agreement
