Common use of Statutory Deductions Clause in Contracts

Statutory Deductions. (a) Pension deductions are to be continued as provided by the current ruling of the Teacher's Pension Plan Board during the terms of the teacher's participation in the above leave plan. (b) Subject to the approval of the Teacher's Pension Board a teacher may, on return from the leave, make payment to the Teacher's Pension Board on the difference, if any, between the amount received in the term of absence and the amount which would represent 100% of the salary for the term of the absence. (c) Income tax shall be deducted on the amounts received by the teacher during each year of the Plan in accordance with the income tax regulations in effect at that time. Canada Pension and E.I. deductions and credits shall similarly be determined by the regulations in effect at that time. (a) Except by mutual consent, an election to participate in the Plan shall be irrevocable, provided however, that a teacher may withdraw from the Plan prior to March 1st of the calendar year in which the leave is to be taken. Repayment shall be as provided in 28.06(b) hereof. (b) In the event that a suitable replacement cannot be hired for a teacher who has been granted a leave, the Board may defer the year of the leave by notifying the teacher prior to March 1st. In the event of such deferral, the teacher may choose to remain in the Plan or receive repayment as provided in 28.06(b) as aforesaid. (c) Should any such deferral result in a leave of absence being taken past the final year of the Plan, any monies accumulated at the expiry date of the Plan shall continue to accumulate interest as provided in 28.04(c) hereof, until the leave of absence is granted, and subject to the one year maximum deferral limitation set out in 28.08(b) as aforesaid. (d) In the event of a teacher's death while participating in the Plan, any monies accumulated, plus interest accrued [see 28.04(c)] at the time of death shall be paid to the teacher's estate or a beneficiary as designated by the teacher. In the event that the teacher has not made such a designation, the monies accumulated shall be paid to the teacher's estate.

Statutory Deductions. (a) Teacher Pension Plan deductions are to be continued as provided by the current ruling of the Teacher's Teacher Pension Plan Board during the terms of the teacher's participation in the above leave plan. (b) Subject to the approval of the Teacher's Teacher Pension Plan Board a teacher may, on return from the leave, make payment to the Teacher's Teacher Pension Plan Board on the difference, if any, between the amount received in the term of absence and the amount which would represent 100% of the salary for the term of the absence. (c) Income tax shall be deducted on the amounts received by the teacher during each year of the Plan in accordance with the income tax regulations in effect at that time. Canada Pension and E.I. U.I.C. deductions and credits shall similarly be determined by the regulations in effect at that time. (a) Except by mutual consent, an election to participate in the Plan shall be irrevocable, provided however, that a teacher may withdraw from the Plan prior to March 1st of the calendar year in which the leave is to be taken. Repayment shall be as provided in Article 28.06(b) hereof. (b) In the event that a suitable replacement cannot be hired for a teacher who has been granted a leave, the Board may defer the year of the leave by notifying the teacher prior to March 1st. In the event of such deferral, the teacher may choose to remain in the Plan or receive repayment as provided in Article 28.06(b) as aforesaid. (c) Should any such deferral result in a leave of absence being taken past the final year of the Plan, any monies accumulated at the expiry date of the Plan shall continue to accumulate interest as provided in Article 28.04(c) hereof, until the leave of absence is granted, and subject to the one year maximum deferral limitation set out in 28.08(b) as aforesaid. (d) In the event of a teacher's death while participating in the Plan, any monies accumulated, plus interest accrued [see Article 28.04(c)] at the time of death shall be paid to the teacher's estate or a beneficiary as designated by the teacher. In the event that the teacher has not made such a designation, the monies accumulated shall be paid to the teacher's estate.

Statutory Deductions. (a) Pension Superannuation deductions are to be continued as provided by the current ruling of the Teacher's Pension Plan Board Superannuation Commission during the terms of the teacher's participation in the above leave plan. (b) Subject to the approval of the Teacher's Pension Board Superannuation Commission a teacher may, on return from the leave, make payment to the Teacher's Pension Board Superannuation Commission on the difference, if any, between the amount received in the term of absence and the amount which would represent 100% of the salary for the term of the absence. (c) Income tax shall be deducted on the amounts received by the teacher during each year of the Plan in accordance with the income tax regulations in effect at that time. Canada Pension and E.I. U.I.C. deductions and credits shall similarly be determined by the regulations in effect at that time. (a) Except by mutual consent, an election to participate in the Plan shall be irrevocable, provided however, that a teacher may withdraw from the Plan prior to March 1st of the calendar year in which the leave is to be taken. Repayment shall be as provided in Clause 28.06(b) hereof. (b) In the event that a suitable replacement cannot be hired for a teacher who has been granted a leave, the Board may defer the year of the leave by notifying the teacher prior to March 1st. In the event of such deferral, the teacher may choose to remain in the Plan or receive repayment as provided in Clause 28.06(b) as aforesaid. (c) Should any such deferral result in a leave of absence being taken past the final year of the Plan, any monies accumulated at the expiry date of the Plan shall continue to accumulate interest as provided in Clause 28.04(c) hereof, until the leave of absence is granted, and subject to the one year maximum deferral limitation set out in 28.08(b) as aforesaid. (d) In the event of a teacher's death while participating in the Plan, any monies accumulated, plus interest accrued [see Clause 28.04(c)] at the time of death shall be paid to the teacher's estate or a beneficiary as designated by the teacher. In the event that the teacher has not made such a designation, the monies accumulated shall be paid to the teacher's estate.

Statutory Deductions. (a) Teacher Pension Plan deductions are to be continued as provided by the current ruling of the Teacher's Teacher Pension Plan Board during the terms of the teacher's participation in the above leave plan. (b) Subject to the approval of the Teacher's Teacher Pension Plan Board a teacher may, on return from the leave, make payment to the Teacher's Teacher Pension Plan Board on the difference, if any, between the amount received in the term of absence and the amount which would represent 100% of the salary for the term of the absence. (c) Income tax shall be deducted on the amounts received by the teacher during each year of the Plan in accordance with the income tax regulations in effect at that time. Canada Pension and E.I. U.I.C. deductions and credits shall similarly be determined by the regulations in effect at that time. (a) Except by mutual consent, an election to participate in the Plan shall be irrevocable, provided however, that a teacher may withdraw from the Plan prior to March 1st of the calendar year in which the leave is to be taken. Repayment shall be as provided in Clause 28.06(b) hereof. (b) In the event that a suitable replacement cannot be hired for a teacher who has been granted a leave, the Board may defer the year of the leave by notifying the teacher prior to March 1st. In the event of such deferral, the teacher may choose to remain in the Plan or receive repayment as provided in Clause 28.06(b) as aforesaid. (c) Should any such deferral result in a leave of absence being taken past the final year of the Plan, any monies accumulated at the expiry date of the Plan shall continue to accumulate interest as provided in Clause 28.04(c) hereof, until the leave of absence is granted, and subject to the one year maximum deferral limitation set out in 28.08(b) as aforesaid. (d) In the event of a teacher's death while participating in the Plan, any monies accumulated, plus interest accrued [see Clause 28.04(c)] at the time of death shall be paid to the teacher's estate or a beneficiary as designated by the teacher. In the event that the teacher has not made such a designation, the monies accumulated shall be paid to the teacher's estate.