Common use of Teacher Funded Leave Plan Clause in Contracts

Teacher Funded Leave Plan. (a) The Board agrees to make leaves of absence available to enable teachers to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years). Where a half year leave is requested, such request must be for the first half or the second half of a school year. Teacher funded leaves will be in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6) years. The leave period will be taken at the end of the salary deferral period.

Teacher Funded Leave Plan. (a) The Board agrees to make leaves of absence available to enable teachers to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years). Where a half year leave is requested, such request must be for the first half or the second half of a school year. Back To Index Teacher funded leaves will be in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6) years. The leave period will be taken at the end of the salary deferral period.