Deferred Salary Scheme definition

Deferred Salary Scheme means the agreed period the employee chooses to defer receipt of a percentage of their salary, in exchange for an extended period of leave.
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Examples of Deferred Salary Scheme in a sentence

  • Participation in the Deferred Salary Scheme will not impede an application for employment in a school covered by to this Agreement.

  • Where it is no longer possible to offer the Deferred Salary Scheme under legislative requirements, the scheme will cease with effect from that date.

  • Portability Teachers are able to maintain their participation in the Deferred Salary Scheme should they transfer their employment between schools covered by this Agreement.

  • Where it is no longer possible to offer the Deferred Salary Scheme, the Scheme will cease with effect from that date.

  • The teacher is obliged to notify the Principal prior to appointment of their participation in the Deferred Salary Scheme and the date that leave is due to be taken.

  • The Council and teachers may agree to participate in a Deferred Salary Scheme.

  • All permanent staff may participate in the Centre’s Deferred Salary Scheme.

  • A copy of the Class Ruling CR 2006/11 ‘Leave – Deferred Salary Scheme – employees of Lutheran Schools and Kindergartens in Western Australia’ may be obtained from the LESNW office on request.

  • A Deferred Salary Scheme is available to all eligible employees in accordance with the DAFF Deferred Salary EA Guidelines.

  • Portability Employees are able to maintain their participation in the Deferred Salary Scheme should they transfer their employment between schools covered by this Agreement.

Related to Deferred Salary Scheme

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.