Deferred Leave. Deferred leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty (80%) level. Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following:
Deferred Leave. Members will have access to a deferred leave plan process established through Board policy.
Deferred Leave. (A) Deferred leave means a period of authorized leave without pay of between six (6) and twelve (12) consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of her/his salary deposited into a trust fund which will provide an income for the employee during the period of leave.
Deferred Leave. 30.1 The parties hereby agree that the employer may grant leave without pay for a period of up to one (1) year to each employee who has completed five (5) years of continuous employment within the bargaining unit. Furthermore, the employer may grant further periods of leave without pay of up to one (1) year after an employee has completed each additional four (4) years of continuous employment within the bargaining unit. The terms and conditions governing this leave shall be as follows:
Deferred Leave. (a) In accordance with the Income Tax Act, the employer shall, at the request of an employee, deposit whatever allowable portion of an employee's earned gross salary that is requested by the employee and which does not exceed 100% of salary, into a bank or trust account of the employee's choosing in order to enable the employee to take a deferred leave without pay.
Deferred Leave. In any twelve-month period, an employee may opt, in writing to defer two percent (2.0%) of their pay during the year. Such pay will be held in trust by the employer and banked against further use by the employee. Once the employee has accumulated the equivalent of one week’s regular pay (2.0% of annual earnings), the employee may, subject to operational requirements, schedule one week’s leave of absence. Pay during the week’s leave of absence shall be at the rate banked, not at the employee’s current wage rate. Employees cannot bank more than one week of pay at any time. No more than ten (10) employees can participate in a calendar year. The number of approved participants per AFCS program or worksite are subject to operational requirements.
Deferred Leave. The parties hereby agree that the Employer may grant leave without pay for a period of up to one
Deferred Leave. Deferred leave means a period of authorized leave without pay of between six and twelve consecutive months duration where an employee has requested such leave in advance and at that time makes an arrangement to have a percentage of his/her salary deposited into a trust fund which will provide an income for the employee during the period of leave. At the request of an employee, the salary for a four (4) year period shall be paid over five (5) years at the rate of eighty per cent (80%) per year allowing one (1) year off in the five (5) year period during which the employee would be paid at eighty (80%) level. Provision shall be made for varying percentages and time periods. Subject to operational requirements and at no additional cost to the Employer, an employee may be granted a deferred leave in accordance with the following: a) Application, (i) an application for such leave shall be in writing; (ii) the reply shall be given to an employee not later than thirty (30) days after the date of the application being submitted. Such leave shall not be unreasonably withheld. b)
Deferred Leave. The Salary Leave Plan has been developed to afford staff covered by this agreement the opportunity of taking a one (1) year or a six (6) month leave of absence and through of salary, finance the leave.
Deferred Leave. The Board shall maintain a Deferred Salary Leave Plan with any amendment subject to agreement by a committee made up of Local members and Board members, and contingent on Revenue Canada Regulations.
