Common use of Deferred Amounts Clause in Contracts

Deferred Amounts. 17.8.8.1 The College unconditionally guarantees payment of the Deferred Amount. 17.8.8.2 The Deferred Amount shall be invested by the College. 17.8.8.3 The interest rate to be applied to the Deferred Amount is guaranteed to be the same rate as the College receives on short-term investments. 17.8.8.4 Payroll shall maintain an individual account for the Deferred Amount and accrued interest of each employee in the Plan.

Deferred Amounts. 17.8.8.1 17.3.8.1 The College unconditionally guarantees payment of the Deferred Amount. 17.8.8.2 17.3.8.2 The Deferred Amount shall be invested by the College. 17.8.8.3 17.3.8.3 The interest rate to be applied to the Deferred Amount is guaranteed to be the same rate as the College receives on short-term investments. 17.8.8.4 17.3.8.4 Payroll shall maintain an individual account for the Deferred Amount and accrued interest of each employee in the Plan.