Common use of Deferred Amounts Clause in Contracts

Deferred Amounts. 18.7.7.1 The Institute unconditionally guarantees payment of the Deferred Amount. 18.7.7.2 The Deferred Amount shall be invested by the Institute. 18.7.7.3 Deferred amounts will be invested in a savings account or flexible GIC account. Investments will be monitored by the committee set up to supervise the Deferred Salary leave Plan 18.7.7.4 Payroll shall maintain an individual account for the Deferred Amount and accrued interest of each employee in the Plan.

Deferred Amounts. 18.7.7.1 18.9.7.1 The Institute unconditionally guarantees payment of the Deferred Amount. 18.7.7.2 18.9.7.2 The Deferred Amount shall be invested by the Institute. 18.7.7.3 18.9.7.3 Deferred amounts will be invested in a savings account or flexible GIC account. Investments will be monitored by the committee set up to supervise the Deferred Salary leave Plan 18.7.7.4 18.9.7.4 Payroll shall maintain an individual account for the Deferred Amount and accrued interest of each employee in the Plan.