Deferred Salary Leave Program. The employer agrees to introduce a pre-paid leave program, funded solely by the employees, subject to the following terms and conditions: a) The plan is available to employees wishing to spread four (4) years’ salary over a five (5) year period, in accordance with Part LXVIII of the Income Tax Regulations, Section 6801, to enable them to take a one (1) year leave of absence following the four (4) years of salary deferral. b) The employee must make written application to the Employer or Supervisor at least six
Appears in 1 contract
Sources: Collective Agreement
Deferred Salary Leave Program. The employer agrees to introduce a pre-paid leave program, funded solely by the employees, subject to the following terms and conditions:
a) The plan is available to employees wishing to spread four (4) years’ salary over a five (5) year period, in accordance with Part LXVIII of the Income Tax Regulations, Section 6801, to enable them to take a one (1) year leave of absence following the four (4) years of salary deferral.
b) The employee must make written application to the Employer or Supervisor at least six
Appears in 1 contract
Sources: Collective Agreement