Common use of 401(a) Plan Clause in Contracts

401(a) Plan. The School Corporation has established a qualified retirement plan as described in section 401(a) of the Code (the “401(a) Plan”) for administrators employed by the Northern Community Schools prior to December 31, 2003. The total sum of the amount calculated by XxXxxxxx Xxxxx as the present value for the retirement severance benefits contained in the 2003- 2004 previous contract shall then be contributed by the School Corporation to the 401(a)

401(a) Plan. The School Corporation has established shall establish a qualified retirement plan as described in section 401(a) of or the Code (the “401(a401 (a) Plan”) for administrators teachers employed by the Northern Community Schools North White School Corporation prior to December 31September 1, 2003. The total sum of the amount calculated by XxXxxxxx Xxxxx FSC as the present value for the retirement severance benefits contained in the 2003- 2004 previous contract Prior Agreement shall then be contributed by the School Corporation to the 401(a)