403(b) Payment Sample Clauses

403(b) Payment. The Board agrees to pay the monthly maintenance fee for each employee's 403(b) plan, currently approximately $3 per month. Should this fee increase dramatically, this section (11.17.2) shall be open for negotiation by demand of either party.
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403(b) Payment. As required by Chancellor’s current employment agreement, District shall pay into Chancellor’s 403b account, an amount equal to six percent (6%) of his salary at the salary rate in effect in January 2021. This payment shall be made within thirty (30) calendar days of board approval of this Agreement.
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403(b) Payment. As further compensation for services rendered for the term of this agreement, the Board shall provide a board-paid contribution to each employee’s 403(b) plan as follows. For the 2011-12 school year, the amount to be paid shall be one hundred dollars ($100). For the 2012-13 school year, the amount to be paid shall be two hundred dollars ($200). Employees must notify the district in writing of their preferred vendor by October 1st of each year or their payments for that year shall be forfeited. The contribution shall be paid, not later than March 1 in accordance with Board policy, to a company of the member’s choice. The member shall not have the option to receive the payment in cash. A teacher who is employed with an effective hire date after the first required work day of the school year, but before February 15, shall be entitled to an appropriately prorated 403(b) board-paid contribution. Teachers hired after September 15 and before February 15 must notify the district of their vendor choice within two weeks of their hire date or their prorated payments shall be forfeited.
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Related to 403(b) Payment

  • E-PAYMENT Contractor agrees to accept all payments in United States currency via the State of Mississippi’s electronic payment and remittance vehicle. The agency agrees to make payment in accordance with Mississippi law on “Timely Payments for Purchases by Public Bodies,” which generally provides for payment of undisputed amounts by the agency within forty-five (45) days of receipt of invoice. Mississippi Code Annotated § 31-7-301 et seq.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Withhold Payment In any case where a question of non- performance by Contractor arises, payment may be withheld in whole or in part at the discretion of the Commissioner. Should the amount withheld be finally paid, a cash discount originally offered may be taken as if no delay in payment had occurred.

  • Upfront Payment Upon the execution of this Agreement, the Lessee shall pay to the Lessor the following: (check one) ☐ - First Month’s Rent of: _ Dollars ($ _) ☐ - Last Month’s Rent of: ___ _ Dollars ($ _) ☐ - Security Deposit of: _ _ Dollars ($ _)

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

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