Annuities and Deferred Compensation. From the annual salary stated in paragraph A.1 of this Contract, the Assistant Principal may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible deferred compensation plan as described in Section 457(b) of the Internal Revenue Code if adopted by the Board, and/or (2) authorize a salary reduction pursuant to and in accordance with Section 403(b) of the Internal Revenue Code and the terms of the Board’s 403(b) Plan if offered, and provided that the Assistant Principal confirms that any such deferrals and/or reductions are within Internal Revenue Code limitations.
Annuities and Deferred Compensation. From the annual salary stated in paragraph A.1. of this Contract, the Athletic Director may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible deferred compensation plan, as described in Section 457(b) of the Internal Revenue Code if adopted by the Board, and/or (2) authorize a salary reduction in order that the Board may purchase a 403(b) eligible product for the Athletic Director as described in Section 403(b) of the Internal Revenue Code, in accordance with the Board’s 403(b) Plan if offered, and provided that the Athletic Director confirms that any such deferrals and/or reductions are within Internal Revenue Code limitations.
Annuities and Deferred Compensation. From the annual salary stated in Paragraph 5 of this Contract, the Superintendent may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible deferred compensation plan as described in Section 457(b) of the Internal Revenue Code if adopted by the Board and/or (2) authorize a salary reduction in order that the Board may purchase a 403(b) eligible product for the Superintendent as described in Section 403(b) of the Internal Revenue Code, in accordance with the Board's 403(b) Plan, if offered, and provided that the Superintendent confirms that any such deferrals and reductions are within Internal Revenue Code limitations.
Annuities and Deferred Compensation. The Executive Director may (1) authorize a salary reduction pursuant to and in accordance with the terms of the Board’s 403(b) Plan/Program, in order that the Board may purchase a 403(b) eligible product for the Executive Director as described in Section 403(b) of the Internal Revenue Code and/or (2) annually defer compensation pursuant to and in accordance with the terms of the Board’s eligible deferred compensation plan as described in Section 457(b) of the Internal Revenue Code, if offered, provided that the Executive Director confirms that any such deferrals or reductions are within Internal Revenue Code limitations.
Annuities and Deferred Compensation. From the annual salary stated in paragraph A. 1 of this Contract, the Superintendent may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible state deferred compensation plan as described in Section 457 of the Internal Revenue Code if adopted by the Board, or (2) authorize a salary reduction in order that the Board may purchase an annuity policy for the Superintendent as described in Section 403(b) of the Internal Revenue Code, provided that any amounts deferred shall not exceed the maximum permitted by the Internal Revenue Code.
Annuities and Deferred Compensation. From the annual salary stated in paragraph A.1 of this Contract, the Assistant Principal may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible deferred compensation plan as described in Section 457(b) of the Internal Revenue Code if adopted by the Board, and/or (2) authorize a salary reduction pursuant to and in accordance with Section 403(b) of the Internal Revenue Code and the terms of the Board’s 403(b) Plan if offered, and provided that the DocuSign Envelope ID: F5B6A628-A6A7-4C66-9A28-53A88860591C Assistant Principal confirms that any such deferrals and/or reductions are within Internal Revenue Code limitations.
Annuities and Deferred Compensation. From the annual salary stated in paragraph A.1 of this Contract, the Superintendent may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible deferred compensation plan as described in Section 457(b) of the Internal Revenue Code if adopted by the Board and/or (2) authorize a salary reduction in order that the Board may purchase a 403(b) eligible product for the Superintendent as described in Section 403(b) of the Internal Revenue Code, in accordance with the Board's 403(b) Plan, if offered, and provided that the Superintendent confirms that any such deferrals and reductions are within Internal Revenue Code limitations. In addition, the Board shall make an annual non-electiveemployer contribution to the Section 403(b) annuity in the amount of Six Thousand Dollars ($6,000.00) payable as a one time lump sum no later than July 15 of each contract year. Both parties acknowledge that the Superintendent did not have the option of choosing to receive any of the 403(b) contribution directly or in cash.
Annuities and Deferred Compensation. From the annual salary stated in paragraph A.1 of this Contract, the Director may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible deferred compensation plan as described in Section 457(b) of the Internal Revenue Code if adopted by the Board, and/or (2) authorize a salary reduction pursuant to and in accordance with Section 403(b) of the Internal Revenue Code and the terms of the Board’s 403(b) Plan if offered, and provided that the Director confirms that any such deferrals and/or reductions are within Internal Revenue Code limitations. DocuSign Envelope ID: 807BAE44-8690-4A71-BC5E-71CCC8B6A781
Annuities and Deferred Compensation. From the annual salary stated in paragraph A.1 of this Contract, the Superintendent may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible state deferred compensation plan as described in Section 457 of the Internal Revenue Code if adopted by the Board, or (2) authorize a salary reduction in order that the Board may purchase an annuity product for the Superintendent as described in Section 403(b) of the Internal Revenue Code and in the District’s 403(b) Plan, provided that the Superintendent confirms that any such deferrals or reductions for purchase of annuities are within Internal Revenue Code limitations.
Annuities and Deferred Compensation. From the annual salary stated in paragraph A.1 of this Contract, the Director/CSBO may (1) annually defer compensation pursuant to and in accordance with the terms of an eligible deferred compensation plan as described in Section 457(b) of the Internal Revenue Code if adopted by the Board, and/or (2) authorize a salary reduction pursuant to and in accordance with Section 403(b) of the Internal Revenue Code and the terms of the Board’s 403(b) Plan if offered, and provided that the Director/CSBO confirms that any such deferrals and/or reductions are within Internal Revenue Code limitations. Nothing herein limits the Director/XXXX’s ability to participate in the TRS Supplementary Savings Plan (457(b) plan) at his/her own expense.
