Common use of Annuities and Deferred Compensation Clause in Contracts

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 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 Assistant Principal 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 Assistant Principal 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 A.1 of this Contractcontract, the Assistant Principal Administrator 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 Administrator confirms that any such deferrals and/or reductions are within Internal Revenue Code limitations.