BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS Sample Clauses

BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. A. For purposes of this Article, total annual salary per pay period for each bargaining unit member shall be the salary otherwise payable under this Agreement and applicable Board policies. The total annual salary and salary per pay period of each member shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A member's deferred salary shall be equal to that percentage of said member's total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System ("STRS") to be paid as a member contribution by said member and shall be paid by the Board to STRS on behalf of said member as a "pickup" of the STRS member contribution otherwise payable by said member.
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BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. A. For purpose of this section, the total annual salary per pay period for each bargaining unit member shall be the salary otherwise payable under this agreement and their contracts. The total annual salary and salary per pay period of each bargaining unit member shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A bargaining unit member's deferred salary shall be equal to that percentage of said bargaining unit member's total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) to be paid as a bargaining unit member contribution by said member and shall be paid by the Board to STRS on behalf of said members as follows: Pickup on Pickup Salary Reduction (Assume & Paid by Board) 2016-17 3% Balance of Member's Contribution and to continue thereafter
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BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. 23.1 For purposes of this section, total annual salary and salary per pay period for each teacher shall be the salary otherwise payable under this Agreement and his/her contract. The total annual salary and salary per pay period of each teacher shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A teacher’s deferred salary shall be equal to that percentage of said teacher’s total annual salary or salary per pay period which is required from time to time by State Teachers Retirement System (STRS) to be paid as an employee contribution by said teacher and shall be paid by the Board to STRS on behalf of said teacher as a “pickup” of the STRS employee contribution otherwise payable by said teacher. A teacher’s cash salary shall be equal to said teacher’s total annual salary or salary per pay period less the amount of the pickup for said teacher and shall be payable, subject to the applicable payroll deductions, to said teacher.
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BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. A. The Board shall assume and pay, or pick up, the mandatory employee contributions to STRS required for all STRS participants, subject to the provisions of this section, in lieu of payment of those contributions by said members.
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Related to BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS

  • Employee Contributions (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • CONTRIBUTIONS TO COMPANY WEBSITE XxxxxxxXxx.xxx may provide an area for our user and members to contribute feedback to our website. When you submit ideas, documents, suggestions and/or proposals ("Contributions") to our site, you acknowledge and agree that:

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

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