Company Criteria Clause Samples
Company Criteria. The following criteria will be used in determining which investment companies will be approved by the School District to receive matching 403(b) dollars:
(1) at least one other employee must be currently contributing to the company;
(2) at least 10 employees must agree to contribute to the company in order for a new company to be approved;
(3) the company must meet all Internal Revenue Service requirements as determined by the district; The School District will not endorse or recommend any particular company or provide any information relating to individual companies other than whether they are approved for matching dollars. A current list of approved companies will be maintained by the School District for employee review.
Company Criteria. The following criteria will be used in determining which investment companies will be approved by the district to receive matching 403(b) dollars:
(1) at least one other employee must be currently contributing to the company;
(2) at least 10 employees must agree to contribute to the company in order for a new company to be approved;
(3) the company must meet all Internal Revenue Service requirements as determined by the district; The school district will not endorse or recommend any particular company or provide any information relating to individual companies other than whether they are approved for matching dollars. A current list of approved companies will be maintained by the district for employee review.