Common use of Conversion of Sick Leave to Deferred Compensation Clause in Contracts

Conversion of Sick Leave to Deferred Compensation. Employees may choose to contribute part of their accumulated sick leave to deferred compensation. Per IRS regulations, converted sick leave may only be used to fund “catch up” contributions to deferred compensation, therefore, an employee must first contribute the maximum to their respective deferred compensation account before they are permitted to use their sick leave to make “catch up” contributions. The following restrictions apply to this program:

Conversion of Sick Leave to Deferred Compensation. Employees may choose elect to contribute part of their convert accumulated sick leave to deferred compensation. Per IRS regulations, converted sick leave The extra pay may only be used to fund IRS designated “catch catch-up” contributions (which may include the pre-retirement catch-up or age 50 catch-up) to deferred compensation, therefore, an employee must first contribute the maximum to their respective deferred compensation account before they are permitted to use their sick leave to make “catch up” contributions. The following restrictions apply to this program:

Conversion of Sick Leave to Deferred Compensation. Employees may choose to contribute part of their accumulated sick leave to deferred compensation. Per IRS regulations, converted The contributed sick leave may only be used to fund “catch up” contributions to deferred compensation, therefore, an employee must first contribute the maximum to their respective deferred compensation account before they are permitted to use their sick leave to make “catch up” contributions. The following restrictions apply to this program:

Conversion of Sick Leave to Deferred Compensation. Employees may choose to contribute part of their accumulated sick leave to deferred compensation. Per IRS regulations, The converted sick leave may only be used to fund “catch up” contributions to deferred compensation, therefore, an employee must first contribute the maximum to their respective deferred compensation account before they are permitted to use their sick leave to make “catch up” contributions. The following restrictions apply to this program:

Conversion of Sick Leave to Deferred Compensation. Employees may choose to contribute part of their accumulated sick leave to deferred compensation. Per IRS regulations, The converted sick leave may only be used to fund “catch up” contributions to deferred compensation, therefore, an employee must first contribute the maximum to their respective deferred compensation account before they are permitted to use their sick leave to make “catch up” contributions. The following restrictions apply to this program:

Conversion of Sick Leave to Deferred Compensation. Employees EmployeesPolice personnel may choose elect to contribute part of their convert accumulated sick leave to deferred compensationcompensationsalary. Per IRS regulations, converted sick leave The extra pay may only be used to fund “catch catch-up” contributions to deferred compensation, therefore, an employee must first contribute the maximum to their respective deferred compensation account before they are permitted to use their sick leave to make “catch up” contributions. The following restrictions apply to this program:

Conversion of Sick Leave to Deferred Compensation. Employees may choose elect to contribute part of their convert accumulated sick leave to deferred compensation. Per IRS regulations, converted sick leave The extra pay may only be used to fund “catch catch-up” contributions to deferred compensation, therefore, an employee must first contribute the maximum to their respective deferred compensation account before they are permitted to use their sick leave to make “catch up” contributions. The following restrictions apply to this program: