Common use of Deferred Compensation Contribution Clause in Contracts

Deferred Compensation Contribution. The Courts may maintain a Section 457 Deferred Compensation Plan. The allowable contribution shall be the maximum allowed by the Internal Revenue Code. The Courts, at its sole discretion will have the right at any time during the period covered by this agreement to develop charges necessary for the administration of the plan or plans, and implement said charges for active and inactive participants, to be paid by active and inactive participants. In any case, the charge will not exceed the actual cost to the Courts for administration of the plan or plans as computed by the Court under standard accounting practices for cost allocation purposes. Before implementing a payroll deduction charge, the Courts will make every effort to negotiate with the plan vendors and/or third party administrator(s) to recoup the Courts cost from their management fees.

Deferred Compensation Contribution. The Courts Court may maintain a Section 457 Deferred Compensation Plan. The allowable contribution shall be the maximum allowed by the Internal Revenue Code. The Courts, at its sole discretion will have the right at any time during the period covered by this agreement to develop charges necessary for the administration of the plan or plans, and implement said charges for active and inactive participants, to be paid by active and inactive participants. In any case, the charge will not exceed the actual cost to the Courts Court for administration of the plan or plans as computed by the Court under standard accounting practices for cost allocation purposes. Before implementing a payroll deduction charge, the Courts Court will make every effort to negotiate with the plan vendors and/or third third-party administrator(s) to recoup the Courts Court cost from their management fees.

Deferred Compensation Contribution. The Courts Court may maintain a Section 457 Deferred Compensation Plan. The allowable contribution shall be the maximum allowed by the Internal Revenue Code. The Courts, at its sole discretion will have the right at any time during the period covered by this agreement to develop charges necessary for the administration of the plan or plans, and implement said charges for active and inactive participants, to be paid by active and inactive participants. In any case, the charge will not exceed the actual cost to the Courts Court for administration of the plan or plans as computed by the Court under standard accounting practices for cost allocation purposes. Before implementing a payroll deduction charge, the Courts Court will make every effort to negotiate with the plan vendors and/or third party administrator(s) to recoup the Courts Court cost from their management fees.