Common use of Deferred Compensation – District Matching Program Clause in Contracts

Deferred Compensation – District Matching Program. Eligible registered nurses regularly employed for thirty (30) hours or more per week in a regularly scheduled position shall be eligible for a District match according to the following schedule: Years of Service Maximum Matching contribution Beginning year 1 through 3 = not eligible Beginning year 4 through 9 = up to $400 Beginning year 10 through 19 = up to $600 Beginning year 20+ = up to $800 Subd. 1. Eligible registered nurses must notify the payroll office, in writing, of his/her intention to participate in the District’s matching program and the amount of the employee’s contribution. This notice shall continue from year to year at the specified amount unless the employee notifies the payroll office in writing of any change. Eligible registered nurses may elect to participate in the District’s matching program at the time of open enrollment (for the following contract year) or at any time during the eligible contract year.

Deferred Compensation – District Matching Program. Eligible registered nurses regularly employed for thirty (30) hours or more per week in a regularly scheduled position shall be eligible for a District match according to the following schedule: Years of Service Maximum Matching contribution Beginning year 1 through 3 = not eligible Beginning year 4 through 9 = up to $400 Beginning year 10 through 19 = up to $600 Beginning year 20+ = up to $800 Subd. 1. Eligible Xxxxxxxx registered nurses must notify the payroll office, in writing, of his/her intention to participate in the District’s matching program and the amount of the employee’s contribution. This notice shall continue from year to year at the specified amount unless the employee notifies the payroll office in writing of any change. Eligible Xxxxxxxx registered nurses may elect to participate in the District’s matching program at the time of open enrollment (for the following contract year) or at any time during the eligible contract year.