Common use of Deferred Compensation – Program Modification Clause in Contracts

Deferred Compensation – Program Modification. Nothing in this Memorandum renders the County liable to the Union or any employee for a discontinuance of Internal Revenue Service or Franchise Tax Board approval of any County deferred compensation plan or portion of the plan, or the employee becoming ineligible by law or the rules of the plan, to participate in the deferred compensation program(s).

Deferred Compensation – Program Modification. Nothing in this Memorandum herein renders the County liable to the Union or any employee for a discontinuance of Internal Revenue Service or Franchise Tax Board approval of any County deferred compensation plan or portion of the planthereof, or the employee becoming ineligible by law or the rules of the plan, to participate in the deferred compensation program(s).

Deferred Compensation – Program Modification. ‌ Nothing in this Memorandum herein renders the County liable to the Union or any employee for a discontinuance of Internal Revenue Service or Franchise Tax Board approval of any County deferred compensation plan or portion of the planthereof, or the employee becoming ineligible by law or the rules of the plan, to participate in the deferred compensation program(s).

Deferred Compensation – Program Modification. ‌ Nothing in this Memorandum herein renders the County liable to the Union Council or any employee for a discontinuance of Internal Revenue Service or Franchise Tax Board approval of any County deferred compensation Deferred Compensation plan or portion of the planthereof, or the employee becoming ineligible by law or the rules of the plan, to participate in the deferred compensation Deferred Compensation program(s).

Deferred Compensation – Program Modification. Nothing in this Memorandum herein renders the County liable to the Union Council or any employee for a discontinuance of Internal Revenue Service or Franchise Tax Board approval of any County deferred compensation Deferred Compensation plan or portion of the planthereof, or the employee becoming ineligible by law or the rules of the plan, to participate in the deferred compensation Deferred Compensation program(s).