District Contribution is Automatic Clause Samples

The 'District Contribution is Automatic' clause establishes that the district's financial contribution to a project or agreement is triggered automatically, without the need for additional approvals or actions once certain conditions are met. In practice, this means that when predefined criteria—such as project milestones or funding requirements—are satisfied, the district's payment or resource allocation is released as stipulated. This clause ensures timely and predictable funding, reducing administrative delays and providing certainty to all parties involved.
District Contribution is Automatic. When an employee has an eligible CTT Plan or Retirement Saving Plan in effect, the District matching shall be automatic unless the employee requests otherwise.
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District Contribution is Automatic. When an employee has an eligible plan in effect, the District matching shall be automatic unless the employee requests otherwise.
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Related to District Contribution is Automatic

  • District Contribution Effective January 1, 2019:

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

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  • Please see the current Washtenaw Community College catalog for up-to-date program requirements Conditions & Requirements

  • What Forms of Distribution Are Available from a ▇▇▇▇▇▇▇▇▇ Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.