Common use of Employees Deferred Compensation Program Clause in Contracts

Employees Deferred Compensation Program. The employer shall make a matching contribution of 9% of the employee’s contribution to the employees deferred compensation program. An employee may elect to have compensation from the sale of unused vacation, compensatory time and/or sick leave rolled into their deferred compensation account, per Section 13.1 H. and Section 14.2 B. It is understood the nine percent (9%) matching does not apply to this transaction. All rules, requirements, and conditions of deferred compensation accounts shall apply.

Employees Deferred Compensation Program. The employer shall make a matching contribution of 9% of the employee’s contribution to the employees deferred compensation program. An employee may elect to have compensation from the sale of unused vacation, compensatory time vacation and/or sick leave rolled into their deferred compensation account, per Section 13.1 H. and Section 14.2 B. It is understood the nine percent (9%) matching does not apply to this transaction. All rules, requirements, and conditions of deferred compensation accounts shall apply.