Common use of EMPLOYMENT TERM AND COMPENSATION Clause in Contracts

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 per bi-weekly pay period ($124,313/Annualized), payable in installments less any legally authorized deductions as the D72, Executive Director, James Lumber Ctr/PerformingArt. B. The term of this contract shall commence on 7/1/2024 and terminate on 6/30/2025. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $4,781 3,292 per bi-weekly pay period ($124,313/85,600 Annualized), payable for the term commencing on and ending on , in installments less any legally authorized deductions as the D72DBM C43 Lieutenant, Executive Director, James Lumber Ctr/PerformingArt. B. The term of this contract shall commence on 7/1/2024 and terminate on 6/30/2025Police Department. C. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 4,691 per bi-weekly pay period ($124,313121,969/Annualized), payable in installments less any legally authorized deductions as the D72D61, Executive DirectorAssociate Xxxx, James Lumber CtrCommArts/PerformingArtHum/Fine Arts Div. B. The term of this contract shall commence on 7/1/2024 and terminate on 6/30/2025. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 5,520 per bi-weekly pay period ($124,313143,527/Annualized), payable in installments less any legally authorized deductions as the D72, Executive DirectorXxxx, James Lumber CtrCommArts/PerformingArtHum/Fine Arts Div. B. The term of this contract shall commence on 7/1/2024 and terminate on 6/30/2025. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 3,923 per bi-weekly pay period ($124,313102,000/Annualized), payable in installments less any legally authorized deductions as the D72DBM D71, Executive Director, James Lumber Ctr/PerformingArtDiversity, Equity and Inclusion, Strategy, Planning and Support. B. The term of this contract shall commence on 7/1/2024 2/7/2022 and terminate on 6/30/20256/30/2022. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings the compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 5,192 per bi-weekly pay period ($124,313135,000/Annualized), payable in installments less any legally authorized deductions as the D72DBM E82, Executive DirectorAssistant Vice President, James Lumber Ctr/PerformingArtStrategy, Planning and Support. B. The term of this contract shall commence on 7/1/2024 3/29/2023 and terminate on 6/30/20256/30/2023. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 4,119 per bi-weekly pay period ($124,313/107,100 Annualized), payable in installments less any legally authorized deductions as the D72DBM D71, Executive Director, James Lumber Ctr/PerformingArtDiversity, Equity and Inclusion, Strategy, Planning & Support. B. The term of this contract shall commence on 7/1/2024 7/1/2022 and terminate on 6/30/20256/30/2023. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 3,934 per bi-weekly pay period ($124,313/102,293 Annualized), payable in installments less any legally authorized deductions as the D72DBM D61, Executive DirectorAssociate Xxxx, James Lumber CtrEngineering/PerformingArtMath/Phy Sci Div. B. The term of this contract shall commence on 7/1/2024 7/1/2022 and terminate on 6/30/20256/30/2023. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 4,321 per bi-weekly pay period ($124,313/112,341 Annualized), payable in installments less any legally authorized deductions as the D72DBM D61, Executive DirectorAssociate Xxxx, James Lumber CtrCommArts/PerformingArtHum/Fine Arts Div. B. The term of this contract shall commence on 7/1/2024 7/1/2022 and terminate on 6/30/20256/30/2023. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee for a salary of $4,781 5,072 per bi-weekly pay period ($124,313131,879/Annualized), payable in installments less any legally authorized deductions as the D72, Executive DirectorXxxx, James Lumber Ctr/PerformingArtEngineering, Mathematics and Physical Sciences Division. B. The term of this contract shall commence on 7/1/2024 and terminate on 6/30/2025. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.