Common use of EMPLOYMENT TERM AND COMPENSATION Clause in Contracts

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $1,828 per bi-weekly pay period, for the term commencing on 11/2/2020 through 6/30/2021, in installments less any legally authorized deductions as the DBM B32, Senior Program Coordinator*, Judicial Services. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of 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.

Appears in 1 contract

Samples: Employment Contract

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EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 23.00/Hourly for the term commencing on 11/2/2020 4/22/2023 through 6/30/2021, 6/30/2023 in installments less any legally authorized deductions as the DBM B32B24, Senior Transition Program CoordinatorSpecialist*, Judicial ServicesAdult Education and ESL. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 20.31/Hour for the term commencing on 11/2/2020 through 6/30/2021, 8/30/2021 and ending on 6/30/2022 in installments less any legally authorized deductions as the DBM B32B31, Senior Program Coordinator*Technical Production Assistant, Judicial ServicesXxxxx Lumber Center for the Performing Arts. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee employee a salary of $1,828 2,577 per bi-weekly pay periodperiod ($67,000/Annualized), for the term commencing on 11/2/2020 through 6/30/202111/18/2023 and ending on 6/30/2024, in installments less any legally authorized deductions as the DBM B32C41, Senior Program Coordinator*Accountant, Judicial ServicesFinance. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $1,828 2,137 per bi-weekly pay period, for the term commencing on 11/2/2020 7/1/2024 through 6/30/20216/30/2025, in installments less any legally authorized deductions as the DBM B32, Senior Urban Farm Center Program Coordinator*, Judicial ServicesCommunity Programs. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Faculty Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $1,828 2,053 per bi-weekly pay period, for the term commencing on 11/2/2020 7/1/2022 through 6/30/20216/30/2023, in installments less any legally authorized deductions as the DBM B32C41, Senior Career Program CoordinatorManager*, Judicial ServicesLakeshore Campus. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $1,828 1,826 per bi-weekly pay period, for the term commencing on 11/2/2020 1/3/2023 through 6/30/20216/30/2023, in installments less any legally authorized deductions as the DBM B32, Senior Program Student Success Coordinator*, Judicial ServicesAdult Education. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 21.05/Hour for the term commencing on 11/2/2020 through 6/30/2021, 10/21/2024 and ending on 6/30/2025 in installments less any legally authorized deductions as the DBM B32B24, Senior Program Coordinator*IT Technician, Judicial ServicesTechnology Support, Lakeshore Campus. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee employee a salary of $1,828 2,473 per bi-weekly pay periodperiod ($64,293 Annualized), for the term commencing on 11/2/2020 through 6/30/20218/30/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32C43, Senior Program Coordinator*Business Analyst, Judicial ServicesFinance. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee Employee as the Board contribution on behalf of the Employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 19.55/Hourly for the term commencing on 11/2/2020 4/25/2022 through 6/30/20216/30/2022, in installments less any legally authorized deductions as the DBM B32B23, Senior Program CoordinatorEnrollment Services Specialist*, Judicial ServicesAdult Education Testing. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 20.86/Hour for the term commencing on 11/2/2020 through 6/30/2021, 2/24/2024 and ending on 6/30/2024 in installments less any legally authorized deductions as the DBM B32B22, Senior Program Coordinator*Laboratory Specialist, Judicial ServicesHospitality and Culinary Management. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $1,828 2,421 per bi-weekly pay periodperiod ($62,944/Annualized), for the term commencing on 11/2/2020 through 6/30/202112/14/2022 and ending on 6/30/2023, in installments less any legally authorized deductions as the DBM B32C43, Senior Program Coordinator*Academic Operations Manager, Judicial ServicesEngineering, Math and Physical Sciences Division. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 19.55/Hourly for the term commencing on 11/2/2020 11/5/2022 through 6/30/20216/30/2023, in installments less any legally authorized deductions as the DBM B32, Senior Program CoordinatorB23 Enrollment Services Specialist*, Judicial ServicesAdult Education Testing. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee employee a salary of $1,828 2,692 per bi-weekly pay periodperiod ($70,000/Annualized), for the term commencing on 11/2/2020 through 6/30/202112/2/2023 and ending on 6/30/2024, in installments less any legally authorized deductions as the DBM B32C41, Senior Program Coordinator*Accountant, Judicial ServicesFinance. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee 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.

Appears in 1 contract

Samples: Employment Agreement

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EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 19.55/Hourly for the term commencing on 11/2/2020 10/7/2023 through 6/30/20216/30/2024, in installments less any legally authorized deductions as the DBM B32B23, Senior Program CoordinatorEnrollment Services Specialist*, Judicial ServicesAdult Education Testing. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 19.70/Hourly for the term commencing on 11/2/2020 9/30/2024 through 6/30/20216/30/2025, in installments less any legally authorized deductions as the DBM B32B23, Senior Program CoordinatorEnrollment Services Specialist*, Judicial ServicesAdult Education Testing . C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Faculty Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $1,828 2,265 per bi-weekly pay period, for the term commencing on 11/2/2020 1/1/2022 through 6/30/2021, 6/30/2022 in installments less any legally authorized deductions as the DBM B32, Senior Program CoordinatorInternational Trade Specialist*, Judicial ServicesSmall Bus Dev./Int'l Trade Ctr. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of 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.

Appears in 1 contract

Samples: Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 19.23/Hourly for the term commencing on 11/2/2020 2/24/2024 through 6/30/20216/30/2024, in installments less any legally authorized deductions as the DBM B32B23, Senior Program CoordinatorData Reporting Specialist*, Judicial ServicesAdult Education/Literacy. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary an hourly rate of $1,828 per bi-weekly pay period, 23.97/Hourly for the term commencing on 11/2/2020 7/1/2022 through 6/30/20216/30/2023, in installments less any legally authorized deductions as the DBM B32, Senior Program CoordinatorStudent Services Specialist II*, Judicial ServicesEducational Talent Search Grants. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee a salary of $1,828 1,826 per bi-weekly pay period, for the term commencing on 11/2/2020 11/8/2021 through 6/30/20216/30/2022, in installments less any legally authorized deductions as the DBM B32X00, Senior Program Xxxxxxx Success Coordinator*, Judicial ServicesAdult Education. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee employee a salary of $1,828 3,077 per bi-weekly pay periodperiod ($80,000/Annualized), for the term commencing on 11/2/2020 through 6/30/20212/24/2024 and ending on 6/30/2024, in installments less any legally authorized deductions as the DBM B32C41, Senior Program Coordinator*Community Giving Manager, Judicial ServicesCollege Foundation. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee 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.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee employee a salary of $1,828 1,625 per bi-weekly pay periodperiod ($42,254 Annualized), for the term commencing on 11/2/2020 through 6/30/20217/1/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32B24, Senior Program Coordinator*Communication Specialist, Judicial Enrollment Services. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the compensation paid to the employee Employee as the Board contribution on behalf of the Employee 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.

Appears in 1 contract

Samples: Employment Contract

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