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 $1,924 per bi-weekly pay period ($50,017 Annualized), for the term commencing on 10/11/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32, Social Media Coordinator, Public Relations and Marketing. 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.

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 $1,924 2,000 per bi-weekly pay period ($50,017 52,500 Annualized), for the term commencing on 10/11/2021 2/25/2023 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C41, Social Media CoordinatorTechnical Analyst, Public Relations and MarketingStudent Records. 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.

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 $1,924 2,376 per bi-weekly pay period ($50,017 61,769 Annualized), for the term commencing on 10/11/2021 7/12/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32, Social Media CoordinatorLead Academic Success Advisor, Public Relations Advising and MarketingRetention. 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.

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 $1,924 2,200 per bi-weekly pay period ($50,017 57,200 Annualized), for the term commencing on 10/11/2021 9/13/2022 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32C42, Social Media CoordinatorFacilities Supervisor, Public Relations and MarketingLakeshore 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 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 with such powers and duties as may be fixed by the Board. B. The Board shall pay to the employee a salary of $1,924 1,826 per bi-weekly pay period ($50,017 47,488/Annualized), for the term commencing on 10/11/2021 1/6/2024 and ending on 6/30/20226/30/2024, in installments less any legally authorized deductions as the DBM B32, Social Media CoordinatorRecruitment Specialist, Public Relations and MarketingLakeshore 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.

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 $1,924 3,077 per bi-weekly pay period ($50,017 80,000/Annualized), for the term commencing on 10/11/2021 11/5/2022 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorPayroll Manager, Public Relations and MarketingFinance Department. 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.

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 $1,924 2,463 per bi-weekly pay period ($50,017 64,038 Annualized), for the term commencing on 10/11/2021 7/12/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32, Social Media CoordinatorLead Academic Success Advisor, Public Relations Advising and MarketingRetention. 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.

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 $1,924 2,206 per bi-weekly pay period ($50,017 57,350 Annualized), for the term commencing on 10/11/2021 10/3/2022 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32, Social Media CoordinatorMarketing Analyst, Public Relations and Marketing. 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.

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 $1,924 1,838 per bi-weekly pay period ($50,017 47,800 Annualized), for the term commencing on 10/11/2021 7/1/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32B24, Social Media CoordinatorPublic Relations Specialist, Public Relations and Marketing. 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.

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 $1,924 3,902 per bi-weekly pay period ($50,017 101,461 Annualized), for the term commencing on 10/11/2021 3/13/2023 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorBusiness Analyst, Public Relations and MarketingStudent Records. 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.

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 $1,924 2,418 per bi-weekly pay period ($50,017 62,872 Annualized), for the term commencing on 10/11/2021 7/1/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorBusiness Analyst, Public Relations Community and MarketingWorkforce Partnerships. 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.

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 $1,924 2,000 per bi-weekly pay period ($50,017 52,000 Annualized), for the term commencing on 10/11/2021 8/29/2022 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C41, Social Media CoordinatorTechnical Analyst, Public Relations and MarketingFinancial Aid. 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.

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 $1,924 2,053 per bi-weekly pay period ($50,017 53,379 Annualized), for the term commencing on 10/11/2021 7/1/2022 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C41, Social Media CoordinatorAccountant, Public Relations and MarketingFinance Department. 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.

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 $1,924 2,490 per bi-weekly pay period ($50,017 64,747 Annualized), for the term commencing on 10/11/2021 7/12/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32, Social Media CoordinatorLead Academic Success Advisor, Public Relations Advising and MarketingRetention. 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.

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 $1,924 2,615 per bi-weekly pay period ($50,017 68,000 Annualized), for the term commencing on 10/11/2021 4/18/2022 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32C42, Social Media CoordinatorMaintenance Supervisor, Public Relations and MarketingMaintenance. 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.

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 $1,924 2,769 per bi-weekly pay period ($50,017 72,000 Annualized), for the term commencing on 10/11/2021 3/21/2022 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorMarketing Manager, Public Relations and Marketing. 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.

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 $1,924 2,952 per bi-weekly pay period ($50,017 76,752 Annualized), for the term commencing on 10/11/2021 1/10/2022 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32, Social Media Senior Program Coordinator, Public Relations and MarketingPersonal Enrichment. 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.

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 $1,924 1,962 per bi-weekly pay period ($50,017 51,000 Annualized), for the term commencing on 10/11/2021 9/13/2022 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32X00, Social Media Xxxxxxx Engagement Coordinator, Public Relations and MarketingStudent Life. 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.

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 $1,924 2,619 per bi-weekly pay period ($50,017 68,100/Annualized), for the term commencing on 10/11/2021 1/3/2023 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorManager, Public Relations and MarketingTesting. 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.

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 $1,924 2,308 per bi-weekly pay period ($50,017 60,000 Annualized), for the term commencing on 10/11/2021 8/29/2022 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorCompliance Officer, Public Relations and MarketingFinancial Aid. 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.

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 $1,924 2,578 per bi-weekly pay period ($50,017 67,026 Annualized), for the term commencing on 10/11/2021 11/22/2021 and ending on 6/30/2022, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorBusiness Analyst, Public Relations and MarketingEducational Affairs. 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.

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 $1,924 4,071 per bi-weekly pay period ($50,017 105,835 Annualized), for the term commencing on 10/11/2021 10/10/2022 and ending on 6/30/20226/30/2023, in installments less any legally authorized deductions as the DBM B32C43, Social Media CoordinatorBusiness Analyst, Public Relations and MarketingEducational Affairs. 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.