FICA Contribution Clause Samples
FICA Contribution. ALPA will continue to assume the FICA contribution for each employee up to a maximum contribution of $4,550 per year (annualized through April 30, 2009), for the duration of the agreement. Each employee will be reimbursed on a bi-weekly basis at the rate established by the IRS until the maximum reimbursement limit for a particular year is met.
FICA Contribution. The Board agrees to pay on behalf of the Superintendent, the full amount of the employee tax that, pursuant to Section 3101 of the Internal Revenue Code, is imposed upon all of the Medicare tax “wages” that are paid to the Superintendent pursuant to this Contract (currently 1.45% of salary). The Superintendent acknowledges and agrees that such payments may be reportable as additional taxable income of the Superintendent; and Board shall not be required to pay on behalf of, or to otherwise reimburse the Superintendent on account of, any such income tax consequences.
FICA Contribution. The Board agrees to pay on behalf of the Treasurer/CFO, the full amount of the employee tax that, pursuant to Section 3101 of the Internal Revenue Code, is imposed upon all of the Medicare tax “wages” that are paid to the Treasurer/CFO pursuant to this Contract (currently 1.45% of salary). The Treasurer/CFO acknowledges and agrees that such payments may be reportable as additional taxable income of the Treasurer/CFO; and Board shall not be required to pay on behalf of, or to otherwise reimburse the Treasurer/CFO on account of, any such income tax consequences.
FICA Contribution. The Board agrees to pay on behalf of the Treasurer/CFO, the full amount of the employee tax that, pursuant to Section 3101 of the Internal Revenue Code, is imposed upon all of the Medicare tax "wages" that are paid to the Treasurer/CFO pursuant to this Contract (currently 1.45% of salary). The Treasurer/CFO acknowledges and agrees that such payments may be reportable as additional taxable income of the Treasurer/CFO; and Board shall not be required to pay on behalf of, or to otherwise reimburse the Treasurer/CFO on account of, any such income tax consequences. 5 Professional Growth The Treasurer/CFO shall be encouraged to attend those professional meetings as are approved by the Board, the actual and necessary expenses of said attendance to be paid by the District in accordance with Board policy.