Common use of Matching Contribution Plan Clause in Contracts

Matching Contribution Plan. Beginning with open enrollment during the 2020-2021 school year, the School District will match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years $-0- $ -0- Four (4) – Eight (8) years $500 $ 2,500 Nine (9) – Thirteen (13) years $600 $ 3,000 Fourteen (14) – Eighteen (18) years $700 $ 3,500 Nineteen (19) plus years $900 $ 8,000 $17,000

Matching Contribution Plan. Beginning with open enrollment during the 2020-2021 school year, the School District will match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years $$ -0- $ -0- Four (4) – Eight (8) years $500 $ 2,500 Nine (9) – Thirteen (13) years $600 $ 3,000 Fourteen (14) – Eighteen (18) years $700 $ 3,500 Nineteen (19) plus years $900 $ 8,000 $17,000

Matching Contribution Plan. Beginning with the open enrollment during the 20202010-2021 11 school year, the School District will shall match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years $-0- $ -0- 0 Four (4) – Eight (8) years $500 300 $ 2,500 1,500 Nine (9) – Thirteen (13) years $600 400 $ 3,000 2,000 Fourteen (14) – Eighteen (18) years $700 500 $ 3,500 2,500 Nineteen (19) plus years $900 800 $ 8,000 6,600 $17,00012,600

Matching Contribution Plan. Beginning with open enrollment during the 20202023-2021 2024 school year, the School District will match employees’ annual contributions for employees who are benefit eligible under Article VIII working four (4) or more hours per day based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years $-0- $ -0- Four (4) – Eight (8) years $500 $ 2,500 Nine (9) – Thirteen (13) years $600 $ 3,000 Fourteen (14) – Eighteen (18) years $700 $ 3,500 Nineteen (19) plus years $900 $ 8,000 $17,000

Matching Contribution Plan. Beginning with open enrollment during the 20202010-2021 11 school year, the School District will match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year years of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years $-0- $ -0- 0 Four (4) – Eight (8) years $500 300 $ 2,500 1,500 Nine (9) – Thirteen (13) years $600 400 $ 3,000 2,000 Fourteen (14) – Eighteen (18) years $700 500 $ 3,500 2,500 Nineteen (19) plus years $900 800 $ 8,000 6,600 $17,00012,600