Part-time Teaching Option Clause Samples

Part-time Teaching Option. The following criteria regarding part-time teaching option applies to both Severance Plan I and Severance Plan II. The School District, at its sole discretion, may grant a part- time teaching option to a teacher in accordance with 1979 Session Laws of the State of Minnesota. Section 1. Match Option for Teachers hired before July 1, 1991: Teachers hired before July 1, 1991 may participate in the District’s Matching plan beginning in January 2002. The District will match up to two thousand Dollars ($2000.00) annually. If any employee defers an annual amount that is less than the amount the district would match the District will then match the employee’s lower amount. If an employee fails to defer any money on an annual basis, the district will not contribute any compensation to the employee’s 403b fund that year. The employee may defer additional amounts of their compensation to the 403b Deferred Compensation Plan or in any other TSAs of their choosing as permissible by law.