Participating Companies Approved by Board. All companies participating in a tax sheltered annuity program and specific agreements made must be approved by the Board. a. No new participating company will be approved by the Board unless the request for such approval is accompanied by thirty (30) bona fide applications for the company seeking such approval. b. All applicants requesting participation in a tax sheltered annuity program must agree to participate in said program for a minimum of twelve (12) months unless contract for employment is terminated. c. If the district found the need to reduce the number of companies [403b] participating; the Association shall be given advance notice in order to have input.
Appears in 7 contracts
Samples: Collective Bargaining Agreement, Employment Agreement, Employment Agreement
