PAYMENT TO IMRF Sample Clauses

PAYMENT TO IMRF. For Educational Support Personnel who are eligible to participate in the Illinois Municipal Retirement Fund (IMRF), the Board will pay the staff member's required contribution. It is the intent of the parties by this Agreement to qualify these payments under Section 414(h) of the Internal Revenue Code. The staff member has no right or claim to the fund so remitted except as they may subsequently become available upon retirement or resignation from IMRF.
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PAYMENT TO IMRF. The Board shall pay the full employee contribution for each employee’s state retirement benefits to be applied to the retirement account of such employee. Such payments shall be based upon an employee’s salary and extra duty schedule payments.
PAYMENT TO IMRF. For Educational Support Personnel who are eligible to participate in the Illinois Municipal Retirement Fund (IMRF), the Board will pay the staff member's required contribution. It is the intent of the parties by this Agreement to qualify Collective Bargaining Agreement between District 21 Board of Education and District 21 Education Association, IEA-NEA these payments under Section 414(h) of the Internal Revenue Code. The staff member has no right or claim to the fund so remitted except as they may subsequently become available upon retirement or resignation from IMRF. CBA FINAL 8/1/2018 Page 71 ARTICLE 307 VOLUNTARY RETIREMENT FOR EDUCATIONAL SUPPORT PERSONNEL Individuals retiring under this agreement may elect either Section 307.1 “Retirement Incentive” or Section 307.2 "Longevity Incentive" shown below, provided he/she is eligible, but not both.

Related to PAYMENT TO IMRF

  • Payment Address and Effect of Non-Payment All non-electronic payments required by this Settlement Agreement shall be delivered to the following address: Chanler, LLC Attn: Proposition 65 Controller 00 Xxxxxxxxxxx Xxxx Xxxx Xxx Xxxxxx, XX 00000 Should the payments due under Section 3 not clear within two business days from the Effective Date, then this Settlement Agreement shall be null and void.

  • PAYMENT TO CONTRACTOR The TOWN agrees to pay at the rates specified for SERVICES satisfactorily performed in accordance with this contract. Unless otherwise specified, the CONTRACTOR shall submit an itemized invoice to the TOWN by the end of the month during which SERVICES are performed. Payment will be processed promptly upon receipt and approval by the TOWN of the invoice.

  • Agreement to Sell and Purchase Subject to and in accordance with the terms and conditions of this Agreement, Buyer agrees to purchase the Assets from Seller, and Seller agrees to sell the Assets to Buyer.

  • Payments by Wire-Transfer All payments under this Single Family Shared-Loss Agreement shall be made by wire-transfer in accordance with the wire-transfer instructions on Exhibit 4.

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