Common use of PAYROLL DEDUCTION SLOTS Clause in Contracts

PAYROLL DEDUCTION SLOTS. A. The board will provide four (4) payroll deduction slots to be used by HEA/United for its designated economic services. One payroll slot will be used for pre-tax benefits such as tax deferred annuities; a second payroll slot will be used for insurance; investments, and other post tax advantages; and the third slot will be used for automobile/homeowners coverage; and the fourth slot for BMG Loans at Work. B. The Board shall not require HEA/United provide a minimum number of applicants to activate the payroll deduction slots. C. HEA/United agrees to hold the Board harmless for any claims arising out of the use of the payroll deduction slots described, except where a claim is attributable to an error on the part of the Board.