Payroll Savings Sample Clauses

Payroll Savings. The Board shall deduct payroll savings for any teacher that elects such in an amount determined by that teacher at the following institutions: 1. Seasons Federal Credit Union 2. United Shoreline Federal Credit Union
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Payroll Savings. Tax sheltered annuities are available for any administrative staff member upon request to the District prior to November 1st_ Payments for these annuities shall constitute a reduction in salaries as authorized by the staff members and will be deductible automatically by the School District from each paycheck. The District will select one company to serve as forwarding agent. The District will offer an IRS Code Section 457 Plan. Such payments shall be made as an employer non-elective contribution to an IRS 403(b) non-elective tax sheltered annuity plan and/or a 457 plan within allowable IRS rules and limitations for the benefit of the administrator.
Sample 1
Payroll Savings. 1. Tax sheltered annuities are available for any non-teaching staff member upon request to the Board of Education. Payments for these annuities will be deducted automatically by the school district from each pay check.
Sample 1
Payroll Savings. 12.4.1 The Village will supply a system of payroll savings for any member of the Department so desiring to join. Payroll savings plan could be either specified amount placed in member's savings account or
Sample 1
Payroll Savings. Section 1 The District will provide for payroll deductions for Payroll Savings, Employee Retirement System Loans, any accounts in the Chen-Del-O FCU, Xxxxxx FCU, NBT Bank, the Binghamton Savings Bank, Xxxxxx National Bank, People’s National Bank, United Way, AFLAC and TSA’s. Any employee desiring any deductions at these institutions should notify the Business Office by August‌
Sample 1
Payroll Savings. Section 1 The District will provide for payroll deductions for Payroll Savings, Employee Retirement System Loans, any accounts in the Chen-Del-O FCU, Xxxxxx FCU, Visions FCU, GHS FCU, M&T Bank, NBT Bank, the Binghamton Savings Bank, Xxxxxx National Bank, People’s National Bank, United Way, AFLAC and TSA’s. Any employee desiring any deductions at these institutions should notify the Business Office by August 1. Any employee desiring to initiate or change a deduction subsequent to August 1 must do so prior to January 1, March 1, May 1, July 1, September 1, or November 1. The Business Office will continue to allow changes at any time to accommodate payroll deductions for loans from the aforementioned institutions.‌ Section 2 All ten-month employees have the option to be paid on a twelve-month basis. A ten-month pay schedule would be either 21 or 22 paychecks, as determined by the calendar. A twelve-month pay schedule would be either 25 or 26 paychecks, as determined by the calendar.
Sample 1
Payroll Savings. The employer will, at the request of the employee, deduct authorized amounts from their salary for deposit in employees account in the Columbia County Credit Union. a. The District will provide authorization forms. b. Changes - employees may change a deduction authorization five times per year as follows: i. on or before August 15 as to be effective with the first pay date in September. ii. on or before October 15 as to be effective with the first pay date in November. iii. on or before December 15 as to be effective with the first pay date in January. iv. on or before February 15 as to be effective with the first pay date in March. v. on or before April 15 as to be effective with the first pay date in May. Employees may withdraw at any time throughout the year provided they notify the business office, in writing, at least two (2) weeks prior to the payroll date upon which the deduction is to cease.
Sample 1
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Payroll Savings. The district will make available Tax Sheltered Annuities through payroll deduction. Payments for these annuities shall constitute a reduction in salaries as authorized by the administrator and will be deductible automatically by the district from each paycheck. The district will select one company to serve as forwarding agent.
Sample 1

Related to Payroll Savings

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Other Payroll Deductions Upon appropriate written authorization from the employee, the Board shall deduct from the salary of any employee and make appropriate remittance for annuities, credit union, savings bonds, insurance, or any other plans or programs approved by the parties.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Payroll Deduction A. Membership dues of OCEA members in this Representation Unit and insurance premiums for such OCEA sponsored insurance programs as may be approved by the Board of Supervisors shall be deducted by the County from the pay warrants of such members. The County shall promptly transmit the dues and insurance premiums so deducted to OCEA. B. OCEA shall notify the County, in writing, as to the amount of dues uniformly required of all members of OCEA and also the amount of insurance premiums required of employees who choose to participate in such programs.

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