Qualified Annuity Contribution Sample Clauses

Qualified Annuity Contribution. The Board annually will make a matching contribution to a qualified tax-sheltered annuity, established pursuant to Section 403(b) of the Internal Revenue Code, held for the benefit of the President. The contribution amount will match dollar-for-dollar the elective contributions made annually by the President to the tax-sheltered annuity, but such Board contribution shall not exceed Twelve Thousand Dollars ($12,000) annually for any year of this Agreement. The Board’s matching contributions shall be fully vested after five years of service as President, and shall vest at the rate of 20% per year over the five year vesting period. Further, this provision is subject to the SURS limitations set forth in Sections B.2 and B.3 of this Agreement.
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Qualified Annuity Contribution. The College annually will make a matching contribution to a qualified tax- sheltered annuity, established pursuant to Section 403(b) of the Internal Revenue Code, held for the benefit of Xxxxx. The contribution amount will match dollar-for-dollar the elective contributions made annually by Xxxxx to the tax-sheltered annuity, but such College contribution shall not exceed Six Thousand Dollars ($6,000) annually for any year of this Agreement. Further, this provision is subject to the SURS limitations set forth in Sections B.2 and B.3 of this Agreement.
Sample 1Sample 2
Qualified Annuity Contribution. The College annually will make a matching contribution to a qualified tax-sheltered annuity, established pursuant to Section 403(b) of the Internal Revenue Code, held for the benefit of Xxxxx. The contribution amount will match dollar-for-dollar the elective contributions made annually by Xxxxx to the tax-sheltered annuity, but such College contribution shall not exceed Six Thousand Dollars ($6,000) annually for any year of this Agreement.
Sample 1Sample 2
Qualified Annuity Contribution. The Board annually will make a matching contribution to a qualified tax- sheltered annuity, established pursuant to Section 403(b) of the Internal Revenue Code, held for the benefit of the President. The contribution amount will match dollar-for-dollar the elective contributions made annually by the President to the tax-sheltered annuity, subject to the applicable IRS Maximum Amount Contributable (“MAC”) annual limitation for any year of this Agreement. Further, this provision is subject to the SURS limitations on end of career earnings set forth in Sections B.2 and B.3 of this Agreement.
Sample 1
Qualified Annuity Contribution. The Board annually will make a matching contribution to a qualified tax-sheltered annuity, established pursuant to Section 403(b) of the Internal Revenue Code, held for the benefit of the President. The contribution amount will match dollar-for-dollar the elective contributions made annually by the President to the tax-sheltered annuity, but such Board contribution shall not exceed Eighteen Thousand Dollars ($18,000) annually for any year of this Agreement. Further, this provision is subject to the SURS limitations set forth in Sections B.2 and B.3 of this Agreement.
Sample 1

Related to Qualified Annuity Contribution

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2014, and January 1, 2015, the minimum employee contribution shall be five dollars ($5.00) per month.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Payment of Contributions The University and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

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