Common use of Supplemental Retirement Plans Clause in Contracts

Supplemental Retirement Plans. Oakland shall provide all faculty members the option of investing, at their expense, in supplemental retirement tax-deferred vehicles as identified in paragraph 130 above, subject to conditions established by the respective companies. During the period of reduced work schedule (paragraph 134), to the extent allowed by the plans, faculty may withdraw the funds in their supplemental retirement plans, if any, and bear the costs of any applicable penalties and taxes.

Appears in 5 contracts

Samples: Agreement, Agreement, www.oakland.edu

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Supplemental Retirement Plans. Oakland shall provide all faculty members the option of investing, at their expense, in supplemental retirement tax-deferred vehicles as identified in paragraph 130 above, subject to conditions established by the respective companies. During the period of reduced work schedule (paragraph 134), to the extent allowed by the plans, faculty may withdraw the funds in their supplemental retirement plans, if any, and bear the costs of any applicable penalties and taxes.

Appears in 2 contracts

Samples: Agreement, Agreement

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Supplemental Retirement Plans. Oakland shall provide all faculty members the option of investing, at their expense, in supplemental retirement tax-deferred vehicles as identified in paragraph 130 124 above, subject to conditions established by the respective companies. During the period of reduced work schedule (paragraph 134), to the extent allowed by the plans, faculty may withdraw the funds in their supplemental retirement plans, if any, and bear the costs of any applicable penalties and taxes.

Appears in 2 contracts

Samples: Agreement, Agreement

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