Common use of Tax Deferral of Lump Sum Leave Cash Out Upon Separation Clause in Contracts

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal and state law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or 401k plan offered through the State’s Savings Plus Program (SPP).

Appears in 10 contracts

Samples: Agreement, Agreement, Agreement

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Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal and state law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or and/ or 401k plan offered through the State’s Savings Plus Program (SPP).

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal and state law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing IRC 457 and/or 401k IRC 401(k) plan offered through the State’s Savings Plus Program (SPP).

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal Federal and state State law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or 401k plan offered through the State’s Savings Plus Program (SPP).

Appears in 3 contracts

Samples: Agreement, Entire Agreement, Agreement

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal and state law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or 401k 401(k) plan offered through the State’s Savings Plus Program (SPP).

Appears in 1 contract

Samples: Agreement

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal Federal and state State law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or 401k 401(k) plan offered through the State’s Savings Plus Program (SPP).

Appears in 1 contract

Samples: Agreement

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal Federal and state State law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or 401k 401(k) plan offered through the State’s Savings Plus Program (SPP).

Appears in 1 contract

Samples: Agreement

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Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal Federal and state State law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or 401k plan offered through the State’s Savings Plus Program (SPP).

Appears in 1 contract

Samples: Agreement

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal and state law, employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing IRC 457 and/or 401k IRC 401(K) plan offered through the State’s Savings Plus Program (SPP).

Appears in 1 contract

Samples: Agreement

Tax Deferral of Lump Sum Leave Cash Out Upon Separation. A. To the extent permitted by federal Federal and state law, State law employees who separate from State service who are otherwise eligible to cash out their vacation and/or annual leave balance, may ask the State to tax defer and transfer a designated monthly amount from their cash payment into their existing 457 and/or 401k 401(k) plan offered through the State’s Savings Plus Program (SPP).

Appears in 1 contract

Samples: Agreement

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