Common use of Tax Deferred Annuity Program Clause in Contracts

Tax Deferred Annuity Program. There shall be made available to all regular full-time and part-time Employees employed 600 or more hours, by payroll deductions, the Tax Deferred Annuity contracts issued by a qualified provider indemnifying the BOARD against penalty, except that no contact may be made with any Employee during regular working hours, nor in school buildings or on school property, and provided further that no school facilities shall be used for the distribution of literature or materials, and that the ADMINISTRATION be authorized to establish such administrative regulations as are deemed necessary for the efficient administration of this program.

Tax Deferred Annuity Program. There shall be made available to all regular full-time and part-time Employees employed 600 or more hours, by payroll deductions, the Tax Deferred Annuity contracts issued by a qualified provider indemnifying the BOARD against penalty, except that no contact may be made with any Employee during regular working hours, nor in school buildings or on school property, and provided further that no school facilities shall be used for the distribution of literature or materials, and that the ADMINISTRATION administration be authorized to establish such administrative regulations as are deemed necessary for the efficient administration of this program.