Tax Deferred Compensation Plans Sample Clauses

Tax Deferred Compensation Plans. The Assistant Superintendent shall be entitled to use the District’s IRC Section 125 plan and its Section 403b plan in any manner allowed by law on the same terms and conditions that such plans are made available to other management employees.
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Tax Deferred Compensation Plans. During January of each year commencing January of 2018, if the Chancellor receives a satisfactory evaluation or better, the District shall contribute to Chancellor's Supplemental Retirement Plan (the "Plan") under section 403b of the Internal Revenue Code ("Code") an amount equal to percent (6%) of the Chancellor's then annual base salary ("Plan Contribution"). (See Evaluation, section 12). The Plan shall be an employer paid plan with non-discretionary contributions by the District. The Chancellor shall have no right to receive such contributions in cash. The Plan documents must meet the requirements of the Code. Funds for the Plan shall be invested in such investment vehicles as are allowable under the Code and state law. The Chancellor shall direct the investment of his accounts under the Plan among the options provided for under the Plan to the extent permitted under law. The District shall have no liability for any investment decisions made by the Chancellor. The contributions to the Plan and earnings thereon shall at all times be vested with the Chancellor. The Plan Contribution made during each calendar year shall not exceed the maximum amount permitted by law. If the Chancellor's employment terminates for any reason, he shall nonetheless be entitled to receive all Plan Contributions made prior to the effective date of his termination. In addition to the above, the Chancellor shall be entitled to use the District's IRC Section 125 plan and the District's Section 403b plan in any manner allowed by law on the same terms and conditions that such plans are made available to other management employees. All contributions to such plans by the Chancellor shall conform to all requirements of law.
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Tax Deferred Compensation Plans. The Superintendent may participate in any tax deferred compensation plans of the District for which he is eligible. All contributions to such plans will be paid by the Superintendent from his salary and shall conform to all requirements of law. The District shall monthly contribute to the Superintendent $1,500 as allowed under IRS guidelines for a 403b Tax Sheltered Annuity.
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Related to Tax Deferred Compensation Plans

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

  • Deferred Compensation Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representative, on behalf of the Underwriters, the Deferred Discount. Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its Initial Business Combination within the time period prescribed in the Amended and Restated Certificate of Incorporation, the Deferred Discount will not be paid to the Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such liquidation distribution, the Underwriters will forfeit any rights or claims to the Deferred Discount.

  • Tax-Deferred Earnings The investment earnings of your IRA are not subject to federal income tax until distributions are made (or, in certain instances, when distributions are deemed to be made).

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

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