Tax Deferred Matching Contribution Plan Sample Clauses

Tax Deferred Matching Contribution Plan. Section 1. The School District shall contribute an amount equal to the teacher's contribution in a tax-deferred matching contribution plan. The District's contribution will be based on the teacher's years of service in the District and shall not exceed the following amounts: Years of Active Service in the District: Employer Match 0 – Tenure 0 (No employer match.) Tenure - 5 $ 400 6 -10 $1,000 11 - 20 $1,200 21+ $1,500
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Tax Deferred Matching Contribution Plan. Subd. 1.
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Tax Deferred Matching Contribution Plan. A. Purpose. Administrative Assistants or Specialists hired after October 1, 2006 and Administrative Assistants or Specialists hired prior to October 1, 2006 who irrevocably elect the TSA match in lieu of any severance payment by December 31, 2006, will be eligible to participate in a tax-sheltered annuity plan match through payroll deduction pursuant to Section 403(b) of the Internal Revenue Code of 1986, Minn. Stat. 123B.02, Subd. 15 and School District policy. Effective July 1, 2007, an annual School District contribution shall be payable to an eligible employee’s tax deferred matching contribution plan (hereinafter referred to as “Matching Plan”), subject to the following provisions.
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Tax Deferred Matching Contribution Plan. An Employer contribution is payable to an employee’s tax- deferred matching contribution plan, subject to the following provisions.
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Tax Deferred Matching Contribution Plan. The School District shall contribute an amount equal to the full-time instructor’s contribution in a tax-deferred matching contribution plan based upon the instructor’s years of service in the Small Wonders Program: Years of Service Match 4-5 Years $250 match 6-14 Years $600 match 15-19 Years $1000 match 20+ Years $1500 match
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Tax Deferred Matching Contribution Plan. Employees with at least five (5) years of employment in the District are eligible to participate in the tax- deferred matching contribution plan. Eligible employees may only begin receiving the matching contribution on their first paycheck following July 1st. The plan shall be approved and subject to applicable provisions of Minnesota Statues and IRS Code Section 403(b) or IRS Code Section 457, and any amendments thereto. The District contribution of $2,520.00 per year effective July 1, 2022 and $2,556.00 per year effective July 1, 2023 is payable up to the amount that the employee authorizes a matching salary reduction. This matching contribution will be prorated to the CFA’s FTE. The District contribution and matching employee contribution will be made to a company of the employee’s choice from the District list of eligible tax shelter companies. It is the responsibility of the employee to make all arrangements required by the vendor to insure that proper payment is made by the District. Participation in the plan is voluntary. SECTION 12‌
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Tax Deferred Matching Contribution Plan. Subd. 1. The School District shall contribute an amount equal to the employee’s contribution in a tax deferred matching contribution plan. The employee must have completed the probationary period to be eligible. The District contribution will be based on the employee’s years of service in the District and shall not exceed the following amounts: Years of Service in the District: Employer Match
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Tax Deferred Matching Contribution Plan. An employee may contribute a portion of his or her base salary to the employee’s retirement contribution plans, either tax-deferred or not tax-deferred, subject to the following subsections.
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Tax Deferred Matching Contribution Plan 
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Related to Tax Deferred Matching Contribution Plan

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • 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:

  • 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.

  • 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:

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • 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.

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