Tax Deferred Plan II. Subd. 1. The School District will contribute 3.275 percent of gross salary per pay period to a tax-deferred matching contribution plan, as permitted by Minn. Stat. § 356.24, for each teacher, provided that:
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.
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.