TAX SHELTERED COMPENSATION Sample Clauses

TAX SHELTERED COMPENSATION. The District will pay an annual amount for ten and one-half (10 ½) month, eleven
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TAX SHELTERED COMPENSATION. The District will pay an annual amount of for ten and one-half (10 ½) month, eleven (11) month, and twelve month administrators in the Special Pay Plan (401a). The plan will be subject to the following restrictions: 1. The District will pay the full amount of the tax-sheltered income on a payroll check prior to November 1, when possible, of each school year. 2. The Administrator must select a Special Pay Plan (401a) provided by the District. No options will be considered. 3. Administrators on a leave of absence, for any reason, will not receive this benefit while on the leave. TSA SCHEDULE: 11 Mo. & $3,815 $3,915 $4,015 H. TERMINAL LEAVE PAYMENT In recognition of service to the District, a terminal leave payment of three hundred fifteen ($315) dollars per year of service will be paid to an Administrator upon severance of employment. To be eligible, the employee shall have been employed by the District for at least ten (10) years of service to Rochester Community Schools, and a minimum of five (5) years serving as an Administrator. The maximum payment for this provision is $7,500.00. I. WORK YEAR for 2014-15 : Work Days Elementary Principal 206 Holidays 12 Paid Days 218 Elementary Assistant Principal 201 12 213 Middle School Principal 223-226 12 235-238 Middle School Assistant Principal 201 12 213 High School Principal 223-226 12 235-238 High School Asst. Principal (12 mo.) 223-226 12 235-238 High School Asst. Principal (11 mo.) 211 12 223 Assistant Director 223-226 12 235-238 Principal at ACE/Summer Learning Prog. 223-226 12 235-238 J. WORK YEAR beginning July 1, 2015: Below is a table that sets forth the number of actual days worked by administrators during annual employment period covered by this Agreement. Administrators working less than twelve (12) months normally will not be scheduled to work during a vacation schedule in the school calendar. Elementary Principal 211+12 holidays=223 8/1 through 6/30 Elementary Assistant Principal 206+12 holidays=218 8/1 through 6/30 Middle School Principal 229+12 holidays=241 7/1 through 6/30 Middle School Assistant Principal 206+12 holidays=218 8/1 through 6/30 High School Principal 229+12 holidays=241 7/1 through 6/30 High School AP(12 mo.)for through 15/16 229+12 holidays=241 7/1 through 6/30 High School AP(11 mo.)for through 15/16 216+12 holidays=228 7/1 through 6/30 High School AP beginning 16-17 221+12 holidays=233 7/1 through 6/30 Assistant Director 229+12 holidays=241 7/1 through 6/30 Principal at ACE/Summer ...
Sample 1
TAX SHELTERED COMPENSATION. The District will pay an annual amount of for ten and one-half (10 ½) month, eleven (11) month, and twelve month administrators in the Special Pay Plan (401a). The plan will be subject to the following restrictions: 1. The District will pay the full amount of the tax-sheltered income on a payroll check prior to November 1, when possible, of each school year. 2. The Administrator must select a Special Pay Plan (401a) provided by the District. No options will be considered. 3. Administrators on a leave of absence, for any reason, will not receive this benefit while on the leave. TSA SCHEDULE: 11 Mo. & $3,815 $3,915 $4,015 H. TERMINAL LEAVE PAYMENT In recognition of service to the District, a terminal leave payment of three hundred fifteen ($315) dollars per year of service will be paid to an Administrator upon severance of employment. To be eligible, the employee shall have been employed by the District for at least ten (10) years of service to Rochester Community Schools, and a minimum of five
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Related to TAX SHELTERED COMPENSATION

  • 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 Sheltered Annuities The SPS shall continue to comply with the law(s) regarding Tax Sheltered Annuities.

  • Tax Sheltered Annuity Voluntary adjunct employee salary reductions for Internal Revenue Code Section 403(b) tax-sheltered annuities and 457(b) deferred compensation shall be available to adjunct employees covered by this Agreement. Contracts shall be arranged individually through the Office of the Executive Vice President for Finance and Administrative Services or designee subject to regulation by the College.

  • Fixed Compensation Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.

  • Unemployment Compensation The Contractor shall be solely responsible for the unemployment compensation payments on behalf of their employees and personnel. The Contractor shall not be entitled to unemployment compensation in connection with the Services performed under this Agreement.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • REFUND OF UNEARNED COMPENSATION The Party of the Second Part agrees to refund the Party of the First Part any compensation received for which no services were rendered. TERMINATION: This contract may be terminated by either party pursuant to law. OTHER CONDITIONS: Any subsequent contracts shall supersede the provisions of this contract. PARTIES: The Fort Xxxxx School District 100, Party of the First Part, and XXXXX XXXXX XXXXX Party of the Second Part, agree as follows:

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • 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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