Common use of Tax Sheltered Program Clause in Contracts

Tax Sheltered Program. (401-k) The City will continue to make available during the term of this agreement the opportunity for all employees who have completed their probationary period to participate through payroll deduction in a deferred compensation plan (Section 401-k plan or Section 457 plan) developed and administered, whose cost shall be borne by the City, by a carrier designated by the City.

Tax Sheltered Program. (401-k) k)‌ The City will continue to make available during the term of this agreement the opportunity for all employees who have completed their probationary period to participate through payroll deduction in a deferred compensation plan (Section 401-k plan or Section 457 plan) developed and administered, whose cost shall be borne by the City, by a carrier designated by the City.