Common use of Texas Teacher Retirement System Clause in Contracts

Texas Teacher Retirement System. For performance of Superintendent duties, the District shall supplement the Superintendent's salary by an amount equal to the Superintendent's portion of the member contribution to the Texas Teacher Retirement System (“TRS”) during the Term of this Contract, including any extensions thereof. This supplement shall include both the retirement and TRS-Care parts of the TRS member contribution, as applicable. This additional salary supplement for services rendered shall be paid to the Superintendent in regular monthly payroll installments and shall be reported as "creditable compensation" by the District for purposes of TRS, to the extent permitted by TRS.

Appears in 2 contracts

Samples: Superintendent Employment Contract, Superintendent Employment Contract

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Texas Teacher Retirement System. For The District shall supplement the Superintendent’s annual salary, for performance of Superintendent duties, the District shall supplement the Superintendent's salary by an amount equal to the Superintendent's ’s portion of the member contribution to the Texas Teacher Retirement System (“TRS”) during the Term term of this Contract, including any extensions thereof. This supplement shall include both the retirement and TRS-Care parts of the TRS member contribution, as applicable. This The additional salary supplement for services rendered shall be paid to the Superintendent in regular monthly payroll installments and shall be reported as "creditable compensation" by the District for purposes of TRS, to the extent permitted permissible by TRS.

Appears in 1 contract

Samples: Superintendent Employment Contract

Texas Teacher Retirement System. For performance of Superintendent duties, the District shall supplement the Superintendent's salary by an amount equal to the Superintendent's portion of the member contribution to the Texas Teacher Retirement System (“TRS”) beginning on the first day of the term and continuing for each payroll during the Term term of this Contract, including any extensions thereof. This supplement shall include both the retirement and TRS-Care parts of the TRS member contribution, as applicable. This additional salary supplement for services rendered shall be paid to the Superintendent in regular monthly payroll installments and shall be reported as "creditable compensation" by the District for purposes of TRS, to the extent permitted by TRS.

Appears in 1 contract

Samples: Superintendent Employment Contract

Texas Teacher Retirement System. For performance of Superintendent duties, the District shall supplement the Superintendent's annual salary by an amount equal to 30% of the Superintendent's portion of the member contribution to the Texas Teacher Retirement System (“TRS”) during the Term of this Contract, including any extensions thereof. This supplement shall include both the retirement and TRS-Care parts of the TRS member contribution, as applicable. This additional salary supplement for services rendered shall be paid to the Superintendent in regular monthly payroll installments and shall be reported as "creditable compensation" by the District for purposes of TRS, to the extent permitted by TRS.

Appears in 1 contract

Samples: Superintendent Employment Contract

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Texas Teacher Retirement System. For performance of Superintendent dutiesDuring the Superintendent’s employment with the District, the District shall supplement the Superintendent's ’s annual salary by an amount equal to the Superintendent's ’s portion of the monthly member contribution to the Texas Teacher Retirement System (“TRS”) during the Term of this Contract, including any extensions thereof). This supplement shall include both the retirement and TRS-Care parts of the TRS member contribution, as applicable. This additional salary supplement for services rendered shall be paid to the Superintendent in regular monthly payroll installments and shall be reported as "creditable compensation" by the District for purposes of TRS, to the extent permitted by TRS.

Appears in 1 contract

Samples: Superintendent's Employment Contract

Texas Teacher Retirement System. For performance of Superintendent duties, the District shall supplement the Superintendent's salary by an amount equal to 71% of the Superintendent's portion of the member contribution to the Texas Teacher Retirement System (“TRS”) during the Term of this Contract, including any extensions thereof. This supplement shall include both the retirement and TRS-Care parts of the TRS member contribution, as applicable. This additional salary supplement for services rendered shall be paid to the Superintendent in regular monthly payroll installments and shall be reported as "creditable compensation" by the District for purposes of TRS, to the extent permitted by TRS.

Appears in 1 contract

Samples: Employment Contract

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