Common use of Voluntary Tax Sheltered Annuities Clause in Contracts

Voluntary Tax Sheltered Annuities. ‌ An Officer may, subject to the provisions of the Internal Revenue Code, the California Revenue and Taxation Code, and the Education Code voluntarily elect to purchase a tax-sheltered annuity or annuities and enter into a written agreement for this purpose and effect a corresponding reduction in his salary.

Voluntary Tax Sheltered Annuities. ‌ An Officer may, subject to the provisions of the Internal Revenue Code, the California Revenue and Taxation Code, and the Education Code voluntarily elect to purchase a tax-sheltered annuity or annuities and enter into a written agreement for this purpose and effect a corresponding reduction in his salary.