Common use of Xxxxxxx Program - Requirements Clause in Contracts

Xxxxxxx Program - Requirements. The annuity program is available to all certificated professional employees of USD #377. Employees that wish to enter into annuity agreement with one of the approved companies must properly complete a Salary Reduction Agreement. If at any time the number of participants in any approved program drops below the five (5) member minimum, the remaining employees will be required to select an approved company for any future contributions. Both tax sheltered and XXXX annuities are available. Administration of the tax sheltered and XXXX 403 (b) plans is handled by a third party administrator.

Appears in 4 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement

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