Common Contracts
1 similar Compensation Agreement contracts
Charter Township of OrionCompensation Agreement • April 4th, 2005
AN ORDINANCE TO ESTABLISH A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457 OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED, FOR OFFICERS, OFFICIALS AND EMPLOYEES OF THE TOWNSHIP OF ORION AND TO AUTHORIZE THE TOWNSHIP SUPERVISOR AND THE TOWNSHIP CLERK TO ENTER INTO AN AGREEMENT IN THE NAME OF THE TOWNSHIP WITH OFFICERS, OFFICIALS AND EMPLOYEES OF THE TOWNSHIP WHO ARE PARTICIPANTS IN THE PLAN; TO DEFINE THOSE PERSONS WHO SHALL BE ELIGIBLE TO PARTICIPATE IN SUCH PLAN; TO ESTABLISH THE TERMS OF SAID AGREEMENT INCLUDING LIMITATIONS ON AMOUNTS TO BE DEFERRED; TO ESTABLISH THE MANNER OF PAYMENT OF AMOUNTS DEFERRED UNDER SAID AGREEMENT; TO REPEAL ALL ORDINANCES OR PARTS OR PORTIONS OF ALL ORDINANCES INCONSISTENT HEREWITH AND TO SET AN EFFECTIVE DATE FOR SAID ORDINANCE. THE TOWNSHIP OF ORION, OAKLAND COUNTY, MICHIGAN, ORDAINS:
