Common use of 403B Contribution Clause in Contracts

403B Contribution. A monthly 403B contribution in the amount of $100/month ($1,200/year) will be given to current full time employees covered in the bargaining unit. This amount will be prorated based on each employee’s contractual FTE (eg. .5 employees will receive $50.00/ month). Every eligible employee is required to notify the Business Office to advise the Office of the entity that is to receive the 403B contribution. If an employee fails to notify the Business Office of the entity that is to receive the 403B contribution, the Business Office will send a written reminder to the employee. If, within ten (10) duty days of the date on which the Business Office has mailed the reminder to the employee, the employee fails to advise the Business Office of the entity which is to receive the contribution, the employee will forfeit all rights to receive the 403B contribution for that year.

403B Contribution. A monthly 403B contribution in the amount of $100120/month ($1,2001,440/year) will be given to current full full- time employees covered in the bargaining unit. This amount will be prorated based on each employee’s contractual FTE (eg. e.g..: .5 employees will receive $50.00/ 60.00 / month). Every eligible employee is required to notify the Business Office to advise the Office of the entity that is to receive the 403B contribution. If an employee fails to notify the Business Office of the entity that is to receive the 403B contribution, the Business Office will send a written reminder to the employee. If, within ten (10) duty days of the date on which the Business Office has mailed the reminder to the employee, the employee fails to advise the Business Office of the entity which is to receive the contribution, the employee will forfeit all rights to receive the 403B contribution for that year.

403B Contribution. A monthly 403B contribution in the amount of $100130/month ($1,2001,560/year) will be given to current full full- time employees covered in the bargaining unit. This amount will be prorated based on each employee’s contractual FTE (eg. e.g..: .5 employees will receive $50.00/ 60.00 / month). Every eligible employee is required to notify the Business Office to advise the Office of the entity that is to receive the 403B contribution. If an employee fails to notify the Business Office of the entity that is to receive the 403B contribution, the Business Office will send a written reminder to the employee. If, within ten (10) duty days of the date on which the Business Office has mailed the reminder to the employee, the employee fails to advise the Business Office of the entity which is to receive the contribution, the employee will forfeit all rights to receive the 403B contribution for that year.

403B Contribution. A monthly 403B contribution in the amount of $100120/month ($1,2001,440/year) will be given to current full time employees covered in the bargaining unit. This amount will be prorated based on each employee’s contractual FTE (eg. .: .5 employees will receive $50.00/ 60.00 / month). Every eligible employee is required to notify the Business Office to advise the Office of the entity that is to receive the 403B contribution. If an employee fails to notify the Business Office of the entity that is to receive the 403B contribution, the Business Office will send a written reminder to the employee. If, within ten (10) duty days of the date on which the Business Office has mailed the reminder to the employee, the employee fails to advise the Business Office of the entity which is to receive the contribution, the employee will forfeit all rights to receive the 403B contribution for that year.