Common use of 403B Contribution Clause in Contracts

403B Contribution. The District will make an annual, non-elective employer contribution to the Director’s 403(b) account in the amount of 1.5% of the Director’s current annual base salary. Such payment shall be made on or about May 15th of each year. It is understood that the Director agrees to indemnify and save the District harmless against any and all claims and/or liabilities, including attorney’s fees, that arise out of or by reason of action taken or not taken by the District for the purpose of complying with this provision.

403B Contribution. The District will make an annual, non-elective employer contribution to the Director’s 's 403(b) account in the amount of 1.5% of the Director’s 's then-current annual base salary. Such payment shall be made on or about May 15th of each year. It is understood that the Director agrees to indemnify and save the District harmless against any and all claims and/or liabilities, including attorney’s 's fees, that arise out of or by reason of action taken or not taken by the District for the purpose of complying with this provision.

403B Contribution. The District will make an annual, non-elective employer contribution to the Executive Director’s 's 403(b) account in the amount of 1.5% of the Executive Director’s 's then-current annual base salary. Such payment shall be made on or about May 15th 15 of each year. It is understood that the Executive Director agrees to indemnify and save the District harmless against any and all claims and/or liabilities, including attorney’s ▇▇▇▇▇▇▇'s fees, that arise out of or by reason of action taken or not taken by the District for the purpose of complying with this provision.