403(b) Plan. The Board shall provide the administrator the opportunity to participate in a voluntary tax sheltered 403(b) program, subject to Internal Revenue Service regulations. Except for changes required by the IRS or other regulatory entity, changes to the plan document or to the adoption agreement shall be made only upon the recommendation of a committee comprised of three (3) members appointed by the Board and three (3) teachers appointed by the association; all members of the committee must be current plan participants.
Appears in 3 contracts
Sources: Athletic Director/Corporation Title Ix Coordinator Contract of Employment, Athletic Director/Corporation Title Ix Coordinator Contract of Employment, Athletic Director/Corporation Title Ix Coordinator Contract of Employment