DEFERRED COMPENSATION (457 PLAN) Sample Clauses

DEFERRED COMPENSATION (457 PLAN). 1. Employees of the Participant may participate in the County’s deferred compensation plan (“457 Plan”), the 457 Plan is a retirement plan offered to public employees to set aside money from each paycheck toward retirement. The County does not match or provide any contributions into the 457 Plan.
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DEFERRED COMPENSATION (457 PLAN). 49.01 The Employer shall provide, at no cost to the Union or to the employee, an additional payroll deduction field (option/slot) for any employee who wishes to participate in the Ohio Association of Professional Fire Fighters Deferred Compensation Plan (“Plan”) which is an eligible deferred compensation plan under 26 U.S. Code § 457 – Deferred compensation plans of State and local governments and tax- exempt organizations.
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DEFERRED COMPENSATION (457 PLAN). ‌ Employees may voluntarily elect to participate in the City’s 457 deferred compensation plan at their own expense. No City contribution will be made for voluntary participation.
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DEFERRED COMPENSATION (457 PLAN). The District shall continue to provide a voluntary deferred compensation 457 plan to Eligible Employees. Effective with the first full pay period after January 2020, the District shall make a matching contribution equal to 25% of the employee’s contribution, not to exceed $1000.00 per calendar year. (Example – employee contributes $2,000.00 to the deferred compensation/457 Plan between January 1-December 31. The District shall be obligated to pay 25% of $2,000.00 ($500.00) into the employee’s account). The District shall make its contribution at the end of the calendar year. Upon retirement or termination employees may choose to withdraw the money from their account, but penalties may apply based on their age, etc. Employees will be provided with the name of the individual administering the deferred compensation plan on the District’s behalf upon request. Employees may request withdrawal of deferred compensation funds due to “unforeseeable emergencies”. Each request for withdrawal of funds shall be considered on a case-by-case basis. The General Manager will review the details surrounding the request and after consultation with the District’s auditors, the deferred compensation plan administrator, the IRS, and/or other similar experts, shall approve or disapprove the request for withdrawal.
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Related to DEFERRED COMPENSATION (457 PLAN)

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

  • Deferred Compensation Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representative, on behalf of the Underwriters, the Deferred Discount. Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its Initial Business Combination within the time period prescribed in the Amended and Restated Certificate of Incorporation, the Deferred Discount will not be paid to the Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such liquidation distribution, the Underwriters will forfeit any rights or claims to the Deferred Discount.

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

  • Deferral Plan The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.

  • ' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Deferrals If permitted by the Company, the Participant may elect, subject to the terms and conditions of the Plan and any other applicable written plan or procedure adopted by the Company from time to time for purposes of such election, to defer the distribution of all or any portion of the shares of Common Stock that would otherwise be distributed to the Participant hereunder (the “Deferred Shares”), consistent with the requirements of Section 409A of the Code. Upon the vesting of RSUs that have been so deferred, the applicable number of Deferred Shares shall be credited to a bookkeeping account established on the Participant’s behalf (the “Account”). Subject to Section 5 hereof, the number of shares of Common Stock equal to the number of Deferred Shares credited to the Participant’s Account shall be distributed to the Participant in accordance with the terms and conditions of the Plan and the other applicable written plans or procedures of the Company, consistent with the requirements of Section 409A of the Code.

  • Deferred Salary Scheme Employees may apply to have their salary payments deferred in accordance with the provisions of this clause.

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

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