Common use of Employer Contributions Clause in Contracts

Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salary. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.

Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s ’s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s ’s biweekly salary. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.

Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salarybi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.

Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salarybi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.

Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s ’s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salary’s bi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.

Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salarybi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.