Common use of Match Requirements Clause in Contracts

Match Requirements. a. The District match payment will be made on a per teacher maximum determined through the use of the following formula: $1,600,000 divided by the prior calendar year’s number of teacher tax-deferred savings plan participants minus the teachers no longer actively working. (The definition of teachers not actively working is comprised of teacher terminations and teachers who are on unpaid leave who have a return to work date after the current school year.) Effective January 1, 2021, the District match payment will pay an annual match payment of up to $2,000 for participating employees.

Match Requirements. a. The District match payment will be made on a per teacher maximum determined through the use of the following formula: $1,600,000 divided by the prior calendar year’s number of teacher tax-deferred savings plan participants minus the teachers no longer actively working. (The definition of teachers not actively working is comprised of teacher terminations and teachers who are on unpaid leave who have a return to work date after the current school year.) Effective January 1, 2021, the District match payment will pay an annual match payment of up to $2,000 for participating employees.)