Common use of Method of Pay-out Clause in Contracts

Method of Pay-out. a. Subject to the limitations listed below, the school district will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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Method of Pay-out. a. a) Subject to the limitations listed below, the school district School District will contribute an amount equal to the value of the employeehealth associate’s severance pay directly into the School Board approved 403b vendor account. The retiree will not receive any direct payment from the school district School District for the severance pay.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

Method of Pay-out. a. a) Subject to the limitations listed below, the school district School District will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b 403(b) vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 2 contracts

Samples: Agreement, Agreement

Method of Pay-out. a. a) Subject to the limitations listed below, the school district will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 2 contracts

Samples: Agreement, Agreement

Method of Pay-out. a. Subject to the limitations listed below, the school district will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b vendor account. The retiree will not receive any direct payment from the school district for the severance pay.. The school district’s annual contribution into the School Board approved 403b vendor account must not exceed the IRS contribution

Appears in 2 contracts

Samples: Agreement, Agreement

Method of Pay-out. a. Subject to the limitations listed below, the school district School District will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b 403(b) vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 2 contracts

Samples: Agreement, Agreement

Method of Pay-out. a. (a) Subject to the limitations listed below, the school district will contribute an amount equal to the value of the employee’s severance pay directly into the School Board board approved 403b 403 (b) vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 2 contracts

Samples: Agreement, Agreement

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Method of Pay-out. a. A. Subject to the limitations listed below, the school district School District will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b vendor account. The retiree will not receive any direct payment from the school district School District for the severance pay.

Appears in 1 contract

Samples: Agreement

Method of Pay-out. a. A. Subject to the limitations listed below, the school district will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 1 contract

Samples: Agreement

Method of Pay-out. a. (a) Subject to the limitations listed below, the school district will contribute an amount equal to the value of the employee’s severance pay directly into the School Board approved 403b 403 (b) vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 1 contract

Samples: Agreement

Method of Pay-out. a. A. Subject to the limitations listed below, the school district will contribute an amount equal to the value of the employee’s severance pay directly into the School Board board approved 403b 403 (b) vendor account. The retiree will not receive any direct payment from the school district for the severance pay.

Appears in 1 contract

Samples: Agreement

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