Section 457 Plan Sample Clauses

Section 457 Plan. The Board will offer an approved Section 457 Plan to all employees.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Section 457 Plan. Effective July 1, 2003 teachers retiring or terminating employment with compensation due in connection with unused personal leave, sick leave or other separation payments will be paid in the form of deferred compensation through a defined 401(A) special pay plan with a third party administrator. Employees are immediately 100% vested in all contributions to the plan.
Sample 1Sample 2Sample 3
Section 457 Plan. Employees of the City shall be afforded the option of participating in an IRS qualified retirement program governed by the Internal Revenue Code 457 offered to other City employees, which shall include the IAFF Financial Corporation 457 Plan, provided it is and remains IRS qualified. Employees will be entitled to transfer 457 Plan assets to the plan of choice without penalty by the City. Any additional cost of this IAFF 457 Plan over and above the cost of the current plans shall be borne by the Union. Unless otherwise provided by applicable law, the City shall have no obligation under this IAFF 457 Plan other than to make employee contributions to the Plan from the employee’s City earnings as allowed by law and as directed in writing by the employee.
Sample 1Sample 2
Section 457 Plan. The Town will provide a payroll deduction program for the police officer's benefit and for the police officer's participation in an Internal Revenue Code § 457 Plan. The Town and the Club agree that the Town's only expense in establishing and participating in the Plan will be the cost of the payroll deduction. Any additional cost or expense, in the establishment of the I.RC. § 457 Plan, will be the cost and expense of the Club.
Sample 1Sample 2
Section 457 Plan. The Board will establish and maintain an IRS Section 457 plan for teachers, provided that any administrative costs of such plan shall be borne by the participants.
Sample 1
Section 457 Plan. The District will offer a Section 457 I.R.C. Deferred Compensation Program to each administrator and supervisor as of the 2011-2012 benefit year. The bargaining unit employees shall not incur any costs associated with their participation in the I.R.C. 457 plan.
Sample 1

Related to Section 457 Plan

  • Section 125 Plan The Trustees shall continue the Section 125 plan to allow pretax treatment of the employee’s share of health and dental insurance premiums. The plan will be available as soon as practicable, but no later July 1, 1998. The plan will be amended to include a medical reimbursement account and a dependent care reimbursement account to be available for enrollment no earlier than July 1, 2003, but no later than December 31, 2003.

  • SEB Plan The parties agree to establish and administer a Supplemental Employment Benefits Plan (the “Plan”) as follows:

  • Section 4.5 37 The President of the Association and designated representatives will be provided time off without loss of 38 pay to a maximum of three (3) days per year to attend regional or State meetings when the purpose of 39 those meetings is in the best interests of the District as determined by the District administration.

  • The Plan This Plan is the Fund's written distribution and service plan for Class N shares of the Fund (the "Shares"), contemplated by Rule 12b-1 as it may be amended from time to time (the "Rule") under the Investment Company Act of 1940 (the "1940 Act"), pursuant to which the Fund will compensate the Distributor for its services in connection with the distribution of Shares, and the personal service and maintenance of shareholder accounts that hold Shares ("Accounts"). The Fund may act as distributor of securities of which it is the issuer, pursuant to the Rule, according to the terms of this Plan. The terms and provisions of this Plan shall be interpreted and defined in a manner consistent with the provisions and definitions contained in (i) the 1940 Act, (ii) the Rule, (iii) Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., or any applicable amendment or successor to such rule (the "NASD Conduct Rules") and (iv) any conditions pertaining either to distribution-related expenses or to a plan of distribution to which the Fund is subject under any order on which the Fund relies, issued at any time by the U.S. Securities and Exchange Commission ("SEC").

  • Section 4.2 1.II Dispute Resolution Procedures is amended to insert the following paragraph to Section 4.2.1.II.A.(4): The Formal Dispute Process set forth in this section II(B) does not apply to formal disputes arising out of an Authorized User Mini-Bid or Authorized User Agreement. Formal disputes between the Contractor and the Authorized User arising out of an Authorized User Mini-Bid or Authorized User Agreement are to be handled in accordance with the process specified by the Authorized User for disputes. See Section 6.12 Mini-Bid Dispute Resolution Process.

  • Section 4.3 11 The Association reserves and retains the right to delegate any right or duty contained herein to appropriate 12 officials of the Public School Employees of Washington State Organization.

  • Section 6.3 7 Visitation rights shall be granted to the designated representative of the Public School Employees of 8 Washington to visit with employees in the appropriate bargaining units for purposes of grievance 9 procedures and/or general information data. The visiting delegate shall notify the School District of 10 his/her arrival. The visitation rights shall not interfere with the employees normal work routine.

  • 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.

  • Section 7.4 43 In the event an employee is assigned to a shift less than the normal work shift previously 44 defined in this Article, the employee shall be given a fifteen (15) minute rest period for each 45 consecutive/continuous four (4) hours of work. Employees assigned six (6) or more hours shall 46 be given two (2) 15-minute rest periods and an unpaid lunch period.

  • Section 14.2 16 All employees subject to this Agreement who are not members of the Association on the effective date of 17 this Agreement, and all employees subject to this Agreement who are hired at a time subsequent to the 18 effective date of this Agreement, shall, as a condition of employment, become members in good standing 19 of the Association within thirty (30) days of the effective date of this Agreement or within thirty (30) days 20 of the hire date, whichever is applicable. Such employee shall then maintain membership in the 21 Association in good standing during the period of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.