State Contribution to Deferred Compensation Plan Clause Samples

State Contribution to Deferred Compensation Plan. The Employer agrees to provide supervisors with a state-paid contribution to the State deferred compensation program under M.S. 352.96 or a tax-sheltered annuity contract as permitted by M.S. 356.24, subd. 1, paragraph 4. The state-paid contribution shall be in an amount matching supervisor contributions on a dollar for dollar basis, not to exceed three hundred dollars ($300) per supervisor per fiscal year. See Article 11, Section 3 for compensatory time bank conversion to deferred compensation. See also Article 8, Section 9 for vacation conversion to deferred compensation.
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State Contribution to Deferred Compensation Plan. Article 16, Section 15 is modified as follows:
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State Contribution to Deferred Compensation Plan. The Employer agrees to provide supervisors with a state-paid contribution to the State deferred compensation program under M.S. 352.965 or a tax-sheltered annuity contract as permitted by M.S. 356.24, subd. 1, paragraph 4. The state-paid contribution shall be in an amount matching supervisor contributions on a dollar for dollar basis, not to exceed four hundred dollars ($400) per supervisor per fiscal year.
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State Contribution to Deferred Compensation Plan. The Employer agrees to provide supervisors with a state-paid contribution to the State deferred compensation program under M.S. 352.96 or a tax-sheltered annuity contract as permitted by M.S. 356.24, subd. 1, paragraph 4. The state-paid contribution shall be in an amount matching supervisor contributions on a dollar for dollar basis, not to exceed two hundred dollars ($200) per supervisor in fiscal year 2008 and not to exceed three hundred dollars ($300) per supervisor starting in fiscal year 2009. See Article 11, Section 3 for compensatory time bank conversion to deferred compensation. See also Article 8, Section 9 for vacation conversion to deferred compensation.
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State Contribution to Deferred Compensation Plan. The Employer agrees to provide supervisors with a state-paid contribution to the State deferred compensation program under M.S.
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Related to State Contribution to Deferred Compensation 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 Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.