Tax Deferred Plan Sample Clauses

A Tax Deferred Plan clause establishes the terms under which contributions to a retirement or savings plan are made on a pre-tax basis, allowing taxes on earnings and contributions to be postponed until funds are withdrawn. Typically, this clause outlines eligibility requirements, contribution limits, and the types of plans covered, such as 401(k) or 403(b) accounts. By deferring taxes, the clause helps participants maximize their investment growth and manage their taxable income, addressing the need for long-term financial planning and tax efficiency.
Tax Deferred Plan. All employees may participate in the District’s 403(b) plan.
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Tax Deferred Plan. The Board and the Association agree that the provisions of this provision, as a tax deferred plan, must be in full compliance with Internal Revenue Service Ruling 81-36, and be in compliance with all applicable laws as well as the following provisions:
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Tax Deferred Plan. Effective October 1, 2007 the School District will provide teachers the opportunity to participate in a 457(b) Tax Deferred Plan.
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Related to Tax Deferred Plan

  • Tax-Deferred Earnings The investment earnings of your IRA are not subject to federal income tax until distributions are made (or, in certain instances, when distributions are deemed to be made).

  • 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 Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • 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.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.