Salary Reduction Agreement definition

Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

Salary Reduction Agreement means an agreement between a district and an employee to reduce the employee’s salary for the purpose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

Salary Reduction Agreement means the actual or deemed agreement pursuant to which an eligible Employee or Participant elects to contribute his share of the cost of chosen Benefit Package Options with Pre-tax or After-tax Contributions and/or Benefit Credits (if offered under the Plan) in accordance with Article III herein. If the Employer utilizes an interactive voice response (IVR) system or web-based program for enrollment, the Salary Reduction Agreement may be maintained on an electronic database in accordance with all applicable federal and/or state laws.

Examples of Salary Reduction Agreement in a sentence

• All members shall be eligible to participate in the Plan through a Salary Reduction Agreement.

• The instructions on the reverse side of this form are an integral part of this agreement and provide essential information for understanding MSU’s 403(b) Plan and for completing the Salary Reduction Agreement.

• AGENT'S PRINTED NAME PHONENUMBER SIGNATURE Reset Form MISSISSIPPI STATE UNIVERSITY Salary Reduction Agreement Instructions (Revised 01/2023) General: These instructions have been established to expedite the processing of the Salary Reduction Agreement (SRA).

• This Agreement shall terminate any prior Salary Reduction Agreement executed between Employee and Employer under Employer’s Section 403(b) program.

• Employee Signature Date Part 6 Employers Signature Employer hereby agrees to the Salary Reduction Agreement.

More Definitions of Salary Reduction Agreement

Salary Reduction Agreement means an agreement between the Employer and an Eligible Employee as set forth in Sections 3.01(b) and 5.04 pursuant to which the Eligible Employee authorizes the Employer to withhold a specified percentage of his or her Compensation (otherwise payable in cash) for deposit to the Plan on behalf of such Employee.

Salary Reduction Agreement means an agreement between a Participant and the Company, under which the Participant agrees to a reduction in his Compensation and the Company agrees to credit him with Salary Reduction Accruals under this Plan.

Salary Reduction Agreement means the agreement between the Participant and the Employer whereby the Participant directs the Employer to contribute a designated percentage of his Base Pay to the Trust.

Salary Reduction Agreement means a written agreement between a Participant and the Employer, by which the Employer reduces the Participant's Compensation for Compensation not available as of the date of the election and contributes the amount as a Salary Reduction Contribution to the Participant's Account.

Salary Reduction Agreement. The Salary Reduction Agreement described in Article 3.2.

Salary Reduction Agreement means an agreement entered into between an Employee and the Employer pursuant to Section 4.01. Such agreement shall not be effective with respect to Compensation made available prior to the effective date of such agreement and shall be binding on the parties and irrevocable with respect to Compensation earned while it is in effect.

Salary Reduction Agreement means the written salary reduction agreement entered into by a Participant with the Company pursuant to the Plan.