Cancel Contribution. By this Agreement made between Utah State University and the Employee, the Parties agree as follows: With respect to amounts paid or otherwise made available on or after the Effective Date (which date is in the month following the execution of this Agreement), the amounts indicated below will be deducted from the Employee’s monthly salary on an after-tax basis. The University will forward the amount of such deduction to the Employee’s designated Xxxx 457(b) account as designated by the Employee. *Catch-up Rule: If you are or will be age 50 or older during the year, you may contribute an additional amount of $6,500 in addition to the Annual Maximum Contribution amount listed below.
Appears in 3 contracts
Samples: Usu Distribution Agreement, Usu Distribution Agreement, Usu Distribution Agreement
Cancel Contribution. By this Agreement made between Utah State University and the Employee, the Parties agree as follows: With respect to amounts paid or otherwise made available on or after the Effective Date (which date is in the month following subsequent to the execution of this Agreement), the amounts indicated below will be deducted from the Employee’s monthly salary on an after-tax basis. The shall be reduced by the amounts indicated below, and at the same time the University will forward the amount of such deduction reduction to the Employee’s designated Xxxx 457(b403(b) account or 401(k) investment program as designated by the Employee. *Catch-up Rule: Up Rule If you are or will be age 50 or older during the year, you may contribute an additional amount of up to $6,500 per year in addition to the Maximum Annual Maximum Contribution amount listed belowamount.
Appears in 3 contracts
Samples: Reduction Agreement, Reduction Agreement, Reduction Agreement
Cancel Contribution. By this Agreement made between Utah State University and the Employee, the Parties agree as follows: With respect to amounts paid or otherwise made available on or after the Effective Date (which date is in the month following the execution of this Agreement), the amounts indicated below will be deducted from the Employee’s monthly salary on an after-tax basis. The University will forward the amount of such deduction to the Employee’s designated Xxxx 457(b) account as designated by the Employee. *Catch-up Rule: If you are or will be age 50 or older during the year, you may contribute an additional amount of ($6,500 6,000 in 2018) in addition to the Annual Maximum Contribution amount listed below.
Appears in 2 contracts
Samples: Usu Distribution Agreement, Usu Distribution Agreement
Cancel Contribution. By this Agreement made between Utah State University and the Employee, the Parties agree as follows: With respect to amounts paid or otherwise made available on or after the Effective Date (which date is in the month following subsequent to the execution of this Agreement), the amounts indicated below will be deducted from the Employee’s monthly salary on an after-tax basis. The shall be reduced by the amounts indicated below, and at the same time the University will forward the corresponding amount of such deduction reduction to the Employee’s designated Xxxx 457(b) account as designated by the Employeeemployee. *Catch-up Up Rule: If you are or will be age 50 or older during the year, you may contribute an additional amount of up to $6,500 per year in addition to the Annual Maximum Contribution amount listed belowamount.
Appears in 2 contracts
Samples: Usu Salary Reduction Agreement, Usu Salary Reduction Agreement
Cancel Contribution. By this Agreement made between Utah State University and the Employee, the Parties agree as follows: With respect to amounts paid or otherwise made available on or after the Effective Date (which date is in the month following subsequent to the execution of this Agreement), the amounts indicated below will be deducted from the Employee’s monthly salary on an after-tax basis. The shall be reduced by the amounts indicated below, and at the same time the University will forward the amount of such deduction reduction to the Employee’s designated Xxxx 457(b403(b) account or 401(k) investment program as designated by the Employee. *Catch-up Rule: Up Rule If you are or will be age 50 or older during the year, you may contribute an additional amount of up to $6,500 6,000 per year in addition to the Maximum Annual Maximum Contribution amount listed belowamount.
Appears in 2 contracts
Samples: Reduction Agreement, Reduction Agreement
Cancel Contribution. By this Agreement made between Utah State University and the Employee, the Parties agree as follows: With respect to amounts paid or otherwise made available on or after the Effective Date (which date is in the month following subsequent to the execution of this Agreement), the amounts indicated below will be deducted from the Employee’s monthly salary on an after-tax basis. The shall be reduced by the amounts indicated below, and at the same time the University will forward the corresponding amount of such deduction reduction to the Employee’s designated Xxxx 457(b) account as designated by the Employeeemployee. *Catch-up Up Rule: If you are or will be age 50 or older during the year, you may contribute an additional amount of up to $6,500 6,000 per year in addition to the Annual Maximum Contribution amount listed belowamount.
Appears in 2 contracts
Samples: Usu Salary Reduction Agreement, Usu Salary Reduction Agreement