Common use of Employer Payment of Employee Contributions Clause in Contracts

Employer Payment of Employee Contributions. If for any reason the six percent (6%) payment of the employee contribution by Western Oregon University described in A and B above is declared invalid or is otherwise eliminated, then effective on the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees. In such case, employees’ six percent (6%) contributions shall be deducted for payment to the applicable employee accounts and shall be treated as "pre-tax" contributions pursuant to Internal Revenue Code Section 414(h)(2).

Appears in 6 contracts

Samples: digitalcommons.wou.edu, Collective Bargaining Agreement, Collective Bargaining Agreement

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Employer Payment of Employee Contributions. If for any reason the six percent (6%) payment of the employee contribution by Western Oregon University described in A (A) and B (B) above is declared invalid or is otherwise eliminated, then effective on the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees. In such case, employees’ six percent (6%) contributions shall be deducted for payment to the applicable employee accounts and shall be treated as "pre-tax" contributions pursuant to Internal Revenue Code Section 414(h)(2).

Appears in 5 contracts

Samples: Letter of Agreement, digitalcommons.wou.edu, Letter of Agreement

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Employer Payment of Employee Contributions. If for any reason the six percent (6%) payment of the employee contribution by Western Oregon University described in A and B above is declared invalid or is otherwise eliminated, then effective on the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees. In such case, employees’ six percent (6%) contributions shall be deducted for payment to the applicable employee accounts and shall be treated as "pre-pre- tax" contributions pursuant to Internal Revenue Code Section 414(h)(2).

Appears in 1 contract

Samples: Collective Bargaining Agreement

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