Salary Offset Clause Samples
A Salary Offset clause allows an employer to deduct certain amounts from an employee’s salary to recover debts or overpayments owed by the employee. Typically, this clause outlines the circumstances under which deductions can be made, such as for advances, mistaken payments, or other financial obligations, and may specify limits or procedures for such offsets. Its core practical function is to provide a clear mechanism for employers to recoup funds directly from wages, thereby reducing administrative burdens and ensuring financial accountability.
Salary Offset. For purposes of Sections 10 and 11 of this Agreement, regardless of whether the Company offsets any amount against the Employee's salary as a Salary Offset, the Employee's Base Salary shall equal $150,000. The Board shall review, not less often than annually, the rate of the Employee's salary, and, in its sole discretion, may decide to increase his salary;
Salary Offset. In the event that salary offset is requested by the Bank for collection of your account balance, and unless prohibited by your Agency/Organization, a fee will be assessed to your account. The amount of the fee appears on the accompanying Table of Fees and Charges.
Salary Offset. 1150.20 What debts are included or excluded from coverage of these regulations on salary offset?
(a) The regulations in this subpart provide Endowment procedures for the collection by salary offset of a Federal employee’s pay to satisfy certain debts owed to the Endowment or to other Federal agencies.
(b) The regulations in this subpart do not apply to any case where collection of a debt by salary offset is explicitly provided for or prohibited by another statute.
(c) Nothing in the regulations in this subpart precludes the compromise, sus- pension, or termination of collection actions under the Federal Claims Col- lection Act of 1966, as amended, or the Federal Claims Collection Standards.
Salary Offset. Employer shall offset against the Commissions paid pursuant to the Commission 2 Initial ISH Initial YS Structure all Salary paid pursuant to paragraph 3.1 above.
Salary Offset. When the debtor is an employee, or a member of the Armed Forces or a reserve component of the Armed Forces, OPM may effect collection action by offset of the debt- or’s pay in accordance with 5 U.S.C. 5514 and 5 CFR 550.1101 et seq. Due proc- ess described in § 831.1304 will apply.