Common use of Salary Reduction Election Clause in Contracts

Salary Reduction Election. An eligible employee may make an election to have his or her compensation for each pay period reduced. The total amount of the reduction in the employee’s compensation for a calendar year cannot exceed the applicable amount for that year.

Salary Reduction Election. An eligible employee may make an a salary reduction election to have his or her compensation for each pay period reducedreduced by a percentage. The total amount of the reduction in the employee’s 's compensation for a calendar year cannot exceed $6,000* for any calendar year. ------------- * This amount will be adjusted to reflect any annual cost-of-living increases announced by the applicable amount for that yearIRS.

Salary Reduction Election. An eligible employee may make an election to have his or her compensation for each pay period reduced. The total amount of the reduction in the employee’s compensation for a calendar year cannot exceed the applicable amount for that year. See instructions.

Salary Reduction Election. An eligible employee may make an a salary reduction election to have his or her compensation for each pay period reducedreduced by a percentage. The total amount of the reduction in the employee’s 's compensation for a calendar year cannot exceed $6,000* for any calendar year. ---------------- * This amount will be adjusted to reflect any annual cost-of-living increases announced by the applicable amount for that yearIRS.

Salary Reduction Election. An eligible employee may make an a salary reduction election to have his or her compensation for each pay period reducedreduced by a percentage. The total amount of the reduction in the employee’s 's compensation for a calendar year cannot exceed the applicable amount $6,000* for that any calendar year.