Salary offset definition

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Salary offset means the offset of current federal pay, including military retiree pay, through various means (i.e., TOP, internal offset, and direct agency-to-agency offsets), pursuant to 5 U.S.C. § 5514 and 5 CFR §§ 550.1101-550.1110. The term does not include offset of final lump sum payments of federal salaries (which is considered administrative offset).

Salary offset means an administrative offset to collect a debt pursuant to 5.U.S.C. 5514 by deduction)si at one or more officially established pay intervals from the current pay account of an employee without’his/ her consent.

Examples of Salary offset in a sentence

During any period prior to such termination during which you are unable to perform substantially such duties due to Disability, the Company shall continue to pay all amounts required to be paid under this Agreement (including without limitation your Base Salary), offset by any amounts payable to your under any disability insurance plan or policy provided by the Company, and the Company shall continue to provide all benefits to you hereunder.
Prior to a determination that Executive is Totally Disabled, but after Executive has exhausted all sick leave and vacation benefits provided by the Company, Executive shall continue to receive his Base Salary, offset by any disability benefits he may be eligible to receive.
Prior to a determination that the Executive is Totally Disabled, but after the Executive has exhausted all sick leave and vacation benefits provided by the Company, the Executive shall continue to receive his Base Salary, offset by any disability benefits he may be eligible to receive.
Prior to a determination that the Executive is Totally Disabled, but after the Executive has exhausted all sick leave and vacation benefits provided by the Company, the Executive shall continue to receive the Base Salary, offset by any disability benefits the Executive may be eligible to receive.
Prior to a determination that ▇▇▇▇▇▇ is Totally Disabled, but after ▇▇▇▇▇▇ has exhausted all sick leave and vacation benefits provided by the Company, ▇▇▇▇▇▇ shall continue to receive his Base Salary, offset by any disability benefits he may be eligible to receive, for the remaining term of this Agreement.
Prior to a determination that North is Totally Disabled, but after North has exhausted all sick leave and vacation benefits provided by the Company, North shall continue to receive his Base Salary, offset by any disability benefits he may be eligible to receive, for the remaining term of this Agreement.
If Executive is unable to work on account of illness or accidental injury, DRMS agrees to continue Executive's Base Salary (offset by the gross amount of any amounts payable under a DRMS disability or salary continuance program) and fringe benefits for a period at least equal to the number of days required to satisfy the qualifying period for benefits under the long-term disability policy sponsored by DRMS and then in effect.
Prior to a determination that West is Totally Disabled, but after West has exhausted all sick leave and vacation benefits provided by the Company, West shall continue to receive his Base Salary, offset by any disability benefits he may be eligible to receive, for the remaining term of this Agreement.
During any period prior to such termination during which you are unable to perform substantially such duties with or without reasonable accommodation due to Disability, the Company shall continue to pay all amounts required to be paid under this Agreement (including without limitation your Base Salary), offset by any amounts payable to your under any disability insurance plan or policy provided by the Company, and the Company shall continue to provide all benefits to you hereunder.
Prior to a determination that Executive is Totally Disabled, but after Executive has exhausted all sick leave and vacation benefits provided by the Company, Executive shall continue to receive his Base Salary, offset by any disability benefits he may be eligible to receive that are provided directly or indirectly by the Company.

More Definitions of Salary offset

Salary offset means the deduction of money from the current pay account of a present or former Government employee payable by the United States

Salary offset means an administrative offset to collect a debt under 5 U.S.C. 5514 by deduction(s) at one or more officially established pay intervals from the current pay account of a present or former employee with or without his or her consent. It includes a single offset from the final salary of an employee whose employment ends.

Related to Salary offset

Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.
Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.
Annual Salary means the salary given under this Part.
Bonus Compensation shall have the meaning set forth in Section 3(b).
Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.