Salary Adjustment Agreement definition

Salary Adjustment Agreement means a written agreement
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Salary Adjustment Agreement means a written agreement between a participant and participating employer whereby the employer agrees to adjust the salary of the participant by a stated amount or an amount equal to the cost of benefits selected under the plan and the participating employer agrees to contribute such amount to cover certain costs of the benefits selected by the participant to the Council; and
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Salary Adjustment Agreement means a written agreement between an eligible employee and an employer whereby the employer agrees to adjust the salary of the employee by a stated amount or an amount equal to the cost of benefits selected under a flexible benefits plan and the employer agrees to contribute such amount to cover certain costs of the benefits selected by the eligible employee.
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Examples of Salary Adjustment Agreement in a sentence

  • If an Employer has specified in its Adoption Agreement that Elective Deferrals may be made to the Trust, each Participant may, but shall not be required to, enter into a Salary Adjustment Agreement with the Employer under which the Participant agrees to reduce his Compensation by a specified percent and the Employer agrees to contribute such amount on the Participant's behalf to the Trust.

  • Subject to the provisions of Articles VI and XII, for each pay period, the Employer shall contribute to the Trust on behalf of each Participant an amount equal to the percentage of such Participant's Compensation specified in the Salary Adjustment Agreement between the Employer and such Participant.

  • Elective Deferrals ------------------ If this paragraph is checked, Elective Deferrals not in excess of 20% of a Member's Compensation shall be contributed to the Trust by the Employer in accordance with a Salary Adjustment Agreement with the Member.

  • Elective Deferrals ------------------ If this paragraph is checked, Elective Deferrals not in excess of 20% of a Member's Compensation See shall be contributed to the Trust by the Employer Attachment in accordance with a Salary Adjustment Agreement with the Member.

  • Elective Deferrals ------------------ If this paragraph is checked, Elective Deferrals not in excess of 10% of a Member's Compensation shall be contributed to the Trust by the Employer in accordance with a Salary Adjustment Agreement with the Member.

  • Please Print‌457 FLEX FORM‌Deferred Compensation Employee Name: Employer Name: Employee SS#: Date of Birth: Salary Adjustment Agreement for Tax Sheltered Annuities ----- IMPORTANT NOTICE ----- Before you sign, read all information on this form: (Note: ALL employees are eligible to participate in a 457 Plan.

  • From the window of my workshop in Geneva I can see the Jura Mountains (see Figure 4) but I cannot see Haytor so I brought up an image of the Tor on my computer.

  • Elective Deferrals ------------------- If this paragraph is checked, Elective Deferrals not in excess see of 15% of a Member's Compensation shall be contributed attachment to the Trust by the Employer in accordance with a Salary Adjustment Agreement with the Member.


More Definitions of Salary Adjustment Agreement

Salary Adjustment Agreement means the agreement described in Section 4.2 and entered into between a Participant and the Employer.
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Related to Salary Adjustment Agreement

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • SOFR Adjustment means 0.10% (10 basis points).

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $50,378.70, plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.