Compensation Reductions. “Compensation Reductions” means the amount by which a Participant reduces his compensation to purchase benefits under the Plan (i.e., pre-tax contributions to the Plan). Compensation Reductions shall be deducted in equal amounts from a Participant’s paychecks over the entire Plan Year or over a nine-month period during the Plan Year. The nine-month period shall correspond with Employer’s school year.
Appears in 4 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
