Common use of Employee Election Clause in Contracts

Employee Election. The Employee agrees to have the College reduce his or her basic pay (including base salary and any overload pay, but excluding overtime pay, summer/intersession contract pay, and supplemental pay) to the Funding Vehicle specified below: Pre-Tax % per pay or $ period Apply Match to my Pre-Tax Contribution After-Tax (Xxxx) % or $ per pay period Apply Match to my After-Tax Contribution □ IRS Elective Deferral Limit $ 20,500 (2022 limit) Only one of the above contribution types can be matched by the College. In order to receive the matching contribution, the employee must contribute a minimum of 5% to at least one of the contribution types (pre-tax, after-tax). If you are contributing to both, please indicate by checking the box next to the type you want your match to apply to.

Employee Election. The Employee agrees to have the College University reduce his or her basic pay (including base salary and any overload pay, but excluding overtime pay, summer/intersession contract pay, and supplemental pay) to the Funding Vehicle specified below: Pre-Tax % per pay or $ period Apply Match to my Pre-Tax Contribution After-Tax (Xxxx) % or $ per pay period Apply Match to my After-Tax Contribution □ IRS Elective Deferral Limit $ 20,500 22,500 (2022 2023 limit) Only one of the above contribution types can be matched by the CollegeUniversity. In order to receive the matching contribution, the employee must contribute a minimum of 5% to at least one of the contribution types (pre-tax, after-tax). If you are contributing to both, please indicate by checking the box next to the type you want your match to apply to.

Employee Election. per pay The Employee agrees to have the College reduce his or her basic pay (including base salary and any overload pay, but excluding overtime pay, summer/intersession contract pay, and supplemental pay) to the Funding Vehicle specified below: Pre-Tax % per pay or $ period Apply Match to my Pre-Tax Contribution After-Tax (Xxxx) % or $ per pay period Apply Match to my After-Tax Contribution □ IRS Elective Deferral Limit $ 20,500 (2022 limit) Only one of the above contribution types can be matched by the College. In order to receive the matching contribution, the employee must contribute a minimum of 5% to at least one of the contribution types (pre-tax, after-tax). If you are contributing to both, please indicate by checking the box next to the type you want your match to apply to.

Employee Election. The Employee agrees to have the College University reduce his or her basic pay (including base salary and any overload pay, but excluding overtime pay, summer/intersession contract pay, and supplemental pay) to the Funding Vehicle specified below: Pre-Tax % per pay or $ period Apply Match to my Pre-Tax Contribution After-Tax (Xxxx) % or $ per pay period Apply Match to my After-Tax Contribution □ IRS Elective Deferral Limit $ 20,500 23,000 (2022 2024 limit) Only one of the above contribution types can be matched by the CollegeUniversity. In order to receive the matching contribution, the employee must contribute a minimum of 5% to at least one of the contribution types (pre-tax, after-tax). If you are contributing to both, please indicate by checking the box next to the type you want your match to apply to.