Employer Payment of Employee Contributions. If for any reason the six percent (6%) payment of the employee contribution by Western Oregon University described in A and B above is declared invalid or is otherwise eliminated, then effective on the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees. In such case, employees’ six percent (6%) contributions shall be deducted for payment to the applicable employee accounts and shall be treated as "pre-tax" contributions pursuant to Internal Revenue Code Section 414(h)(2).
Appears in 8 contracts
Samples: digitalcommons.wou.edu, Collective Bargaining Agreement, Collective Bargaining Agreement
Employer Payment of Employee Contributions. If for any reason the six percent (6%) payment of the employee contribution by Western Oregon University described in A (A) and B (B) above is declared invalid or is otherwise eliminated, then effective on the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees. In such case, employees’ six percent (6%) contributions shall be deducted for payment to the applicable employee accounts and shall be treated as "“pre-tax" ” contributions pursuant to Internal Revenue Code Section 414(h)(2).
Appears in 5 contracts
Samples: Letter of Agreement, digitalcommons.wou.edu, Letter of Agreement
Employer Payment of Employee Contributions. If for any reason the six percent (6%) payment of the employee contribution by Western Oregon University described in A (A) and B (B) above is declared invalid or is otherwise eliminated, then effective on the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees. In such casecases, employees’ six percent (6%) contributions shall be deducted for payment to the applicable employee accounts and shall be treated as "pre-“pre- tax" ” contributions pursuant to Internal Revenue Code Section 414(h)(2).
Appears in 1 contract
Samples: Collective Bargaining Agreement
Employer Payment of Employee Contributions. If for any reason the six percent (6%) payment of the employee contribution by Western Oregon University described in A and B above is declared invalid or is otherwise eliminated, then effective on the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees. In such case, employees’ six percent (6%) contributions shall be deducted for payment to the applicable employee accounts and shall be treated as "pre-pre- tax" contributions pursuant to Internal Revenue Code Section 414(h)(2).
Appears in 1 contract
Samples: Collective Bargaining Agreement