Maximum Salary Reduction. I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed the applicable amounts listed below. 2016 2017 $12,500 $12,500 $3,000 $3,000 *Employees age 50 or older by the end of the calendar year may make additional elective deferral contributions annually.
Maximum Salary Reduction. I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed the applicable amount for that year. See instructions.
Maximum Salary Reduction. I understand that the total amount of my salary reduction contribution for the matching plan and voluntary plan in any calendar year cannot exceed the applicable amounts listed below.
Maximum Salary Reduction. I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed $6,000*. ----------- * This amount will be adjusted to reflect any annual cost-of-living increases announced by the IRS.
Maximum Salary Reduction. If I will be under age 50 by the end of the relevant year, I understand that the total amount of my salary reduction contributions cannot exceed $13,500* for 2020. If I will be age 50 or over by the end of the relevant year, I understand that the total amount of my salary reduction contributions cannot exceed $16,500* for 2020. *These amounts may be adjusted to reflect any annual cost-of-living increases announced by the IRS.
Maximum Salary Reduction. (1) No Player’s contract shall be renewed pursuant to paragraph 10(a) of the Uniform Player’s Contract in any year for a salary which constitutes a reduction in excess of 20% of his previous year’s salary or in excess of 30% of his salary two years previous. For the purposes of this section, the “salary” of a Player with a salary stipulated in paragraph 2 of his Major League contract of less than the then applicable Major League minimum salary shall be deemed to be the greater of either (a) the total amount of his actual baseball salary earnings from Major League Clubs (and from Minor League clubs if any) in that season or (b) the amount stipulated in paragraph 2 of his Major League contract for that season.
(2) The term “salary” shall include any salary amounts which were not paid to a Player for the season by reason of any fine or sus- pension which may have been imposed on the Player, or by reason of any other deduction from salary.
(3) In tendering a contract to a Player pursuant to paragraph 10(a) of the Uniform Player’s Contract, no Major League Club shall offer a salary which constitutes a reduction in excess of 20% of the Player’s previous year’s salary or in excess of 30% of his salary two years previous.
Maximum Salary Reduction. 18485 • MLB: Coll. Xxxx. (TEXT) • Major League Baseball • PU 6640 + email •
(1) A Club may not tender, sign or renew a Player under reserve to the Club pursuant to Article XX(A) of this Agreement and para- graph 10(a) of the Uniform Player’s Contract to a Uniform Player’s Contract that provides a salary for Major League service that con- stitutes a reduction in excess of 20% of his previous year’s salary or in excess of 30% of his salary two years previous. A Club may not tender, sign or renew a Player under reserve to the Club pursuant to Article XX(A) of this Agreement and paragraph 10(a) of the Uni- form Player’s Contract to a Uniform Player’s Contract that provides a salary for Minor League service that constitutes a reduction in excess of 40% of his previous year’s salary. For the purposes of this section, the “salary” of a Player with a salary stipulated in paragraph 2 of his Major League contract of less than the then applicable Major League minimum salary shall be deemed to be the greater of either (a) the total amount of his actual baseball salary earnings from Major League Clubs (and from Minor League clubs if any) in that season or (b) the amount stipulated in paragraph 2 of his Major League contract for that season.
(2) The term “salary” shall include any salary amounts which were not paid to a Player for the season by reason of any fine or sus- pension which may have been imposed on the Player, or by reason of any other deduction from salary.
Maximum Salary Reduction. I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed $6,000.
Maximum Salary Reduction. I understand that the total amount of my salary reduction contributions in any calendar year cannot exceed the applicable amounts listed below. *Employees age 50 or older by the end of the calendar year may make additional elective deferral contributions annually.
Maximum Salary Reduction. You understand that the total amount of your salary reduction contributions cannot exceed $14,000 for 2022. Employees age 50 or older may be able to make an additional catch-up elective deferral contribution to their SIMPLE IRA. Employees should consult their employer for more information about this additional catch-up contribution.
