Pay Cut Sample Clauses

Pay Cut. Your annual base salary is reduced other than as part of across-the-board salary reductions affecting all employees of similar status employed by the Company and any Person in control of the Company.
Sample 1Sample 2Sample 3See All (5)
Pay Cut. My annual base salary is substantially reduced (compared to the base salary then in effect immediately prior to such reduction), except that my base salary may be reduced in connection with similar reductions uniformly applied with respect to the Company’s other senior executives; or
Sample 1Sample 2
Pay Cut. Executive’s annual base salary is reduced.
Sample 1Sample 2
Pay Cut. My annual base salary is reduced by more than ten ------- percent.
Sample 1
Pay Cut. Executive’s annual Base Salary or annual bonus is reduced or not been paid.
Sample 1
Pay Cut. Executive’s annual base remuneration is reduced without cause.
Sample 1
AutoNDA by SimpleDocs
Pay Cut. Relocation. My principal office is transferred to another ---------- location, which increases my one-way commute to work by more than 60 minutes, based on my residence when the transfer is announced or, if I consent to the transfer, the Company fails to pay (or reimburse me) for all reasonable moving expenses I incur in changing my principal residence in connection with the relocation.
Sample 1
Pay Cut. The amounts set forth in Exhibit B reflect a two and one-half percent (2.5%) reduction in Base Pay for all job classes. These reductions shall remain in effect until such time as the Parties meet and confer on their modification.
Sample 1

Related to Pay Cut

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Shift Differential Pay SECTION 1: In addition to compensation provided by the wage schedule, employees working between the hours of 3:00 P.M. and 7:00 A.M. shall be paid a shift differential premium of $.45 (forty-five cents) per hour in addition to the regular pay for those hours. SECTION 2: Employees must work a minimum of 3 (three) hours in order for shift differential to apply.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

  • Check-Off Payments The Employer shall deduct from every employee any dues, initiation fees, or assessments levied by the Union on its members.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Union Dues Deduction The Employer agrees to deduct and forward to the Financial Secretary of the Local Union, upon receipt of a voluntary written authorization, the working dues from the pay of each IBEW member. The amount to be deducted shall be the amount specified in the approved Local Union Bylaws. The Local Union, upon request by the Employer, shall certify such amount to the Employer.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!