Common use of Salary Enhancement Plans Clause in Contracts

Salary Enhancement Plans. IRS Section 414(h)(2)‌ All employees who belong to the Sonoma County Employee’s Retirement Association shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code, which has the effect of deferring Federal and State income taxes on the employee’s retirement contributions.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Salary Enhancement Plans. IRS Section 414(h)(2)‌ All employees who belong to the Sonoma County Employee’s Employees’ Retirement Association shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code, Code which has the effect of deferring Federal and State income taxes on the employee’s 's retirement contributions.

Appears in 1 contract

Samples: Memorandum of Understanding

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Salary Enhancement Plans. IRS Section 414(h)(2)‌ All employees who belong to the Sonoma County Employee’s Employees’ Retirement Association shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code, which has the effect of deferring Federal and State income taxes on the employee’s 's retirement contributions.

Appears in 1 contract

Samples: Memorandum of Understanding

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