Salary Reduction Contribution Clause Samples
A Salary Reduction Contribution clause allows employees to designate a portion of their salary to be contributed directly to a retirement or benefit plan, such as a 401(k). Under this arrangement, the chosen amount is withheld from the employee’s paycheck before taxes are applied and deposited into the specified plan on their behalf. This clause facilitates tax-advantaged savings for employees and ensures that contributions are made systematically, helping both employers and employees manage retirement planning efficiently.
Salary Reduction Contribution. A contribution to the Account made by the Employer on behalf of the Participant pursuant to a salary reduction agreement in accordance with Article 3 of this Appendix
Salary Reduction Contribution. A contribution made to the Contract pursuant to a salary reduction agreement as described in Section 2.1 of the Contract.
Salary Reduction Contribution. As soon as administratively ---------------------------------.