Social Security and FICA. The present value of the future severance, supplemental and medical benefits will be reduced by the Social Security and Medicare taxes (FICA) at a rate of 7.65% that would have been payable if the severance, supplemental and medical benefits had been paid directly to the employee.
Appears in 7 contracts
Samples: Professional Agreement, Professional Agreement, Professional Agreement
Social Security and FICA. The present value of the future severancesever- ance, supplemental and medical benefits will be reduced by the Social So- cial Security and Medicare taxes (FICA) at a rate of 7.65% that would have been payable if the severance, supplemental and medical benefits ben- efits had been paid directly to the employee.
Appears in 1 contract
Samples: Professional Agreement