Common use of Total Contribution Clause in Contracts

Total Contribution. This agreement will be put into effect as of the pay date following the date that I become eligible for the plan or as soon as administratively feasible thereafter. I understand that I can make changes to this agreement during the calendar year which will be effective with the next available pay date. If the amount of contributions exceeds the limitations of Internal Revenue Code Sections 402(g) and/or 415 (annual contribution limit is $18,000.00), I agree that contributions may be suspended automatically at such time. If in any calendar year the amount of my salary reduction contribution is suspended as per the previous sentence, then the amount of my salary reduction contribution shall be resumed automatically at its unreduced level at the beginning of the following calendar year. While this agreement is irrevocable with respect to compensation that is payable to me while the agreement is in effect, I understand that either I or the University may terminate this agreement with respect to any future compensation not yet payable to me. I further understand that this agreement will automatically terminate on the date I (a) terminate employment, (b) commence an unpaid leave of absence, (c) cease to be in an eligible class, (d) receive a hardship distribution or (e) give written notice to the University to stop my salary reduction contribution to the plan, whichever event occurs first, and that my contribution and the University contribution to the plan will cease with respect to any compensation payable to me after such date. I understand that in order to make contributions after I have terminated by agreement, I must enter into a new salary reduction agreement. Employee Name Last 4 digits of SSN Employee Signature Date University Benefit Office – Authorized Signature Date IRS regulations require participants to return a signed and dated salary reduction agreement before contributions can be made to the plan. Retroactive enrollment is not permitted. Salary reduction contributions can be made on a prospective basis only. Please complete and return to the Yeshiva University Benefits Office – Belfer Hall, 000 Xxxx 000xx Xxxxxx, Xxx Xxxx, XX 00000

Appears in 2 contracts

Samples: www.yu.edu, www.yu.edu

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Total Contribution. This agreement will be put into effect as of the pay date following the date that I become eligible for the plan or as soon as administratively feasible thereafter. I understand that I can make changes to this agreement during the calendar year which will be effective with the next available pay date. If the amount of contributions exceeds the limitations of Internal Revenue Code Sections 402(g) and/or 415 (annual contribution limit is $18,000.0019,000.00), I agree that contributions may be suspended automatically at such time. If in any calendar year the amount of my salary reduction contribution is suspended as per the previous sentence, then the amount of my salary reduction contribution shall be resumed automatically at its unreduced level at the beginning of the following calendar year. This agreement will be put into effect as of the pay date following the date that I become eligible for the plan or as soon as administratively feasible thereafter. I understand that I can make changes to this agreement during the calendar year which will be effective with the next available pay date. I further understand that once implemented, my elections pursuant to this salary reduction agreement will remain in effect until I change or terminate this agreement, or until it is automatically terminated as described below. While this agreement is irrevocable with respect to compensation that is payable to me while the agreement is in effect, I understand that either I or the University may terminate this agreement with respect to any future compensation not yet payable to me. I further understand that this agreement will automatically terminate on the date I (a) terminate employment, (b) commence an unpaid leave of absence, (c) cease to be in an eligible class, (d) receive a hardship distribution or (e) give written notice to the University to stop my salary reduction contribution to the plan, whichever event occurs first, and that my contribution and the University contribution to the plan will cease with respect to any compensation payable to me after such date. I understand that in order to make contributions after I have terminated by agreement, I must enter into a new salary reduction agreement. Employee Name Last 4 digits of SSN Employee Signature Date University Benefit Office – Authorized Signature Date IRS regulations require participants to return a signed and dated salary reduction agreement before contributions can be made to the plan. Retroactive enrollment is not permitted. Salary reduction contributions can be made on a prospective basis only. Please complete and return to the Yeshiva University Benefits Office – Belfer Hall, 000 Xxxx 000xx Xxxxxx, Xxx Xxxx, XX 00000Date

Appears in 2 contracts

Samples: www.yu.edu, www.yu.edu

Total Contribution. This agreement will be put into effect as of the pay date following the date that I become eligible for the plan or as soon as administratively feasible thereafter. I understand that I can make changes to this agreement during the calendar year which will be effective with the next available pay date. If the amount of contributions exceeds the limitations of Internal Revenue Code Sections 402(g) and/or 415 (annual contribution limit is $18,000.0018,500.00), I agree that contributions may be suspended automatically at such time. If in any calendar year the amount of my salary reduction contribution is suspended as per the previous sentence, then the amount of my salary reduction contribution shall be resumed automatically at its unreduced level at the beginning of the following calendar year. While this agreement is irrevocable with respect to compensation that is payable to me while the agreement is in effect, I understand that either I or the University may terminate this agreement with respect to any future compensation not yet payable to me. I further understand that this agreement will automatically terminate on the date I (a) terminate employment, (b) commence an unpaid leave of absence, (c) cease to be in an eligible class, (d) receive a hardship distribution or (e) give written notice to the University to stop my salary reduction contribution to the plan, whichever event occurs first, and that my contribution and the University contribution to the plan will cease with respect to any compensation payable to me after such date. I understand that in order to make contributions after I have terminated by agreement, I must enter into a new salary reduction agreement. Employee Name Last 4 digits of SSN Employee Signature Date University Benefit Office – Authorized Signature Date IRS regulations require participants to return a signed and dated salary reduction agreement before contributions can be made to the plan. Retroactive enrollment is not permitted. Salary reduction contributions can be made on a prospective basis only. Please complete and return to the Yeshiva University Benefits Office – Belfer Hall, 000 Xxxx 000xx Xxxxxx, Xxx Xxxx, XX 00000Date

Appears in 1 contract

Samples: www.yu.edu

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Total Contribution. This agreement will be put into effect as of the pay date following the date that I become eligible for the plan or as soon as administratively feasible thereafter. I understand that I can change this agreement effective each January 1, provided written notice is given to the Benefits Office by December 15 of the preceding year. I further understand that I can make changes to this agreement during the calendar year which will be effective with the next available pay date. If the amount of contributions exceeds the limitations of Internal Revenue Code Sections 402(g) and/or 415 (annual contribution limit is $18,000.00), I agree that contributions may be suspended automatically at such time. If in any calendar year the amount of my salary reduction contribution is suspended as per the previous sentence, then the amount of my salary reduction contribution shall be resumed automatically at its unreduced level at the beginning of the following calendar year. While this agreement is irrevocable with respect to compensation that is payable to me while the agreement is in effect, I understand that either I or the University may terminate this agreement with respect to any future compensation not yet payable to me. I further understand that this agreement will automatically terminate on the date I (a) terminate employment, (b) commence an unpaid leave of absence, (c) cease to be in an eligible class, (d) receive a hardship distribution or (e) give written notice to the University to stop my salary reduction contribution to the plan, whichever event occurs first, and that my contribution and the University contribution to the plan will cease with respect to any compensation payable to me after such date. I understand that in order to make contributions after I have terminated by agreement, I must enter into a new salary reduction agreement. Employee Name Date of Birth Last 4 digits of SSN Employee Signature Date University Benefit Office use only: Agreed to by the University – Authorized Signature Date IRS regulations require participants to return a signed and dated salary reduction agreement before contributions can be made to the plan. Retroactive enrollment is not permitted. Salary reduction contributions can be made on a prospective basis only. Please complete and return to the Yeshiva University Benefits Office – Belfer Hall, 000 Xxxx 000xx Xxxxxx, Xxx Xxxx, XX 00000Date

Appears in 1 contract

Samples: www.yu.edu

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