Variation to a Salary Sacrifice Agreement Sample Clauses

Variation to a Salary Sacrifice Agreement. (a) Unless otherwise agreed by the Company, an employee may revoke or vary their Approved Salary Sacrifice Application only once in each twelve-month period.
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Variation to a Salary Sacrifice Agreement. 12.9.1 Because of economic hardship or other urgent pressing domestic necessity, an employee may revoke or vary their Agreement once in each twelve-month period unless otherwise agreed by the General Manager People and Culture.
Variation to a Salary Sacrifice Agreement. 12.9.1 Because of economic hardship or other urgent pressing domestic necessity, an employee may revoke or vary their Agreement once in each twelve-month period unless otherwise agreed by the General Manager People and Culture.

Related to Variation to a Salary Sacrifice Agreement

  • Salary Sacrifice to Superannuation (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation.

  • Salary Sacrifice Employees may sacrifice their pre-tax earnings, subject to such arrangements being made for legitimate purposes such as additional superannuation contributions. The amount of salary sacrifice being deducted from pre-tax earnings shall be deducted from gross earnings with each pay period. Any such arrangements must be requested, varied or amended in writing, providing no les than one months notice to the Company. A Salary Sacrifice Request Form is attached as a schedule to this Agreement for this purpose. The Company recommends that employees seek independent financial advice prior to entering into salary sacrifice arrangement. The amount of any salary sacrifice income requested must be a fixed sum, without variation from one pay period to the next. The company shall implement employee requests to commence salary sacrifice arrangements at four (4) times a year, on the first full pay period on or after the 1st July, 1st October, 1st January and 1st April. Where adverse tax and/or superannuation changes occur, the Company or employee may terminate these salary sacrifice arrangements. Where a decision to terminate is made, employees will be given one month’s notice in writing.

  • Placement on Salary Schedule The following rules shall be applicable in determining placement of a teacher on the appropriate salary schedule:

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