Withholding Wages Clause Samples
The Withholding Wages clause allows an employer to retain or delay payment of an employee’s wages under certain specified circumstances. Typically, this clause applies when there are outstanding debts owed by the employee to the employer, unreturned company property, or unresolved expense advances. By establishing clear conditions under which wages may be withheld, this clause helps protect the employer’s financial interests and encourages employees to fulfill their obligations before final payment is made.
Withholding Wages. Employers may withhold where necessary, a rea- sonable amount of wages due, not to exceed five (5) working days, to enable them to prepare the payroll.
Withholding Wages. Wages within the meaning of Code §3401(a) for the purposes of income tax withholding at the source but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed.
Withholding Wages. Code §415 Safe Harbor Compensation.
Withholding Wages. Code §415 Safe Harbor Compensation. [Note: Each of the above definitions is increased for Elective Deferrals (as defined in Section 22.55 of the BPD), for pre-tax contributions to a cafeteria plan or a Code §457 plan, and for qualified transportation fringes under Code §132(f)(4). See Section 22.172 of the BPD.]