Common Contracts
2 similar Salary Reduction/Deduction Agreement contracts
Agreement for Salary Reduction/DeductionSalary Reduction/Deduction Agreement • January 20th, 2020
Effective for amounts paid on or after , which date is subsequent to the execution of this Agreement, the Employee's salary will be reduced by the amount(s) indicated below; unless the Post-Tax Roth option is selected. This is in addition to the mandatory Employee base plan amount plus the Institutional corresponding amount contributed to the Employee's annuity contracts (or custodial accounts) which the Employee will allocate among the funding vehicles approved by the institution. This Agreement shall be legally binding and irrevocable for both the Institution and the Employee while employment continues. However, either party may terminate or otherwise modify this Agreement as of the end of any month (or pay period, if applicable) by giving at least 30-days written notice mailed or delivered to the address of record of the other party.
Agreement for Salary Reduction/DeductionSalary Reduction/Deduction Agreement • January 20th, 2020
Effective for amounts paid on or after , which date is subsequent to the execution of this Agreement, the Employee's salary will be reduced by the amount(s) indicated below; unless the Post-Tax Roth option is selected. This is in addition to the mandatory Employee base plan amount plus the Institutional corresponding amount contributed to the Employee's annuity contracts (or custodial accounts) which the Employee will allocate among the funding vehicles approved by the institution. This Agreement shall be legally binding and irrevocable for both the Institution and the Employee while employment continues. However, either party may terminate or otherwise modify this Agreement as of the end of any month (or pay period, if applicable) by giving at least 30-days written notice mailed or delivered to the address of record of the other party.
