Common Contracts
1 similar Salary Reduction Agreement contracts
RESETSalary Reduction Agreement • September 23rd, 2010
The Salary Reduction Agreement is intended to meet the requirements of, and qualify under, and Internal Revenue Code 403(b) and/or 457 and of the provisions of the plan adopted by the Employer. The terms of the Agreement are as follows: (1) the Agreement is a legal and binding contract, applies only to compensation paid after the date the Agreement is executed and is irrevocable with respect to compensation paid while it is in effect; (2) it replaces any previous Agreement executed by the employee, (3) it shall continue to be effective until one of the following occurs: it is amended or terminated by a written notice to the Employer by the Employee, the Employee terminates employment with the Employer or the Employer terminates the plan.
