Common Contracts

Carrier Allocation/Salary Reduction Form

February 25th, 2021

• Filed
  February 25th, 2021

This agreement shall be legally binding and irrevocable as to each of the parties hereto while employment continues; provided, however, that either party may terminate this Agreement as of the end of any pay period, so that it will not apply to salary subsequently earned and provided. This agreement does not constitute a contract of employment and shall not restrict the right of employer to discharge the employee or the right of employee to terminate his or her own employment. If the employer suspends the salary reduction authorized by this agreement because the employee has reached the maximum annual amount allowed by law, this agreement shall be reinstated as of the beginning of the next taxable year unless cancelled or changed by the completion of another Salary Reduction Agreement by the employee.