Common Contracts
1 similar null contracts
Agreement for Salary Reduction under Section 403(B)March 23rd, 2021
BY THIS AGREEMENT, made between (the Employee) and Roanoke College, we agree as follows. Effective for amounts paid on or after the first day of (Month), (Year), which date is subsequent to the execution of this Agreement, the Employee’s salary will be reduced by the amount(s) indicated below. The Employee will allocate these amounts among the funding vehicles offered by the plan. This Agreement shall be legally binding and irrevocable for both Roanoke College 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 thirty days written notice so that this Agreement will not apply to salary subsequently paid. Salary Reduction Election Tax Deferred Annuity Plan ☐ Tax Deferred Contribution: I want to make a pre-tax contribution, into the Roanoke College Tax Deferred Annuity Plan. The amount of my contributions each pay period will be: Select One: $ OR %
