Temporary Base Salary Change Agreement Sample Contracts

Uber Technologies, Inc.
Temporary Base Salary Change Agreement • August 7th, 2020 • Uber Technologies, Inc • Services-business services, nec

As a result of challenges related to COVID-19 (Novel Coronavirus) facing Uber Technologies, Inc. (the “Company”), the Company and you have agreed that, effective as of the next payroll date of the Company and for a period through December 31, 2020, the Company will reduce your base salary by one hundred percent (100%), less the portion of your salary needed to fund your participation in the Company’s health and welfare benefit programs at your current level of benefits. Your base salary will resume at the current rate (i.e., the rate in effect before the reduction) as of January 1, 2021.

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!