Compensation Reduction Agreement definition

Compensation Reduction Agreement means an agreement between the Employer and an Eligible Employee whereby the Eligible Employee agrees to reduce his Compensation during the applicable payroll period by an amount equal to any whole percentage thereof, to the extent provided in Section 3.1, and the Employer agrees to contribute to the Trust, on behalf of such Eligible Employee, an amount equal to the specified reduction in Compensation.

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Compensation Reduction Agreement means the written compensation reduction agreement entered into by a Participant with Company in the form attached hereto as Exhibit A in any Plan Year.

Compensation Reduction Agreement means the agreement between a Participant and the Employer whereby the Participant elects to defer a portion of his Compensation and the Employer agrees to contribute such amount to such Participant's Compensation Reduction Account on behalf of the Participant in a manner intended to satisfy the requirements of Section 401(k) of the Code.

Examples of Compensation Reduction Agreement in a sentence

• The Employer shall make Before-Tax Contributions for each payroll period in an amount equal to the amount by which a Participant's Compensation has been reduced with respect to such period under his Compensation Reduction Agreement.

• Executive understands and agrees that by executing this Amendment, Executive will be surrendering and forfeiting more RSUs than previously agreed pursuant to the Compensation Reduction Agreement.

• The Existing Compensation Reduction Agreement shall continue to apply after the Effective Date.

• Effective as of the Effective Date, the Existing Agreement (but not the Existing Compensation Reduction Agreement) shall automatically terminate and no longer be of any force or effect, and neither party shall have any rights or obligations thereunder; provided, however, that the provisions of the Existing Agreement relating to the provision of Flight Benefits shall survive through December 31, 2007.

• Notwithstanding Section 2 of the Compensation Reduction Agreement, Executive hereby agrees to surrender and forfeit all RSUs subject to the RSU Award for the Performance Period of April 1, 2004 to June 30, 2005 in lieu of the RSU surrender set forth in Section 2 of the Compensation Reduction Agreement.

More Definitions of Compensation Reduction Agreement

Compensation Reduction Agreement means an agreement between an Eligible Employee and the Employer under which the Employer reduces the Employee’s Compensation in an amount determined by the Employee with respect to services rendered after the execution of the agreement and the Employer agrees to contribute an amount equal to the reduction to the Plan on behalf of the Employee as an Elective Contribution. A Compensation Reduction Agreement in effect on June 30, 2007 under the PST shall continue in effect and be treated as a Compensation Reduction Agreement under this Plan for an Eligible Employee who becomes a Participant in the Plan on July 1, 2007.

Compensation Reduction Agreement means an agreement, which may be combined with or incorporated into a participation agreement, that (1) satisfies the requirements of §2.4.5(b)(2) and (2) must be entered into as a condition to receive compensation reduction contributions.

Compensation Reduction Agreement means a written agreement between a Participant and an Employer under which the Employer reduces the Participant's Compensation with respect to services rendered after the execution of the agreement and the Employer agrees to contribute the amount of the reduction to the Plan on behalf of the Participant as a Before-Tax Contribution.

Compensation Reduction Agreement means a written agreement between an Eligible Employee and the Employer under which the Employer reduces the Employee's Compensation in an amount determined by the Employee with respect to services rendered after the execution of the agreement and the Employer agrees to contribute an amount equal to the reduction to the Plan on behalf of the Employee as a Before-Tax Contribution.

Compensation Reduction Agreement means a written agreement between a Participant and the University, pursuant to which (a) the Participant’s Compensation is reduced commencing no earlier than the calendar month following the calendar month in which such agreement is entered into, and (b) the amount of the reduction is required to be credited to the Participant’s Account.

Compensation Reduction Agreement means an agreement between the Company and a Participant pursuant to the Plan.

Compensation Reduction Agreement means an agreement (whether or not written) between a Participant and a Participating Company whereby the Participant agrees to reduce his or her Eligible Compensation and/or Special Eligible Compensation by an amount equal to a whole percentage of his or her Eligible Compensation and/or Special Eligible Compensation, as specified in Section 4.1 and the Participating Company agrees to contribute an equal amount to the Trust on behalf of the Participant. A Compensation Reduction Agreement may be entered into or modified by a Participant through the use of the Interactive System, in accordance with the provisions of Section 6. A Participant shall specify in such agreement whether he or she is electing Pre-Tax Contributions and/or Roth Contributions.