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 Fund, on behalf of such Eligible Employee, an amount equal to the specified reduction in Compensation.

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.

• With respect to deferrals of Base Compensation, a Participant must file a Compensation Reduction Agreement with the Administrator within the time period established by the Administrator, but in all events no later than the close of the calendar year immediately preceding the calendar year in which the services to which the Agreement relates are performed.

• 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.

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 executed by and between the Employer and the Employee pursuant to Code Section 403(b) under which the Employee agrees to a reduction in future compensation and the Employer agrees to deposit such amount into the Employee’s Account subject to the applicable limitations of the Plan, the Code and accompanying regulations.

Compensation Reduction Agreement means an agreement between a Participant and the Company, under which the Participant agrees to a reduction in his Salary Compensation and/or Bonus Compensation and the Company agrees to credit him with Compensation Reduction Accruals under this Plan.

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 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 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 the voluntary written agreement between an eligible