Contribution Authorization definition
Contribution Authorization means an agreement by an Eligible Employee, provided at the time on a form and in a manner specified by the Administrative Committee (which may include electronic means), to reduce the base pay otherwise currently payable to him or her in the form of a payroll deduction from base pay in order to share in Pre-Tax Contributions, Roth Contributions and/or make After-Tax Contributions (such deduction shall comply with the further limitations in Section 3.1 of the Plan and shall not exceed seventy-five percent (75%) of a Participant’s Compensation otherwise payable for any payroll period). The term “Contribution Authorization” shall include a deemed election by an Eligible Employee pursuant to Section 3.1.2 to reduce base pay otherwise payable to him or her to be contributed to the Plan as a Pre-Tax Contribution (or such other applicable contribution as is provided for under Section 3.1.2).”
Contribution Authorization means an agreement by an Eligible Employee, provided at the time, on a form and in a manner specified by the Administrative Committee (which may include electronic means), to reduce the Compensation otherwise currently payable to him or her in the form of a payroll deduction from Compensation in order to make Pre-Tax Contributions, Roth Contributions and/or After-Tax Contributions (such deduction shall comply
Contribution Authorization means an agreement by an Eligible Employee, provided at the time on a form and in a manner specified by the
Examples of Contribution Authorization in a sentence
The Union shall provide a copy of the Employee’s Voluntary Political Contribution Authorization Card to the Employer.
This first written notification shall require the Faculty member to submit a properly executed Federation Dues, Agency Fee, of Scholarship Fund Contribution Authorization Form to the Human Resources Department, with a copy to be delivered to an officer of the Federation, within fifteen (15) days of the date of the written notification, and to make the payment specified in Section 4.3.1.