Reduction Agreement definition

Reduction Agreement means an agreement between the Participant and the Employer pursuant to which the Participant’s compensation is reduced or a compensation increase is foregone in an amount which the Employer is to contribute to the Participant Account.
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Reduction Agreement has the meaning given that term in Section 10.08(iii).
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Reduction Agreement means the Incentive Distribution Rights Reduction Agreement in substantially the form of Exhibit B.
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Examples of Reduction Agreement in a sentence

  • This Salary Reduction Agreement (Agreement) is an agreement between me and my employer that I have entered into voluntarily.

  • All Participants, except those who have in effect a Salary Reduction Agreement on the Automatic Deferral Effective Date regardless of the Elective Deferral amount under the Agreement.

  • All Participants, regardless of any prior Salary Reduction Agreement, unless and until they make a Contrary Election after the Automatic Deferral Effective Date.

  • All Participants who file a Salary Reduction Agreement after the effective date of this Election, or, as appropriate, any amendment thereto, to defer at least % of Compensation.

  • Employee agrees that no more than one 457 (b) Salary Reduction Agreement may be in effect at any time, listing all DCP/457(b) accounts to which payments are made by the Employer, and that this Agreement can only be effective with respect to compensation not yet received by or made available to the Employee.

  • The Salary Reduction Agreement (SRA) is to be used to establish, change, or cancel salary reduction withheld from your paycheck and contributed to the 403(b) plan on your behalf.

  • Retain a copy of the Salary Reduction Agreement form for your records this page is for information only.

  • All Participants, except those who have in effect a Salary Reduction Agreement on the Automatic Deferral Effective Date provided that the Elective Deferral amount under the Agreement is at least equal to the Automatic Deferral Percentage.

  • This Salary Reduction Agreement may be changed with respect to amounts not yet paid or available in accordance with Employer's administrative procedures.

  • However, in no case may a Participant begin making Salary Deferrals prior to the later of the date the Employee becomes a Participant, the date the Participant executes a Salary Reduction Agreement or the date the Plan is adopted or effective.


More Definitions of Reduction Agreement

Reduction Agreement means a Participant’s written election to reduce his or her Compensation (and have that amount contributed as Elective Deferrals to the Plan). Disclosures required by the Plan to be included in a Salary Reduction Agreement may be included in one or more documents that together are deemed to constitute such Salary Reduction Agreement. The Plan Administrator shall determine, on a uniform and nondiscriminatory basis, whether a Participant’s affirmative election to reduce his or her Compensation by 0% or $0 constitutes an effective Salary Reduction Agreement for purposes of Article 3.
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Related to Reduction Agreement

  • Termination Agreement has the meaning set forth in the Recitals.

  • Allocation Agreement means the agreement (cfr. Allocation Agreement Form as published on the Fluxys Belgium website) entered into by the TSO, the Network User and the End User and other Network Users, if any, in respect of allocation of quantities taken off or injected by one or more Network Users, at the End User Domestic Point.

  • Master Separation Agreement has the meaning set forth in the recitals.

  • ▇▇▇▇▇▇ Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The ▇▇▇▇▇ Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • Transition Agreement has the meaning set forth in Section 12.8.1.