Salary Adjustment Agreement definition

Salary Adjustment Agreement means a written agreement
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Salary Adjustment Agreement means a written agreement between a participant and participating employer whereby the employer agrees to adjust the salary of the participant by a stated amount or an amount equal to the cost of benefits selected under the plan and the participating employer agrees to contribute such amount to cover certain costs of the benefits selected by the participant to the Council; and
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Salary Adjustment Agreement means a written agreement between an eligible employee and an employer whereby the employer agrees to adjust the salary of the employee by a stated amount or an amount equal to the cost of benefits selected under a flexible benefits plan and the employer agrees to contribute such amount to cover certain costs of the benefits selected by the eligible employee.
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Examples of Salary Adjustment Agreement in a sentence

  • Elective Deferrals ------------------ If this paragraph is checked, Elective Deferrals not in excess of 20% of a Member's Compensation shall be contributed to the Trust by the Employer in accordance with a Salary Adjustment Agreement with the Member.

  • If an Employer has specified in its Adoption Agreement that Elective Deferrals may be made to the Trust, each Participant may, but shall not be required to, enter into a Salary Adjustment Agreement with the Employer under which the Participant agrees to reduce his Compensation by a specified percent and the Employer agrees to contribute such amount on the Participant's behalf to the Trust.

  • The realization of the impossibility to proceed a relevant and correct statistical census with no official mandate.

  • Subject to the provisions of Articles VI and XII, for each pay period, the Employer shall contribute to the Trust on behalf of each Participant an amount equal to the percentage of such Participant's Compensation specified in the Salary Adjustment Agreement between the Employer and such Participant.

  • Elective Deferrals ------------------ If this paragraph is checked, Elective Deferrals not in excess of 10% of a Member's Compensation shall be contributed to the Trust by the Employer in accordance with a Salary Adjustment Agreement with the Member.

  • An Employee who is a Participant on the Effective Date may enter into a Salary Adjustment Agreement with the Employer at least fifteen (15) days (or such shorter period as the Plan Administrator allows) prior to the Effective Date, such Salary Adjustment Agreement to be effective as of the first payroll period commencing after said date.

  • The Fiscal Year 1991 Base Salary Adjustment Agreement, which is attached hereto as Appendix C, is hereby incorporated by reference into this Agreement.

  • Elective Deferrals ------------------- If this paragraph is checked, Elective Deferrals not in excess see of 15% of a Member's Compensation shall be contributed attachment to the Trust by the Employer in accordance with a Salary Adjustment Agreement with the Member.


More Definitions of Salary Adjustment Agreement

Salary Adjustment Agreement means the agreement described in Section 4.2 and entered into between a Participant and the Employer.
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Related to Salary Adjustment Agreement

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of the Stated Amount per Purchase Contract.

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Purchase Price Adjustment Escrow Amount means $500,000.