Salary Deductions definition

Salary Deductions means monies deducted or to be deducted (as appropriate in the context) from a Participant’s Gross Salary or Net Salary (as determined by the Committee) each pay period over the Purchase Period for the acquisition of Purchased Shares;
Sample 1

Examples of Salary Deductions in a sentence

  • Section 22.001 (Salary Deductions for Professional Dues), Education Code.

  • The Employer will continue to provide a Salary Deductions Tax Sheltered Annuity Program.

  • CROSS REFS: DLB, Salary Deductions GCB subcodes (all relate to compensation and benefits) GCJ, Professional Staff Time Schedules Note: Excerpts from the master agreement are coded appropriate to topic and presented throughout this manual for easy reference.

  • Improper Deductions From Salary Deductions that are not permitted include: • Deductions for partial day absences (except as relate to approved FMLA leave).

  • Board Chair Dan Digardi introduced the first reading of the following board policies that were recommended for repeal: H4520 – Salary Checks & Deductions (replaced by BP 7385 – Salary Deductions) I7331 – Withdrawal (included in BP 4225 – Course Repetition & Withdrawal) In keeping with board policy D1140 – Shared Governance, these policies were reviewed through the Council of Presidents.

  • Salary Deductions and WithholdingThe BUUSD will withhold the following from your paycheck: TaxesFederal, state, and local taxes, as required by law, as well as the required FICA (Social Security) and Medicare payments.

  • SALARY GUIDES‌ 39 Section 9.1 General 29 40 Section 9.2 Placement on Salary Schedule 29 41 Section 9.3 Salary Deductions and Payments 29‌ 42 Section 9.4 Part Time Contracts 30 43 Section 9.5 Supplemental Contracts 30 44 Section 9.6 Mid-Contract Increase 30 45 46 ARTICLE 10.

  • Table 4.9: Information about terms and conditions of the employment Sectors Duties of Job (%) Working Hours (%) Basic Salary (%)Deductions from the Salary(%)Additional Benefits/ Facilities(%)YesNoYesNoYesNoYesNoYesNoGarment94.06.081.518.589.510.519.081.017.083.0Carpet75.624.442.957.176.623.442.957.114.185.9Pashmina85.214.865.434.485.614.434.066.06.493.6 Garment workers were the best informed about the terms and conditions of their employment; carpet workers were the least informed.

  • Article 41 (Salary Deductions) If a labor-management agreement set forth in the provision of Article 24(1) of the LSA has been concluded with regard to a specific office or establishment, payments of salaries to the staff working there shall be subject to partial deductions.

  • Salary Deductions PAYE UIF Pension/Provident Fund Medical Aid Garnishee Orders Staff Loans Other Total Deductions Nett Salary (A - B) Main ApplicantSpouse C.

Related to Salary Deductions

  • Elective Deferrals mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Limitation Year means the Plan Year.

  • post compulsory deduction salary means the amount of salary available to be packaged after payroll deductions required by legislation or order have been taken into account. Such payroll deductions may include, but are not limited to, taxes, compulsory superannuation payments, HECS payments, child support payments, and judgement debtor/garnishee orders.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Payroll deduction means your premium is remitted to Aflac for you by your employer through a payroll deduction process or any other method agreed to by Aflac and the employer.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Base Period Income Base Period Income" is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.