Salaries and Deferred Compensation Clause Samples
The "Salaries and Deferred Compensation" clause defines how employees are paid, including both their regular wages and any compensation that is postponed to a future date. This clause typically outlines the schedule and method for salary payments, as well as the terms under which deferred compensation—such as bonuses, retirement contributions, or stock options—will be earned and distributed. Its core function is to provide clear guidelines for both immediate and future compensation, ensuring transparency and preventing disputes over payment timing and eligibility.
Salaries and Deferred Compensation. 4.1 The Employer shall pay the salaries set forth in Appendix A of this Agreement.
4.2 The Employer shall provide a deferred compensation match benefit as set forth in Appendix A of this Agreement.
Salaries and Deferred Compensation. Pay any deferred compensation to any officers of the Company or increase the compensation of its officers or senior management without the prior written consent of the Agent, which consent will not be withheld unreasonably.
Salaries and Deferred Compensation. 70 10.23 Transactions with Affiliates........................................... 70 10.24 Post-Closing Matters................................................... 70 10.25 Bond Documents......................................................... 70 TABLE OF CONTENTS CONTINUED
Salaries and Deferred Compensation. Deferred Compensation Plan – Special Benefit for Hires after January 1, 2010: Commencing April 1, 2010 and for the duration of this Agreement, the County will contribute one hundred fifty dollars ($150) per month to an employee's account in the Contra Costa County Deferred Compensation Plan or other designated tax qualified savings vehicle, for employees who meet all of the following qualifications:
1. The employee was first hired by Contra Costa County on or after January 1, 2010 and,
2. The employee is a permanent full-time or permanent part-time employee regularly scheduled to work at least 20 hours per week and has been so employed for at least 90 calendar days; and,
3. The employee defers a minimum of twenty-five dollars ($25) per month to the Contra Costa County Deferred Compensation Plan or other designated tax qualified savings vehicle; and,
4. The employee has completed, signed and submitted to the Human Resources Department, Employee Benefits Service Unit the required enrollment form for the account, e.g. the Enrollment Form 457 (b).
5. The annual maximum contribution as defined under the relevant Internal Revenue Code provision has not been exceeded for the employee's account for the calendar year. Employees who discontinue deferral or who defer less than the amount required by this provision for a period of one (1) month or more will no longer be eligible to receive the County contribution. To re-establish eligibility, employees must resume deferring the amount required by this provision. No amount deferred by the employee or contributed by the County in accordance with this provision will count towards the “Base Contribution Amount” or the “Monthly Base Contribution Amount for Maintaining Program Eligibility” required for the County's Deferred Compensation Incentive in any other provision in this Agreement. No amount deferred by the employee or contributed by the County in accordance with any other provision in this Agreement will count toward the minimum required deferral required by this provision. The County's contribution amount in accordance with this provision will be in addition to the County contribution amount for which the employee may be eligible in accordance with any other provision in this contract. Both the employee deferral and the County contribution to the Contra Costa County Deferred Compensation Plan under this provision, as well as any amounts deferred or contributed to the Contra Costa County Deferred Compensation Plan in...
Salaries and Deferred Compensation. 17.1 Effective January 1, 2007:
17.2 Effective January 1, 2008:
Salaries and Deferred Compensation