Salary Offset Clause Samples

A Salary Offset clause allows an employer to deduct certain amounts from an employee’s salary to recover debts or overpayments owed by the employee. Typically, this clause outlines the circumstances under which deductions can be made, such as for advances, mistaken payments, or other financial obligations, and may specify limits or procedures for such offsets. Its core practical function is to provide a clear mechanism for employers to recoup funds directly from wages, thereby reducing administrative burdens and ensuring financial accountability.
Salary Offset. For purposes of Sections 10 and 11 of this Agreement, regardless of whether the Company offsets any amount against the Employee's salary as a Salary Offset, the Employee's Base Salary shall equal $150,000. The Board shall review, not less often than annually, the rate of the Employee's salary, and, in its sole discretion, may decide to increase his salary;
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Salary Offset. In the event that salary offset is requested by the Bank for collection of your account balance, and unless prohibited by your Agency/Organization, a fee will be assessed to your account. The amount of the fee appears on the accompanying Table of Fees and Charges.
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Salary Offset. 1150.20 What debts are included or excluded from coverage of these regulations on salary offset? (a) The regulations in this subpart provide Endowment procedures for the collection by salary offset of a Federal employee’s pay to satisfy certain debts owed to the Endowment or to other Federal agencies. (b) The regulations in this subpart do not apply to any case where collection of a debt by salary offset is explicitly provided for or prohibited by another statute. (c) Nothing in the regulations in this subpart precludes the compromise, sus- pension, or termination of collection actions under the Federal Claims Col- lection Act of 1966, as amended, or the Federal Claims Collection Standards.
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Salary Offset. Employer shall offset against the Commissions paid pursuant to the Commission 2 Initial ISH Initial YS Structure all Salary paid pursuant to paragraph 3.1 above.
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Salary Offset. When the debtor is an employee, or a member of the Armed Forces or a reserve component of the Armed Forces, OPM may effect collection action by offset of the debt- or’s pay in accordance with 5 U.S.C. 5514 and 5 CFR 550.1101 et seq. Due proc- ess described in § 831.1304 will apply.
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Related to Salary Offset

  • Salary and Bonus Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Salary/Wages Grantee shall list personnel involved, position classification, direct salary rates, and hours spent on the Project in accordance with Attachment 3, Grant Work Plan in their documentation for reimbursement or match requirements.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.