Salary Reduction Amount definition

Salary Reduction Amount means any contribution made by a Participating Company to an employee benefit plan maintained by the Participating Company that is excludable under sections 125, 132(f) or 402(e)(3) of the Code from the gross income of the Employee on whose behalf the contribution is made.

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Salary Reduction Amount means the amount designated by the Covered Employee in a Plan Election authorizing a Participating Employer to reduce the Covered Employee’s compensation received during the Plan Year or portion of the Plan Year to which the Plan Election relates by the amount so designated and to contribute such amount, as a before-tax Participating Employer contribution or an after-tax employee contribution (as determined by the Plan Sponsor), on behalf of the Covered Employee toward the cost of the coverages specified by the Covered Employee in his or her Plan Election for each such type of contribution (to the extent permitted under the Plan).

Salary Reduction Amount means the amount by which a Participant elects to reduce his or her Compensation for the fiscal year pursuant to his or her Stock Option Agreement.

Examples of Salary Reduction Amount in a sentence

Amounts by which a Participant's Compensation is reduced as a Salary Reduction Amount for any calendar month shall be paid to the Trustee as soon as practicable thereafter, but no later than the 15th business day of the next following month.
Subject to the provisions hereinafter set forth in this Article IV, each Participant shall elect to have his Compensation for each Plan Year (or, if such Participant's Entry Date is any day other than the first day of a Plan Year, initially for the period beginning with his Entry Date and ending with the following Anniversary Date, and thereaf ter, for each Plan Year) reduced by such amount as he may select ("Salary Reduction Amount").
Participant and Employer hereby mutually and irrevocably agree that Employer shall reduce and withhold from the Participant’s cash remuneration earned after the Salary Reduction Commencement Date and prior to the Salary Reduction Termination Date the Salary Reduction Amount designated above.
A Participant whose election under this Paragraph A-3 is already in effect may elect to increase or decrease the rate of his Salary Reduction Amount contributions (including an election to suspend or resume such contributions), within the limitations specified above, as of such date as the Committee shall determine in accordance with rules established by the Committee and applied on a uniform basis to all similarly situated Participants.
Please change my current Salary Reduction Amount to the newly selected amount in the “Salary Reduction Election” section below (sign & date on reverse).
Unless otherwise specified herein, the maximum Salary Reduction Amount under the Plan for any Participant shall be the sum of the costs of the most expensive Benefit Options available to the Participant under this Plan, as modified from time to time, and subject to the maximum elections permitted for the Flexible Spending Accounts under Sections 6.06(a) and (b) and for a Health Savings Account under Section 6.06(c).
Notwithstanding any provisions of Article IV to the contrary, an election by e Participant of a Salary Reduction Amount, once made, shall continue in effect until changed by the Participant, except as noted below, end the Participant may increase, decrease or revoke such election during any payroll period to take effect with the succeeding payroll period by giving reasonable prior written notice to the Plan Administrator.
A Participant may modify his Salary Reduction Amount only during a subsequent Salary Reduction Election Period or during such other periods as the Sponsoring Company, in ac cordance with a uniform and non-discriminatory policy, may specify from time to time.
Should the Committee at any time determine that the Salary Reduction Amount elected by a Participant exceeds the limitations found in Paragraph A-5 hereof, any excess (and any earnings allocable thereto) shall be distributed to him in cash as soon as practicable after such excess is discovered, but in no event later than the December 31 following the close of the Plan Year in which such excess Salary Reduction Amount relates.
A Participant’s Compensation shall be reduced by the Salary Reduction Amount before calculation of any applicable federal, state, and local taxes, unless otherwise required by the Code or applicable state or local law.

More Definitions of Salary Reduction Amount

Salary Reduction Amount means the amount credited to a Participant's Account under Section 3(a)(i).

Salary Reduction Amount means the amount credited to a Participant’s Account under Section 3(a)(i).

Salary Reduction Amount means the amount which the Employee has elected as a reduction in this compensation.

Related to Salary Reduction Amount

Salary reduction plan means a benefit plan whereby state and
Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.