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Get Agreement For Salary Reduction Under Section 403 ... - Elon University

We agree as follows: Effective for amounts paid on or after Date (mm/dd/yyyy) Last Name First Name which date is subsequent to the execution of this Agreement, the Employee's salary will be reduced by the amount indicated below. At the same time, the Institution will contribute a corresponding amount to the Employee's annuity contracts (or custodial accounts), which the Employee will allocate among the funding vehicles approved by the Institution. This Agreement shall be legally binding and.

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