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Get NJ NJIT Salary Reduction Agreement 2007-2024

______, the employee’s biweekly contractual salary will be reduced by the amount indicated below, and allocated to the investment carrier as designated by the employee. It is agreed that no more than four agreements for salary reduction may be made within any taxable year; the Agreement will be reinstated as of the beginning of the next taxable year. This Agreement is legally binding and irrevocable with respect to amounts earned while it is in effect, however either party may terminate or mod.

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