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A. Colorado Seminary) to provide a reduction in salary by the amounts indicated below and to provide for the purchase of an annuity or custodial account. This Salary Reduction Agreement may be changed up to three (3) times annually by the employee. 1. The salary or wage reduction specified on this agreement is effective on or after the paycheck issued 15 days following receipt of the salary reduction agreement and the application for deposit of funds. The reduction shall continue and apply to.

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