First time posting and from mobile, Hope it formats right. Company name has been removed for privacy. Just received this agreement from employer, wanted to get antiworks take on this. Slightly long as there's a few points. Have not signed yet.
Thank you.
WAGE DEDUCTION AUTHORIZATION AGREEMENT
I understand and agree that my employer, may deduct money from my pay from time to time for reasons that fall into the following categories:
1. My share of the premiums for the group medical/dental plan, and/or any insurance premiums or retirement contributions (“payments”) made on my behalf that I would normally make under the applicable benefit plan, the amount of such payments made by the “company” such payments being an advance of future wages payable to me.
2. Any contributions I may make into a retirement or pension plan sponsored, controlled, or managed by the “company”
3. Installment payments on loans, wage advances, and if there is a balance remaining when I leave “company” the balance of such loans, wage and/or bonus advances.
4. “Company” credit card purchases that I use for my own personal benefit, including the value of merchandise or services that I purchase or have purchased for personal, non-business reasons and if there is a balance remaining when I leave the “company” the balance of such charges.
5. If I receive an overpayment of wages for any reason, repayment to the “company” of such overpayments (the deduction for such a repayment will equal the entire amount of the overpayment, unless the “company” and I agree in writing to a series of smaller deductions in specified amounts).
6. The cost to “company” of personal expenses using Company equipment or accounts.
7. The cost of repairing or replacing any “company” supplies, materials, equipment, money, or other property that I may damage (other than normal wear and tear), lose, fail to return, or take without appropriate authorization from the “company” during my employment (except in the case of misappropriation of money by me, I understand that no such deduction will take my pay below minimum wage, or, if I am a salaried exempt employee, reduce my salary below its predetermined amount).
8. The cost of “company” uniforms and of cleaning the uniforms if applicable.
9. The reasonable cost or fair value, whichever is less, of meals, lodging, and other facilities furnished to me by the “company” in connection with my employment.
10. Administrative fees in connection with court-ordered garnishments or legally required wage attachments of my pay, limited in extent to the amount or amounts allowed under applicable laws.
11. If I take paid time off in advance of the date, I would normally be entitled to it and I separate from the “company” before accruing time to cover such advance leave, the value of such leave taken in advance that is not so covered.
12. The value of any time off for absences to which paid leave is not applied.
I agree that the “company” may deduct money from my pay under the above circumstances, or if any of the above situations occur. I further understand that the “company” has stated its intention to abide by all applicable federal and Texas wage and hour laws and that if I believe that any such law has not been followed, I have the right to file a wage claim with appropriate Texas and federal agencies.