Automatic changes Sample Clauses

Automatic changes. If the cost of a qualified Benefit, to which Participants contribute through elective contributions, increases (or decreases) during a period of coverage, the Plan Administrator shall, on a reasonable and consistent basis, automatically make a prospective increase (or decrease) in the affected Participants’ elective contributions for that Benefit.
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Automatic changes. If the cost of a benefit under the Plan increases or decreases during the Participation Year, a corresponding change will automatically be made in the Participants' Premiums under the Plan.

Related to Automatic changes

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Automatic Conversion Upon the automatic conversion of all outstanding shares of the series of equity securities comprising the Exercise Shares, this Warrant shall become exercisable for that number of shares of Common Stock of the Company into which the Exercise Shares would then be convertible, so long as such shares, if this Warrant had been exercised prior to such offering, would have been converted into shares of the Company’s Common Stock pursuant to the Company’s Certificate of Incorporation. In such case, all references to “Exercise Shares” shall mean shares of the Company’s Common Stock issuable upon exercise of this Warrant, as appropriate.

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

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