Common use of Automatic deferral election Clause in Contracts

Automatic deferral election. Upon becoming eligible to make Salary Deferrals under the Plan (pursuant to AA §3), a Participant will be deemed to have entered into a Salary Deferral Election for each payroll period, unless the Participant completes a Salary Deferral Election (subject to the limitations under AA §6A-2 and AA §6A-3) in accordance with procedures adopted by the Plan Administrator.

Automatic deferral election. Upon becoming eligible to make Salary Deferrals under the Plan (pursuant to AA §33 and AA §4), a Participant will be deemed to have entered into a Salary Deferral Election for each payroll period, unless the Participant completes a Salary Deferral Election (subject to the limitations under AA §6A-2 and AA §6A-3) in accordance with procedures adopted by the Plan Administrator.

Automatic deferral election. Upon becoming eligible to make Salary Deferrals under the Plan (pursuant to AA §33 and AA §4), a an Eligible Participant will be deemed to have entered into a Salary Deferral Election with a 2% of Total Compensation deferral election for each payroll period, unless the Participant completes makes a contrary Salary Deferral Election (subject to the limitations under AA §6A-2 and AA §6A-3) in accordance with procedures adopted Reduction Agreement. Unless designated otherwise by the Plan AdministratorParticipant, any Salary Deferrals made pursuant to an automatic deferral election will be treated as Pre-Tax Salary Deferrals.