Common use of Automatic deferral election Clause in Contracts

Automatic deferral election. (See Section 2.3(a)(2) of the BPD.) An Eligible Participant will automatically defer___% of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on or after ___. This automatic deferral election will apply to: [ ] a. all Eligible Participants. [ ] b. only those Employees who become Eligible Participants on or after the following date:

Appears in 2 contracts

Samples: 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)

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Automatic deferral election. (See Section 2.3(a)(2) of the BPD.) An Effective January 1, 2006, an Eligible Participant will automatically defer___% defer 2% of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on or after ___election. This automatic deferral election will apply to: [ ] : þ a. all Eligible Participants. [ ] . o b. only those Employees who become Eligible Participants on or after the following date:

Appears in 2 contracts

Samples: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)

Automatic deferral election. (See Section 2.3(a)(2) of the BPD.) An Eligible Participant will automatically defer___% defer ____ % of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on or after ____. This automatic deferral election will apply to: [ ] a. all Eligible Participants. [ ] b. only those Employees who become Eligible Participants on or after the following date:

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Books a Million Inc)

Automatic deferral election. (See Section 2.3(a)(2) of the BPD.) An Eligible Participant will automatically defer___% defer _1_% of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on or after ___the expiration of a 30 days notification period. This automatic deferral election will apply to: [ ] a. all Eligible Participants. [ [X] b. b only those Employees who become Eligible Participants on or after the following date:

Appears in 1 contract

Samples: Defined Contribution Plan and Trust (National Penn Bancshares Inc)

Automatic deferral election. (See Section 2.3(a)(2) of the BPD.) An Eligible Participant will automatically defer___% defer % of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on or after ___. This automatic deferral election will apply to: [ ] a. oa. all Eligible Participants. [ ] b. ob. only those Employees who become Eligible Participants on or after the following date:: o15.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Allegiant Travel CO)

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Automatic deferral election. (See Section 2.3(a)(2) of the BPD.) An Eligible Participant will automatically defer___% defer _% of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on or after after___. This automatic deferral election will apply to: [ ] a. all Eligible Participants. [ ] b. only those Employees who become Eligible Participants on or after the following date:: _______________________________________________________________________

Appears in 1 contract

Samples: Profit Sharing/401(k) Plan Adoption Agreement (Capital Corp of the West)

Automatic deferral election. (See Section 2.3(a)(2) of the BPD.) An Eligible Participant will automatically defer___% defer % of Included Compensation for each payroll period, unless the Eligible Participant makes a contrary Salary Reduction Agreement election on or after ___. This automatic deferral election will apply to: [ ] a. all Eligible Participants. [ ] b. only those Employees who become Eligible Participants on or after the following date:

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Peoples Holding Co)

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