Automatic Enrollment. The Employer elects the automatic enrollment provisions for Elective Deferrals as follows. Automatic enrollment in Xxxx Elective Deferrals is not permitted under the Plan. The automatic enrollment provisions apply to all eligible Employees. Employees and Participants shall have the right to amend the stated automatic Elective Deferral percentage or receive cash in lieu of deferral into the Plan.
Appears in 13 contracts
Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (First Northwest Bancorp), Nonstandardized Adoption Agreement (1st Constitution Bancorp)
Automatic Enrollment. The Employer elects the automatic enrollment provisions for Elective Deferrals as follows. Automatic enrollment in Xxxx Rxxx Elective Deferrals is not permitted under the Plan. The automatic enrollment provisions apply to all eligible Employees. Employees and Participants shall have the right to amend the stated automatic Elective Deferral percentage or receive cash in lieu of deferral into the Plan.
Appears in 1 contract
Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc)
Automatic Enrollment. The Employer elects the automatic enrollment provisions for Elective Deferrals as follows. Automatic enrollment in Xxxx Elective Deferrals is not permitted under the Plan. The automatic enrollment provisions apply to all eligible Employees. Employees and Participants shall have the right to amend the stated automatic Elective Deferral percentage or receive cash in lieu of deferral into the Plan.. DE3 12 401(k) NS AA #010
Appears in 1 contract
Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc)
