Common use of Automatic Increase Clause in Contracts

Automatic Increase. If elected under this subsection (ii), the automatic deferral amount will increase each Plan Year by the following amount: (See Section 3.03 of the Plan.) 🞎 (A) % of Plan Compensation 🞎 (B) $ 🞎 (C) Describe: Any automatic increase elected under this subsection (ii) will not cause the automatic deferral amount to exceed: 🞎 (D) % of Plan Compensation 🞎 (E) $ 🞎 (F) Describe:

Appears in 5 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement

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Automatic Increase. If elected under this subsection (iib), the automatic deferral amount will increase each Plan Year by the following amount: . (See Section 3.03 3.03(c) of the Plan.) πŸžŽβ–‘ (1A) % of Plan Compensation οΏ½β–‘ οΏ½ 2(B) $ but not in excess of β–‘ οΏ½οΏ½ (C) Describe: Any automatic increase elected under this subsection (ii) will not cause the automatic deferral amount to exceed: οΏ½3οΏ½ (D) % of Plan Compensatioβ–‘ n 4🞎 (E)β–‘ $c οΏ½οΏ½ (F) DeApplication of automatic deferral provisions. This automatic deferral election will apply tos β–‘ (1) all Participants who have not entered into a Salary Deferral Election (including an election not to defer under the Plan).cribe:

Appears in 2 contracts

Samples: Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement, 401(k) Plan Adoption Agreement

Automatic Increase. If elected under this subsection (ii2), the automatic deferral amount will increase each Plan Year by the following amount: β–‘ (See Section 3.03 of the Plan.) 🞎 (iA) % of Plan Compensation 🞎 (B) $ 🞎 (C) Describe: Any automatic increase elected under this subsectibut not in excess of β–‘ on (ii) will not cause the automatic deferral amount to exceed: οΏ½οΏ½ (D) % of Plan Compensation 🞎 (E) $ 🞎 (F) DesCompensationcribe:

Appears in 2 contracts

Samples: 401(k) Plan Adoption Agreement, Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement

Automatic Increase. If elected under this subsection (ii2), the automatic deferral amount will increase each Plan Year by the following amount: ο‚£ (See Section 3.03 of the Plan.) 🞎 (iA) % of Plan Compensation 🞎 (B) $ 🞎 (C) Describe: Any automatic increase elected under this subsectibut not in excess of ο‚£ on (ii) will not cause the automatic deferral amount to exceed: οΏ½οΏ½ (D) % of Plan Compensation 🞎 (E) $ 🞎 (F) DesCompensationcribe:

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement

Automatic Increase. If elected under this subsection (iib), the automatic deferral amount will increase each Plan Year by the following amount: . (See Section 3.03 3.03(c) of the Plan.) πŸžŽο‚£ (1A) % of Plan Compensation οΏ½ο‚£ οΏ½ 2(B) $ but not in excess of ο‚£ οΏ½οΏ½ (C) Describe: Any automatic increase elected under this subsection (ii) will not cause the automatic deferral amount to exceed: οΏ½3οΏ½ (D) % of Plan Compensatioο‚£ n 4🞎 (E) $ 🞎 (F) Des$cribe:

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement

Automatic Increase. If elected under this subsection (ii2), the automatic deferral amount will increase each Plan Year by the following amount: ο‚£ (See Section 3.03 of the Plan.) 🞎 (iA) % of Plan Compensation 🞎 (B) $ 🞎 (C) Describe: Any automatic increase elected under this subsectibut not in excess of ο‚£ on (ii) wi% [ll not cauless than 6% nor more than 10%] of Plan Compensation [Note: If se the automatic deferral amount to exceed:percentage under subsection οΏ½1οΏ½ is less than 6(D) % of Plan CompensatioCompensation, an automatic deferral of at least 1% must apply under subsection n 2)(i). If no percentage is entered under subsection (2)(ii), any automatic increase selected under subsection (2)(i🞎 (E) $ 🞎 (F) Deswill not exceed 10% of Plan Compensation.]cribe:

Appears in 1 contract

Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement

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Automatic Increase. If elected under this subsection (ii), the automatic deferral amount will increase each Plan Year by the following amount: (See Section 3.03 of the Plan.) πŸžŽο‚¨ (A) % of Plan Compensation � οΏ½ (B) $  🞎 (C) Describe: Any automatic increase elected under this subsection (ii) will not cause the automatic deferral amount to exceed: 🞎 (D) % of Plan Compensatio n 🞎 (E) $ 🞎 (F) Describe:

Appears in 1 contract

Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement

Automatic Increase. If elected under this subsection (ii), the automatic deferral amount will increase each Plan Year by the following amount: (See Section 3.03 of the Plan.) 🞎¨ (A) % of Plan Compensation �but not in excess of ¨ � (B) $ % [not less than 6% or more than 10%] of Plan Compensation [Note: If the percentage under subsection ��i (C) Describe: Ais less than 6% of Plan Compensation, an automatic deferral of at least 1% must apply under subsection (A). If no percentage is entered under subsection (B), any ny automatic increase electselected ed under this subsection (ii) will not cause the automatic deferral amount to exceed: 🞎 exceed 10(D) % of Plan Compensation 🞎 (E) $ 🞎 (F) DesCompensation.]cribe:

Appears in 1 contract

Samples: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.)

Automatic Increase. If elected under this subsection (ii), the automatic deferral amount will increase each Plan Year by the following amount: . (See Section 3.03 3.03(c) of the Plan.) 🞎þ (A)1 % of Plan Compensation �¨ � (B) $ ¨ 🞎 (C) Describe: Any automatic increase elected under this subsection (ii) will not cause the automatic deferral amount to exceed:þ 🞎 10 (D) % of Plan Compensatio¨ n 🞎 (E)¨ $ 🞎 (F) Describe:

Appears in 1 contract

Samples: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.)

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