Changes to Payroll Authorization Sample Clauses

Changes to Payroll Authorization. A Participant may elect to increase or decrease his Payroll Deduction at any time by completing a new Payroll Authorization in accordance with Section 4.2. Such a change to a prior Payroll Deduction shall become effective as of the payroll period in which such election is made provided the new Payroll Authorization is submitted and received in such manner as may be designated from time to time by the Committee by the Election Deadline for such payroll period, and otherwise shall be effective as of the next succeeding payroll period.