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Current Participants Sample Clauses

Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of ________% of Compensation or $________ of Compensation.
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of ________% (not more than 10%) of Compensation or $________ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable]. i. On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer. ii. After _____ Years of Service, the amount specified above shall increase to _____% (no more than 10%) or $_______ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].
Current Participants. The automatic deferral provisions apply to all other eligible Participants as follows: (A) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election (including an election not to defer under the Plan). (B) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election that is at least equal to the automatic deferral amount under subsection (2)(i), as applicable. Current Participants who have made a Salary Deferral Election that is less than the automatic deferral amount or who have not made a Salary Deferral Election will automatically be increased to the automatic deferral amount unless the Participant enters into a new Salary Deferral election on or after the effective date of the automatic deferral provisions.
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of % (not more than 6%) of Compensation or $ [may be no more than the Code §402(g) limit and Code §414(v) limit, if applicable]. i. On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer. ii. After Years of Service, the amount specified above shall increase to % (no more than 6%) or $ [may be no more than the Code §402(g) limit and Code §414(v) limit, if applicable].
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of % (not more than 10%) of Compensation or $ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].
Current Participants. In all events, the Settlement Administrator shall complete all payment calculations for all Current Participants by no later than within forty-five (45) calendar days after the Settlement Effective Date. Within five (5) calendar days after the Settlement Administrator has completed all payment calculations for all Current Participants, the Settlement Administrator will provide the Plan Administrator with an Excel spreadsheet containing the name, Social Security number, and amount of the settlement payment to be made into the Active Account(s) for each of the Current Participants. Thereafter, within fourteen (14) calendar days written notice to the Plan Administrator, the Settlement Administrator shall effect a transfer from the Qualified Settlement Fund to the Plan’s trustee of the aggregate amount of all settlement payments payable to Current Participants, as reflected in the Plan Distribution Allocation File provided by the Settlement Administrator. The Plan’s trustee will credit the individual Active Account(s) of each Current Participant in an amount equal to that stated on the spreadsheet provided by the Settlement Administrator in relation to such Current Participant. The settlement payment for each Current Participant will be invested in accordance with and proportionate to such Current Participant’s investment elections then on file. If there is no investment election on file for any Current Participant, then such Current Participant shall be deemed to have directed such payment to be invested in the relevant Plan’s “Qualified Default Investment Alternative,” as defined in 29 C.F.R. § 2550.404c-5. The Settling Parties understand the Plan’s Recordkeeper will process all Current Participant transactions within thirty (30) calendar days of receiving direction from the Settlement Administrator for any Current Participant.
Current Participants. Each individual who was a Participant on December 31, 1998 shall continue to be a Participant subject to the terms of the Plan.
Current Participants. The automatic deferral provisions apply to all other eligible Participants as follows: (A) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election (including an election not to defer under the Plan). (B) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election that is at least equal to the automatic deferral amount under subsection (2)(i). Current Participants who have made a Salary Deferral Election that is less than the automatic deferral amount or who have not made a Salary Deferral Election will automatically be increased to the automatic deferral amount unless the Participant enters into a new Salary Deferral election on or after the effective date of the automatic deferral provisions. (C) Describe: [Note: Any special provisions under subsection (C) must comply with the nondiscrimination requirements under Code §401(a)(4).]
Current Participants. The automatic deferral provisions apply to all other eligible Participants as follows: (A) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election (including an election not to defer under the Plan). (B) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election that is at least equal to the automatic deferral amount under subsection (2)(i) or (3)(i), as applicable. Current Participants who have made a Salary Deferral Election that is less than the automatic deferral amount or who have not made a Salary Deferral Election will automatically be increased to the automatic deferral amount unless the Participant enters into a new Salary Deferral election on or after the effective date of the automatic deferral provisions. (C) Automatic deferral provisions do not apply to current Participants. Only new Participants described in subsection (i) are subject to the automatic deferral provisions. [Note: This subsection (C) may not be selected if the Plan is a QACA under subsection (3). Also see Section 3.03(c)(2)(i) of the Plan for the application of this subsection under an EACA.] (D) Describe: [Note: Any special provisions under subsection (D) must comply with the nondiscrimination requirements under Code §401(a)(4).]
Current Participants. (1) The Settlement Administrator shall complete the calculations for all Current Participants who have a Final Entitlement Amount within forty-five (45) days after the Effective Date of Settlement. Within seven (7) days thereafter, the Settlement Administrator shall provide the Plan’s recordkeeper with a spreadsheet containing the name, social security number, and amount of the Final Entitlement Amount to be made into each Current Participant’s Plan account (“Plan Distribution Allocation File”). Within fourteen (14) days thereafter, the Settlement Administrator shall transfer to the Plan’s trustee the aggregate amount of all Final Entitlement Amounts payable to Current Participants (“Aggregate Final Entitlement Amounts”), as reflected in the Plan Distribution Allocation File. (2) The Aggregate Final Entitlement Amounts will be held in an account established by the Plan’s recordkeeper named the “Settlement Account” until they are allocated to Current Participants accounts. (3) The Final Entitlement Amount for each Current Participant will be invested in accordance with the Current Participant’s current investment elections as proportionately as reasonably practicable. If a Current Participant has no investment election in effect, then his or her Final Entitlement Amount will be invested in the Plan’s “Qualified Default Investment Alternative.” The Plan’s recordkeeper will credit the individual account of each Current Participant in an amount equal to that stated on the Plan Distribution Allocation File within thirty (30) business days of receiving the funds from the Settlement Administrator. No taxes will be withheld from the Final Entitlement Amounts payable to Current Participants. (4) Any earnings on the Aggregate Final Entitlement Amounts held in the Holding Account shall be allocated to Current Participants as proportionately as reasonably practical, rounded to the nearest xxxxx. Depending on the amount of earnings, if any, on the Aggregate Final Entitlement Amounts some Current Participants may not receive an allocation from the investment earnings on the Aggregate Final Entitlement Amounts. (5) Neither Defendants nor the Plan’s recordkeeper is exercising, or shall be deemed to be exercising, discretion when the recordkeeper allocates Final Entitlement Amounts to Current Participants. Any Current Participant that becomes a Former Participant prior to the Court entering the Final Approval Order will receive their Settlement payment as described below f...