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 rate 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].
Appears in 2 contracts
Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Defined Contribution Plan (Savannah Bancorp Inc)
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 rate 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].
Appears in 2 contracts
Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Adoption Agreement (Connecticut Water Service Inc / Ct)
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].
o i. On an annual basis the Elective Deferral rate under the Plan shall be increased up to a maximum amount determined by the Employer.
o 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].
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp)
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].
o i. On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.
o 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].
i. On an annual basis the Elective Deferral rate 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].
Appears in 1 contract
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 rate 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].
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (United Community Bancorp)