Common use of Deferral Agreement Clause in Contracts

Deferral Agreement. (1) An Eligible Employee may make an irrevocable Deferral Agreement to make a Salary Reduction Contribution in one (1) percent increments, not to exceed the percentage of Compensation specified in the Adoption Agreement, by the end of the Election Period preceding the Taxable Year in which such Compensation subject to the Salary Reduction Contribution is earned.

Appears in 4 contracts

Samples: S&t Bancorp Inc, Plan Document (Smith & Wesson Holding Corp), Adoption Agreement (Acadia Healthcare Company, Inc.)

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