Common use of Describe Automatic Deferral Clause in Contracts

Describe Automatic Deferral. [Note: Under Election 19(b)(6), the Employer may describe Automatic Deferral provisions from the elections available under Election 19 and/or a combination thereof as to a Participant group, subject to the operational capabilities of the Vendor (e.g., automatic Deferrals do not apply to Campus A Employees OR all Campus B Employee/Participants are subject to an Automatic Deferral Amount equal to 3% of Compensation effective as of January 1, 2017).]

Describe Automatic Deferral. [Note: Under Election 19(b)(621(b)(4), the Employer may describe Automatic Deferral provisions from the elections available under Election 19 21 and/or a combination thereof as to a Participant group, subject to the operational capabilities of the Vendor group (e.g., automatic Automatic Deferrals do not apply to Campus Division A Employees OR all Campus Employees. All Division B Employee/Participants are subject to an Automatic Deferral Amount equal to 3% of Compensation effective as of January 1, 20172008).]