Common use of Designated Plan Year Clause in Contracts

Designated Plan Year. Instead of applying as of the second Plan Year, the automatic increase described in subsection (2)(ii), as applicable, takes effect as of the appropriate date (as designated under subsection (iii) below) within the Plan Year following the Plan Year in which the automatic deferral election first becomes effective with respect to a Participant.

Designated Plan Year. Instead of applying as of the second Plan Year, the automatic increase described in subsection (2)(ii), as applicable, 2) above takes effect as of the appropriate date (as designated under subsection (iii) below) within the Plan Year following the Plan Year in which the automatic deferral election first becomes effective with respect to a Participant.

Designated Plan Year. Instead of applying as of the second Plan Year, the automatic increase described in subsection (2)(ii), as applicable, ) takes effect as of the appropriate date (as designated under subsection (iii) below) within the Plan Year following the Plan Year in which the automatic deferral election first becomes effective with respect to a Participant.