ELECTIVE DEFERRALS BASED ON BONUSES Sample Clauses
ELECTIVE DEFERRALS BASED ON BONUSES. Instead of or in addition to making Elective Deferrals through payroll deduction, may a Contributing Participant elect to contribute to the Plan, as an Elective Deferral, part or all of a bonus rather than receive such bonus in cash? (Choose one) OPTION 1: / / Yes. OPTION 2: / / No. NOTE: If no option is selected, Option 2 will be deemed to be selected.
ELECTIVE DEFERRALS BASED ON BONUSES. Instead of or in addition to making Elective Deferrals through payroll deduction, may a Contributing Participant elect to contribute to the Plan, as an Elective Deferral, part or all of a bonus rather than receive such bonus in cash? (Choose one) Option 1: o Yes.
Option 2: ý No. NOTE: If no option is selected, Option 2 will be deemed to be selected.