Common use of Elective Deferrals - Not Required Clause in Contracts

Elective Deferrals - Not Required. You are not required to make elective deferrals under this SIMPLE Retirement Plan. However, if the Employer is matching your elective deferrals, no Employer contribution will be made on your behalf unless you elect to defer under the plan.

Elective Deferrals - Not Required. You are not required to make elective deferrals under this SIMPLE Retirement Plan. However, if the Employer is matching your elective deferralsdefer- rals, no Employer contribution will be made on your behalf unless you elect to defer under the plan.