First 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 first Plan Year following the date automatic contributions begin.
Appears in 6 contracts
Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement
First Plan Year. Instead of applying as of the second Plan Year, the automatic increase described in subsection (2)(ii) or (3)(ii), as applicable, takes effect as of the appropriate date (as designated under subsection (iii) below) within the first Plan Year following the date automatic contributions begin.
Appears in 1 contract
Samples: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.)
First 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 first Plan Year following the date automatic contributions begin.
Appears in 1 contract
Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement
First 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 first Plan Year following the date automatic contributions begin.
Appears in 1 contract
Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement
