First Year of Increase. The Automatic Escalation provision will apply to a Participant beginning with the first Change Date after the Participant files a Salary Reduction Agreement (or, if sooner, the effective date of this Election, or, as appropriate, any amendment thereto), unless otherwise elected below:
a. [ ] The escalation provision will apply as of the second Change Date thereafter.
b. [ ] Describe first year increase: . (e.g., the increase will apply on the Change Date occurring on or after the Participant has been automatically enrolled for 3 months).
First Year of Increase. The automatic increase under Election 21(b)(3)e. or f. will apply to a Participant beginning with the first Change Date after the Participant first has automatic deferrals withheld, unless a. is selected below:
a. [ ] The increase will apply as of the second Change Date thereafter.
