Common use of Maximum Deferrals Clause in Contracts

Maximum Deferrals. (a) The maximum annual amount and/or percentage by which a Participant may elect to have his or her Includible Compensation reduced and contributed to the Plan as Deferred Compensation (other than as a catch-up contribution) is equal to (check one): X The Dollar Limitation (e.g., the amounts set forth in the chart below) and Percentage Limitation (e.g., 100% of Includible Compensation) in effect under Code section 457(b)(2) for the applicable Plan Year. Year Dollar Limitation 2017 $18,000 2018 and later As adjusted for the cost-of-living □ Other (complete Items 9(a)(i) and 9(a)(ii), as necessary):

Maximum Deferrals. (a) The maximum annual amount and/or percentage by which a Participant may elect to have his or her Includible Compensation reduced and contributed to the Plan as Deferred Compensation (other than as a catch-up contribution) is equal to (check one): X □ The Dollar Limitation (e.g., the amounts set forth in the chart below) and Percentage Limitation (e.g., 100% of Includible Compensation) in effect under Code section 457(b)(2) for the applicable Plan Year. Year Dollar Limitation 2017 $18,000 2018 and later As adjusted for the cost-of-living □ X Other (complete Items 9(a)(i) and 9(a)(ii), as necessary):