Common use of Minimum and Maximum Percentage Clause in Contracts

Minimum and Maximum Percentage. The minimum permitted Elective Deferral percentage is 0 % (enter zero if there is no minimum %) of Compensation and the maximum permitted Elective Deferral percentage is 25 % (max. 100%) of Compensation. Any other Elective Deferral provisions will be set forth in an administrative policy regarding Elective Deferrals as promulgated by the Administrator from time to time. Such administrative policy may include, but is not limited to, setting the maximum Elective Deferral percentage for Participants who are Highly Compensated Employees (if such percentage is less than the maximum percentage set forth above) and describing a program of automatic increases to a Participants’ Elective Deferral percentage as elected by the Administrator and/or the Participant.

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc), 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

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Minimum and Maximum Percentage. The minimum permitted Elective Deferral percentage is 0 0% (enter zero if there is no minimum %) of Compensation and the maximum permitted Elective Deferral percentage is 25 80% (max. 100%) of Compensation. Any other Elective Deferral provisions will be set forth in an administrative policy regarding Elective Deferrals as promulgated by the Administrator from time to time. Such administrative policy may include, but is not limited to, setting the maximum Elective Deferral percentage for Participants who are Highly Compensated Employees (if such percentage is less than the maximum percentage set forth above) and describing a program of automatic increases to a Participants’ Elective Deferral percentage as elected by the Administrator and/or the Participant.

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)

Minimum and Maximum Percentage. The minimum permitted Elective Deferral percentage is 0 % (enter zero if there is no minimum %) of Compensation and the maximum permitted Elective Deferral percentage is 25 90 % (max. 100%) of Compensation. Any other Elective Deferral provisions will be set forth in an administrative policy regarding Elective Deferrals as promulgated by the Administrator from time to time. Such administrative policy may include, but is not limited to, setting the maximum Elective Deferral percentage for Participants who are Highly Compensated Employees (if such percentage is less than the maximum percentage set forth above) and describing a program of automatic increases to a Participants’ Elective Deferral percentage as elected by the Administrator and/or the Participant.

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De)

Minimum and Maximum Percentage. The minimum permitted Elective Deferral percentage is 0 0% (enter zero if there 0 is no minimum %) of Compensation and the maximum permitted Elective Deferral percentage is 25 30% (max. 100%) of 30 Compensation. Any other Elective Deferral provisions will be set forth in an administrative policy regarding Elective Deferrals as promulgated by the Administrator from time to time. Such administrative policy may include, but is not limited to, setting the maximum Elective Deferral percentage for Participants who are Highly Compensated Employees (if such percentage is less than the maximum percentage set forth above) and describing a program of automatic increases to a Participants’ Elective Deferral percentage as elected by the Administrator and/or the Participant.

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Western Digital Corp)

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Minimum and Maximum Percentage. The minimum permitted Elective Deferral percentage is 0 1% (enter zero if there is no minimum %) of Compensation and the maximum permitted Elective Deferral percentage is 25 80% (max. 100%) of Compensation. Any other Elective Deferral provisions will be set forth in an administrative policy regarding Elective Deferrals as promulgated by the Administrator from time to time. Such administrative policy may include, but is not limited to, setting the maximum Elective Deferral percentage for Participants who are Highly Compensated Employees (if such percentage is less than the maximum percentage set forth above) and describing a program of automatic increases to a Participants’ Elective Deferral percentage as elected by the Administrator and/or the Participant.

Appears in 1 contract

Samples: 401(k) Adoption Agreement (Pacific Capital Bancorp /Ca/)

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