Non-Evergreen election. Any election made by the Participant shall only remain in effect for the current election period and will then expire. An election for each subsequent year will be required as permitted in Sections 4.1 and 4.2.
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Samples: Deferred Compensation Plan (Everus Construction Group, Inc.), Executive Nonqualified Excess Plan Adoption Agreement (Webster Financial Corp), Deferred Compensation Plan (Mdu Resources Group Inc)
Non-Evergreen election. Any election made by the Participant shall only remain in effect for the current election period and will then expire. An election for each subsequent year will be required as permitted in Sections 4.1 and 4.2.
Section 5.1 of the Adoption Agreement shall be amended to read as follows:
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Non-Evergreen election. Any election made by the Participant shall only remain in effect for the current election period and will then expire. An election for each subsequent year will be required as permitted in Sections 4.1 and 4.24.
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Samples: Executive Nonqualified Excess Plan Adoption Agreement (Federal Agricultural Mortgage Corp)
Non-Evergreen election. Any election made by the Participant shall only remain in effect for the current election period and will then expire. An election for each subsequent year will be required as permitted in Sections 4.1 and 4.2.. XX(c)Other: See Exhibit A
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