Nonhighly Compensated Employee limit. □ (i) % of Plan Compensation and/or Sample Document □ (ii) $ during the following period: □ (iii) Plan Year. □ (iv) the portion of the Plan Year during which the individual is eligible to participate. □ (v) each separate payroll period during which the individual is eligible to participate. [Note: Any percentage or dollar limit imposed on Nonhighly Compensated Employees under (i) and/or (ii) above may not be lower than the percentage or dollar limit imposed on Highly Compensated Employees under (a) above.] □ (c) Special limit for bonus payments. Notwithstanding any limits under (a) or (b) above, a Participant may defer up to % (not to exceed 100%) of any bonus payment (subject to the Elective Deferral Dollar Limit and the Code §415 Limitation, as defined in Sections 5.02 and 5.03 of the Plan). [Note: If this (c) is checked, bonus payments may not be excluded from Plan Compensation in the Deferral column under AA §5-2(e).]
Nonhighly Compensated Employee limit. ¨ (i) % of Plan Compensation ¨ (ii) $ during the following period: ¨ (iii) Plan Year. ¨ (iv) the portion of the Plan Year during which the individual is eligible to participate. ¨ (v) each separate payroll period during which the individual is eligible to participate. [Note: Any percentage or dollar limit imposed on Nonhighly Compensated Employees under (i) and/or (ii) above may not be lower than the percentage or dollar limit imposed on Highly Compensated Employees under (a) above. If both (i) and (ii) are checked, the deferral limit is the lesser of the amounts selected.]
