Common use of Period for Salary Deferral Clause in Contracts

Period for Salary Deferral. The maximum period for salary deferral is six (6) years. During this period, the maximum percentage of salary deferred shall not exceed the following: • one year - 33 1/3% • two years - 33 1/3% • three years - 33 1/3% • four years - 25% • five years - 20% • six years - 16 2/3% Once per year, the participants may upon one (1) month’s written notice to the University, alter their percentage amounts for the next or any subsequent year.

Period for Salary Deferral. The maximum period for salary deferral is six (6) years. During this period, the maximum percentage of salary deferred shall not exceed the following: • one year - 33 1/3% • two years - 33 1/3% • three years - 33 1/3% • four years - 25% • five years - 20% • six years - 16 2/3% Once per year, the participants may upon one (1) month’s written notice to the UniversityCollege, alter their percentage amounts for the next or any subsequent year.

Period for Salary Deferral. The maximum period for salary deferral is six (6) years. During this period, the maximum percentage of salary deferred shall not exceed the following: •  one year - 33 1/3% •  two years - 33 1/3% •  three years - 33 1/3% •  four years - 25% •  five years - 20% •  six years - 16 2/3% Once per year, the participants may upon one (1) month’s written notice to the University, alter their percentage amounts for the next or any subsequent year.

Period for Salary Deferral. The maximum period for salary deferral is six (6) years. During this period, the maximum percentage of salary deferred shall not exceed the following: • one year - 33 1/3% • two years - 33 1/3% • three years - 33 1/3% • four years - 25% • five years - 20% • six years - 16 2/3% Once per year, the participants may upon one (1) month’s written notice to the UniversityEmployer, alter their percentage amounts for the next or any subsequent year.