Protection of Persons Who Serve in a Uniformed Service. An Employee whose employment is interrupted by qualified military service under section 414(u) of the Code or who is on a leave of absence for qualified military service under section 414(u) of the Code may elect to make additional Elective Deferrals upon resumption of employment with the Employer equal to the maximum Elective Deferrals that the Employee could have elected during that period if the Employee’s employment with the Employer had continued (at the same level of Compensation) without the interruption or leave, reduced by the Elective Deferrals, if any, actually made for the Employee during the period of the interruption or leave. Except to the extent provided under section 414(u) of the Code, this right applies for five years following the resumption of employment (or, if sooner, for a period equal to three times the period of the interruption or leave).
Appears in 4 contracts
Samples: Adoption Agreement, Adoption Agreement for 403(b) Plan, Adoption Agreement for 403(b) Plan
Protection of Persons Who Serve in a Uniformed Service. An Employee whose employment is interrupted by qualified military service under Code section 414(u) of the Code or who is on a leave of absence for qualified military service under Code section 414(u) of the Code may elect to make additional Elective Annual Deferrals upon resumption of employment with the Employer equal to the maximum Elective Annual Deferrals that the Employee could have elected during that period if the Employee’s employment with the Employer Em- ployer had continued (at the same level of Compensation) without the interruption or leave, reduced by the Elective Annual Deferrals, if any, actually made for the Employee during the period of the interruption or leave. Except to the extent provided under section 414(u) of the Code, this This right applies for five years following the resumption of employment (or, if sooner, for a period equal to three times the period of the interruption or leave).
Appears in 2 contracts
Samples: 457(b) Custodial Account Agreement, 457(b) Custodial Account Agreement
Protection of Persons Who Serve in a Uniformed Service. An Employee whose employment is interrupted by qualified military service under section Code §414(u) of the Code or who is on a leave of absence for qualified military service under section Code §414(u) of the Code may elect to make additional Elective Deferrals upon resumption of employment with the Employer equal to the maximum Elective Deferrals that the Employee could have elected during that period if the Employee’s employment with the Employer had continued (at the same level of Compensation) without the interruption or leave, reduced by the Elective Deferrals, if any, actually made for the Employee during the period of the interruption or leave. Except to the extent provided under section Code §414(u) of the Code), this right applies for five years following the resumption of employment (or, if sooner, for a period equal to three times the period of the interruption or leave).
Appears in 2 contracts
Samples: Tax Sheltered Annuity Plan, i.r.s. Code Section 403(b) Master Plan
Protection of Persons Who Serve in a Uniformed Service. An Employee whose employment is interrupted by qualified military service under section Code Section 414(u) of the Code or who is on a leave of absence for qualified military service under section Code Section 414(u) of the Code may elect to make additional Elective Annual Deferrals upon resumption of employment with the a Participating Employer equal to the maximum Elective Annual Deferrals that the Employee could have elected during that period if the Employee’s employment with the a Participating Employer had continued (at the same level of Compensation) without the interruption or leave, reduced by the Elective Annual Deferrals, if any, actually made for the Employee during the period of the interruption or leave. Except to the extent provided under section 414(u) of the Code, this This right applies for five (5) years following the resumption of employment (or, if sooner, for a period equal to three (3) times the period of the interruption or leave).
Appears in 1 contract
Protection of Persons Who Serve in a Uniformed Service. An Employee whose employment is interrupted by qualified military service under section Section 414(u) of the Code or who is on a leave of absence for qualified military service under section Section 414(u) of the Code may elect to make additional Elective Deferrals upon resumption of employment with the Employer equal to the maximum Elective Deferrals that the Employee could have elected during that period if the Employee’s 's employment with the Employer had continued (at the same level of Compensation) without the interruption or leave, reduced by the Elective Deferrals, if any, actually made for the Employee during the period of the interruption or leave. Except to the extent provided under section Section 414(u) of the Code, this right applies for five years following the resumption of employment (or, if sooner, for a period equal to three times the period of the interruption or leave).
Appears in 1 contract
Samples: 403(b) Retirement Plan Document
Protection of Persons Who Serve in a Uniformed Service. An Employee whose employment is interrupted by qualified military service under section 414(u) of the Code or who is on a leave of absence for of qualified military service under section 414(u) of the Code may elect to make additional Elective Deferrals upon resumption of employment with the Employer equal to the maximum Elective Deferrals that the Employee could have elected during that period if the Employee’s employment with the Employer had continued (at the same level of Compensation) without the interruption or leave, reduced by the Elective Deferrals, if any, actually made for the Employee during the period of the interruption or leave. Except to the extent provided under section 414(u) of the Code, this right applies for five 5 years following the resumption of employment (or, if sooner, for a period equal to three 3 times the period of the interruption or leave).
Appears in 1 contract
Samples: 403(b) Plan