Common use of Salary Deferral Agreement Limitations Clause in Contracts

Salary Deferral Agreement Limitations. (a) Employer's right to amend the Salary Deferral Agreement. The Employer may limit, revoke, or amend its agreement to make tax-deferred contributions under Section 3.03 on behalf of any Participant at any time, but only if it determines that such limitation, revocation or amendment is necessary under one of the following circumstances:

Salary Deferral Agreement Limitations. (a) Employer's ’s right to amend the Salary Deferral Agreement. The Employer may limit, revoke, or amend its agreement to make tax-deferred contributions under Section 3.03 on behalf of any Participant at any time, but only if it determines that such limitation, revocation or amendment is necessary under one of the following circumstances: