Salary Deferral Election. If an Employee who is not a Participant wishes to make a Rollover Contribution to the Plan, or a Plan-to-Plan Transfer is proposed to be made to the Plan on his behalf, such Employee must execute such forms as the Plan Administrator shall require prior to any such Rollover Contribution or Plan-to-Plan Transfer being accepted by the Plan Administrator on behalf of the Plan. Provided, however, that the Adoption Agreement allows such Rollover Contributions and/or Plan-to-Plan Transfers.
Salary Deferral Election. Each Participant may elect to defer receipt of his Compensation, up to a limit specified in the Adoption Agreement and the other provisions of this Plan, and to have that amount withheld from amounts due to him from the Employer, paid to the Plan and credited to the Participant’s Salary Deferral Account. This election shall be made as follows: For the first Plan Year following or coincident with the Effective Date of this Plan (if this is a newly established plan), the election shall be made as soon as administratively practicable and shall be valid for the remainder of the Plan Year. Thereafter, the election shall be in effect for the period of time designated in the Salary Deferral Agreement, and shall be subject to the provisions of Sections 3.03 and 3.04. The availability of elective deferrals (Salary Deferral Contributions) under the Plan shall not discriminate in favor of Highly Compensated Employees. If provided for in the Adoption Agreement, the Employer may automatically defer a percentage of Compensation identified in the Adoption Agreement for any Employee eligible to participate who (1) has not made an election to defer a portion of Compensation and (2) has not affirmatively opted out of the Plan. Participants subject to this automatic enrollment process will be given prior written notice and a reasonable opportunity to take affirmative action to either elect to defer a portion of Compensation or elect not to participate in the Plan.
Salary Deferral Election. Notwithstanding Section 5 of your ------------------------ Employment Agreement, in consideration of your continued employment by the Company, you hereby elect to defer, from the date hereof through the Expiration Date (as defined below), an amount equal to ten percent (10%) of your 2002 base salary that would otherwise be payable to you during such period (the "Deferred Amount"). The Company shall pay you the Deferred Amount in a lump sum payment, less applicable withholding taxes, on the Expiration Date; provided, that if -------- this letter agreement is earlier terminated, or the Expiration Date is extended, in each case pursuant to Section 2 below, the Company shall pay you the Deferred Amount on the date of such early termination or the expiration date of the Extended Term (as defined below), as applicable.
Salary Deferral Election. Enter an amount that does not exceed the lesser of (1) 100% of your compensation OR (2) the annual elective deferral limit in effect for the current year plus any additional “catch up” contributions. This election supersedes any previous salary reduction election made. If you are setting up a new account, please attach a copy of the account application. Vendor Name Pre-Tax Amount Per Pay* *This amount is reduced from the base compensation paid for one payroll period. The annual amount that you may contribute to the 457 plan may be further reduced by any additional contributions that you make to other employer (including self-employment) plan programs, such as TRS Supplemental Savings, SEP IRAs, SIMPLE IRAs, 401(k) plans and other 457(b) plans. Do/Did you contribute to any other retirement programs during this calendar year including any associated with your prior employer(s)? (This does not include regular state teachers’ retirement plans or Xxxx IRAs and Traditional IRAs) Yes No If yes, please enter the total amount contributed $ Do/Did you participate in any catch up provisions/special elections with your current or former employer(s)? Yes No If yes, please enter the total amount contributed $ Business Office I, the undersigned, hereby declare that I have been furnished a copy of the Plan document and that I have reviewed and understand the provisions contained in that document. If this is the first time that I completed and submitted this Salary Reduction Agreement, I hereby elect to become a participant in this plan. If I have previously completed and submitted a Salary Reduction Agreement, this document is an amendment to the previous submission. I understand that the plan administrator of the plan may refuse to accept this Salary Reduction Agreement if it is not in conformance with the provisions of the plan document. I authorize the employer to withhold from my compensations the amount indicated in the Salary Deferral Election section of this agreement. I understand that this election shall be effective not earlier than the dates specified in the plan document and the amounts deferred from my compensation shall be invested in accordance with the provisions of the plan document. I understand that distributions to me from the plan will be made only upon my termination of services with the employer, retirement, death, or in such other cases or events that are permitted by the provisions of the plan document. I understand that if distribution in the cas...
Salary Deferral Election. ❒ Initial salary deferral election: I authorize and direct my Employer to withhold the following percentage of compensation and to contribute such amount to the SIMPLE Retirement Account ("SRA") which has been established pursuant to the terms of the Plan: % of compensation; or $ , which is % of compensation. This election will be effective and shall continue indefinitely until amended or terminated by me or by operation of the Plan or by law. Such date shall not be contrary to any terms of the Plan. If no date is entered, the Agreement shall become effective as of the first day of the first payroll period immediately following the execution of this Agreement. Total elective deferrals per calendar year shall not exceed the maximum amount allowed by applicable law ($11,500 in 2010, as adjusted for inflation thereafter).
Salary Deferral Election. □ I elect to defer my eligible compensation, for each pay period, in accordance with the following. I understand that my election will apply prospectively and as soon as administratively practicable after it is received by the Plan. Before-Tax % You can elect to make pre-tax contributions, after-tax (Xxxx) contributions or a combination of both, subject to certain Plan and/or IRS annual limits. Generally, your annual pre-tax and Xxxx contributions may not exceed the “maximum deferral limit” for that year. The maximum deferral limit for 2019 is $19,000. Other limits may apply, and you will be notified if you are impacted. After-Tax (Xxxx) % Total % □ I understand that my deferrals will be invested in the Plan’s default investment option unless and until I direct otherwise. □ I do NOT want my contribution percentage(s) to increase 1% each year up to 6% of my eligible compensation. Unless you check this box, your contribution percentage(s) will automatically increase by 1% each year up to a maximum of 6% (subject to Plan and/or IRS limits) unless and until you elect otherwise or your contribution percentage is at least 6%.
Salary Deferral Election. An agreement between a Participant and the Employer, whereby the Participant elects to have a specific percentage or dollar amount withheld from his/her Plan Compensation, and the Employer agrees to contribute such amount into the Plan. A Salary Deferral Election may only be made if the Plan qualifies as a Grandfathered 401(k) Arrangement as designated under AA §2-3 of the Profit Sharing Plan Adoption Agreement. See Section 3.02(c)(2)(i).
Salary Deferral Election. In order to make Salary Deferrals under the Plan, a Participant must enter into a Salary Deferral Election which authorizes the Employer to withhold a specific dollar amount or a specific percentage from the Participant’s Plan Compensation. The Salary Deferral Election may permit a Participant to specify a different percentage or dollar amount be withheld from specified components of Plan Compensation, such as base pay, bonuses, commissions, etc. In addition, the Salary Deferral Election may provide the conditions on which an Employee’s affirmative Salary Deferral Election will expire. If an Employee’s Salary Deferral Election expires, such Employee can always complete a new affirmative election and designate a new deferral percentage. If the Plan is not an Automatic Contribution Arrangement and an Employee’s affirmative election expires, the Salary Deferral Election may provide that the Employee’s expiring deferral election remains in effect and may increase by a designated amount unless the Employee affirmatively elects otherwise. The Employer will deposit any amounts withheld from a Participant’s Plan Compensation as Salary Deferrals into the Participant’s Salary Deferral Account under the Plan. A Salary Deferral Election may only relate to Plan Compensation that is not currently available at the time the Salary Deferral Election is completed. In determining the amount to be withheld from a Participant’s Plan Compensation, a Salary Deferral election may be rounded to the next highest or lowest whole dollar amount. The Employer may designate under AA §6A-8 of the Grandfathered 401(k) Plan Adoption Agreement to apply a special effective date as of which Participants may begin making Salary Deferrals under the Plan. Regardless of any special effective date designated under AA §6A-8, a Salary Deferral Election may not be effective prior to the later of:
Salary Deferral Election. 1.63. Self-employed Individual
