Salary Deferrals. The provisions regarding Salary Deferrals under AA §6A are effective as follows:
Salary Deferrals. A Participant is eligible to make Salary Deferrals under the Plan as of: 🞎 (1) the date the Plan is executed by the Employer (as indicated on the Employer Signature Page). 🞎 (2) (insert date).
Salary Deferrals. The amended Salary Adjustment effective dates are as follows:
A. The 2% salary adjustment scheduled for January 31, 2021, shall be deferred to June 19, 2022, as reflected in Appendix E.
B. The 2% salary adjustment scheduled for June 20, 2021, shall be deferred to June 19, 2022, as reflected in Appendix F.
Salary Deferrals. (a) During the period of this Agreement, the Member directs that the Bank reduce his Base Salary (as defined in the Thrift Benefit Equalization Plan) that would be payable to him by the Bank during 2006 after his 401(k) contributions under the Thrift Plan would cease due to the application of the Code Limitations (as defined in the Thrift Benefit Equalization Plan) by [ 3 %] [up to 100%]. Such reduction, if any, shall be made ratably in each payroll period commencing after the date of this Agreement or the date the 401(k) contributions would cease due to the Code Limitations, if later. The Bank agrees to make such reduction, and to credit such amount to the Member’s Account under this Agreement.
(b) The Member understands that the reductions in his or her Base Salary as described in this paragraph 2 will be made, if, and only if, the Member has elected to contribute the maximum amount of 401(k) contributions under the Thrift Plan for the calendar year as permitted by the Code Limitations.
(c) For purposes of this Paragraph 2, any change made to the Member’s rate of 401(k) contributions after December 31, 2005 shall be disregarded in determining the amount of deferral under the Thrift Benefit Equalization Plan.
Salary Deferrals. Unless elected below, Eligible Employees are permitted to make Salary Deferrals under the Plan. 🞎 Employees are not permitted to make Salary Deferrals under the Plan. [Skip to Section 6B.]
Salary Deferrals. Are Employees permitted to make Salary Deferrals under the Plan? □ Yes. □ No. [If “No” is checked, skip to Section 6B. “No” should be checked if the Plan is designated as a Profit Sharing (PS) Plan only in AA §2-3.] 6A-2 MAXIMUM LIMIT ON SALARY DEFERRALS. A Participant may defer an amount up to the Elective Deferral Dollar Limit and the Code §415 Limitation (as set forth in Sections 5.02 and 5.03 of the Plan), subject to the following limitations.
Salary Deferrals. Prior to the beginning of any Fiscal Year, a Participant may elect to defer any whole percent (2% to 10% max.) of their base salary, commissions or other regularly paid cash compensation payable during that Fiscal Year. In addition, a participant may elect to defer any whole percentage (up to 100%) of their annual discretionary bonus (minimum 10%).
Salary Deferrals. For each payroll period beginning on or after the effective date of an Eligible Employee’s Salary Deferral Agreement, his Cash Deferral Account shall be credited with an amount of Salary Deferrals, if applicable. The amount of Salary Deferrals shall be equal to the designated percentage of Compensation elected by the Member in his Salary Deferral Agreement by agreeing to accept a reduction in Compensation equal to a stated whole percentage of Compensation per payroll period which is not less than five percent (5%) nor more than ninety (90%) of Compensation.
Salary Deferrals. The provisions regarding Salary Deferrals under AA §6A are effective as follows: ¨ A-6 Matching Contributions. The Matching Contribution provisions under AA §6B are effective as follows: ¨ A-7 Safe Harbor Plan provisions. The Safe Harbor Plan provisions under AA §6C effective as follows:
Salary Deferrals. The Employer makes the following election with regard to elective salary deferrals for non-bargaining unit employees (initial or check one of the options below): ( ) Elective Deferrals are not permitted.
