Automatic Contribution Arrangement definition

Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 12.2 and, if applicable, Section 12.9.

Automatic Contribution Arrangement means the arrangement set forth in Section 5.05 of the Plan pursuant to which, in the absence of an Affirmative Election, an Employee, who is eligible to participate in the Plan is treated as having elected to direct the Employer to reduce his or her Compensation in order that the Employer may make Salary Reduction Contributions to the Plan on behalf of the Participant equal to a uniform percentage of Compensation.

Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 11.2.

Examples of Automatic Contribution Arrangement in a sentence

• The Plan is an Eligible Automatic Contribution Arrangement (EACA) under Section 3.02(B)(2).

• The Plan is an Automatic Contribution Arrangement (ACA) under Section 3.02(B)(1).

• If the Employer elects in its Adoption Agreement, the Employer maintains a Plan with Automatic Deferral provisions as an Automatic Contribution Arrangement ("ACA"), effective as of the date the Employer elects in the Adoption Agreement, and the provisions of this Section 3.02(B)(1) will apply.

• If elected in the Adoption Agreement, the Employer maintains a Plan with Automatic Deferral provisions as a Qualified Automatic Contribution Arrangement (QACA) and the provisions of this Section will apply.

• Furthermore, if the Employer elects in the Adoption Agreement to apply the Automatic Contribution Arrangement provisions, then in the event a Participant fails to make an Affirmative Election, such Participant shall be deemed to have made a salary deferral election in accordance with the provisions selected in the Adoption Agreement and such other procedures that the Administrator may establish and apply in a uniform and nondiscriminatory basis.

More Definitions of Automatic Contribution Arrangement

Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 4.13.

Automatic Contribution Arrangement. ’ means an arrangement—

Automatic Contribution Arrangement means an arrangement under which a Worker Member is deemed to have agreed to reduce his or her Eligible Pay and the Company or Related Company, as applicable, agrees to contribute to the Trust the amount by which the Worker Member’s Eligible Pay is so reduced as Payroll Deferrals.

Automatic Contribution Arrangement means the automatic enrollment and contribution provisions of Sections 2.1, 2.2 and 4.1 hereof that are intended to constitute a “qualified automatic contribution arrangement” within the meaning of Treasury Regulation Section 1.401(k)-3(j)(1).

Automatic Contribution Arrangement means any arrangement under which (A) a Participant may elect to have the Employer make payments as Elective Deferrals on his or her behalf, or to receive such payments directly in cash, and (b) an Eligible Participant is treated as having elected to have the Employer make Elective Deferrals to the Plan, in an amount equal to a specified percentage of Compensation until such Eligible Participant executes an Automatic Contribution Overriding Election as defined in the administrative policy regarding Elective Deferrals; such percentage is set forth in either the administrative policy regarding Elective Deferrals or such other Plan documentation as permitted by the Plan or law. An Automatic Contribution Arrangement includes an Eligible Automatic Contribution Arrangement.

Automatic Contribution Arrangement means an arrangement set out in Section 4.2 under which, in the absence of an affirmative election by a Covered Employee, the Company withholds and contributes to the Plan a certain percentage of the Covered Employee’s Compensation as a Default Tax Deferred Contribution.

Automatic Contribution Arrangement means an arrangement: