Automatic Deferral definition

Automatic Deferral means the amount (if any) that a Participant is deemed to defer in accordance with an Automatic Contribution Arrangement. The effective date of an Employee's Automatic Deferral will be as soon as practicable after the Employee is subject to Automatic Deferrals described by the Adoption Agreement, Section 12.2(b) and/or 12.9, consistent with (a) applicable law, and (b) the objective of affording the Employee a reasonable period of time after receipt of the notice to make an Affirmative Election (and, if applicable, an investment election). All Automatic Deferrals constitute Elective Deferrals.

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Automatic Deferral means the amount (if any) that a Participant is deemed to defer in accordance with an Automatic Contribution Arrangement. The effective date of an Employee's Automatic Deferral will be as soon as practicable after the Employee is subject to Automatic Deferrals described by Section 12.2(b) or 12.9, consistent with (a) applicable law, and (b) the objective of affording the Employee a reasonable period of time after receipt of the notice to make an Affirmative Election (and, if applicable, an investment election). All Automatic Deferrals constitute Elective Deferrals.

Automatic Deferral means the automatic deferral of fifty percent of a Director’s Compensation as described in Section 3.1 below.

Examples of Automatic Deferral in a sentence

• All Participants, except those who have in effect a Salary Reduction Agreement on the Automatic Deferral Effective Date regardless of the Elective Deferral amount under the Agreement.

• All Participants, regardless of any prior Salary Reduction Agreement, unless and until they make a Contrary Election after the Automatic Deferral Effective Date.

• The Automatic Deferral Percentage will or will not increase in Plan Years following the Plan Year containing the Automatic Deferral Effective Date (or, if later, the Plan Year or partial Plan Year in which the Automatic Deferral first applies to a Participant) as follows (Choose e., f.

• The Automatic Deferral provisions apply to Employees who become Participants on or after the effective date of these Automatic Deferral provisions, except as otherwise provided herein.

• All Participants, except those who have in effect a Salary Reduction Agreement on the Automatic Deferral Effective Date provided that the Elective Deferral amount under the Agreement is at least equal to the Automatic Deferral Percentage.

More Definitions of Automatic Deferral

Automatic Deferral means the portion of a Director’s annual retainer that is automatically deferred under this Plan pursuant to Section 6.1.

Automatic Deferral means the automatic deferral as described in Section 3.1 below.

Automatic Deferral means any amount automatically deferred to this Plan pursuant to Section 3.4 of this Plan.

Automatic Deferral means the Compensation deferral described in Section 4.1 made by a Participant who has reached the statutory limits on annual compensation (as provided and defined in section 1.5 of the 401(k) Plan), elective deferrals or contributions or benefits under the 401(k) Plan.

Automatic Deferral means an arrangement wherein each Employee eligible to participate in the Plan is treated as having elected to have the Employer make Employee Before-Tax Contributions in an amount equal to a Qualified Percentage of Earnings unless such Employee makes an affirmative election to not have such Employee Before-Tax Contributions made or to make Employee Before-Tax Contributions at a level specified in such affirmative election. Article 3.01 is intended to provide Automatic Deferrals.

Automatic Deferral means the automatic Compensation deferral described in Section 4.1(b) made by a Participant who has elected to defer the 401(k) Max under the 401(k) Plan.

Automatic Deferral means the amount (if any) that a Participant is deemed to defer in accordance with an Automatic Contribution Arrangement. The effective date of an Employee's Automatic Deferral will be as soon as practicable after the Employee is subject to Automatic Deferrals described by Section 4.13, consistent with (a) applicable law, and