Examples of Automatic Deferral in a sentence
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.
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.
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 existing Participants, except those who have an Affirmative Election in effect on the effective date of these Automatic Deferral provisions.
These Automatic Deferral provisions have applied since the date Elective Deferrals were first permitted under this Plan.
For each affected Participant, the Employer will withhold % from the Participant’s Includible Compensation each payroll period as the Automatic Deferral Percentage, unless the Participant makes a Contrary Election.
The Employer, as to each Participant affected, will withhold as the Automatic Deferral Percentage, % from the Participant’s Compensation each payroll period unless the Participant makes a Contrary Election.
The Automatic Deferral Percentage will increase by % per year up to a maximum of % of Compensation with respect to all Participants who are subject to the Automatic Deferral described in Election 19(b)(2).
The Automatic Deferral applies to the following active Participants who are not suspended from making deferral contributions, subject to the Plan Administrator’s restrictions on the frequency of changes to Participants’ Salary Reduction Agreements (Choose one or more of a., b., c., d.
All Participants who do not have an effective Salary Reduction Agreement on the Automatic Deferral Effective Date.