Automatic Escalation definition

Automatic Escalation means an automatic annual increase in a Participating Employee’s Contributions as set forth in Section 10005.

Automatic Escalation means a l one percent annual increase in a Covered Participant’s contribution level at the beginning of each calendar year following the Covered Participant’s Onboarding.

Automatic Escalation means an automatic annual increase in a Participating Employee’s Contributions as set forth in Section 10007 of these regulations10005.

Examples of Automatic Escalation in a sentence

• Furthermore, the Plan has a reasonable period of time to implement an Automatic Deferral or an Automatic Escalation after a Participant is first subject to the Automatic Deferral and/or Automatic Escalation of Affirmative Election provisions.

• The Plan is permitted to establish procedures whereby termination of employment for a short period of time will not revoke an Affirmative Election or be treated as a termination of employment for purposes of the Plan’s Automatic Contribution Arrangement and/or Automatic Escalation of Affirmative Election provisions.

• Unless otherwise provided in Subsection (b) above or any elections in the Adoption Agreement, the procedures may provide for a reasonable period time for a Participant to election out of the automatic contribution arrangement or the Automatic Deferral and/or Automatic Escalation of Affirmative Election provisions.

• The following Automatic Escalation provisions apply to Participants who have made an Affirmative Election (see Question 26 for Automatic Deferral provisions that apply to Participants who have made no Affirmative Election).

• The Automatic Escalation applies to (Choose one or more of a., b.

• The Automatic Escalation provisions of Section 3.02(G) (Choose (a) or (b).

• Such Automatic Escalation cannot be more frequently than annually.

• If Automatic Escalation applies to a Participant, this constitutes a provision that the Participant's affirmative election will expire annually.

• The following Automatic Escalation provisions apply to Participants who have made an Affirmative Election (see Question 26 for provisions Automatic Deferral provisions that apply to Participants who have made no Affirmative Election).

• Provisions relating to Automatic Deferrals and Automatic Escalation do not apply.

More Definitions of Automatic Escalation

Automatic Escalation means a participating employee's

Automatic Escalation means an automatic annual increase in a Participating Employee’s Contribution Rate as set forth in Section 10008 of these regulations.

Automatic Escalation means a participating employee's election to automatically increase contributions to his or her retirement savings account in the Arkansas Small Business Voluntary Retirement Program;

Automatic Escalation means an automatic annual increase in a Participating Employee or Participating Individual’s Contribution Rate.

Automatic Escalation means an automatic annual increase in a Participating Employee or Participating Individual’sEmployee’s Contribution Rate as set forth in Section 10009 of these regulations.

Automatic Escalation means an automatic annual increase in a Participating Employee’s Contribution RateContributions as set forth in Section 1000910007 of these regulations.