Examples of Change Designation in a sentence
Before the Election Date for each Plan Year, each Participant will be entitled to submit or modify an Enrollment and Change Designation which will change the amount of Supplemental Savings Contributions that will be made to this Plan for the Plan Year.
An Eligible Person may become a Participant for a calendar year by filing with the Plan Administrator an Enrollment and Change Designation on or before the Election Date for that calendar year.
Such a request must be made on the Participant's Enrollment and Change Designation and filed with the Plan Administrator by the Election Date for the Plan Year and, once made, may not be revoked except in accordance with the provisions of this Plan or the Treasury Regulations.
Each Participant whose Basic Contributions equal 3% of Compensation for each payroll period shall also be entitled to direct in the Enrollment and Change Designation that a contribution of 1%, 2% or 3% of Compensation be made as a Supplemental Contribution for each payroll period.
The contribution percentage of a Participant is the Matching Contributions allocated to the Participant for the Plan Year, divided by the Participant's compensation while a Participant, as defined in Section 415(c) of the Code, without giving effect to any reduction of compensation resulting from an Enrollment and Change Designation or any other salary reduction arrangement.
Such a request must be made on the Participant’s Enrollment and Change Designation and filed with the Plan Administrator by the Election Date for the Plan Year and, once made, may not be revoked except in accordance with the provisions of this Plan or the Treasury Regulations.
A Participant may make or change an investment direction by submitting an Enrollment and Change Designation at such times and by such method as determined by the Retirement Plan Committee or the person or entity designated by the Retirement Plan Committee to maintain Plan records.
A Participant may make or change an investment direction as of the first day of any month of the Plan Year (or such other date or dates as the Administrative Committee may from time to time establish), by an Enrollment and Change Designation, made or delivered to the Administrative Committee at least 10 days prior to such date (or such greater or lesser period prior to such date as the Administrative Committee may establish for purposes of administrative convenience).
A Participant's actual Pre-Tax Savings Contribution deferral percentage is the Participant's Pre-Tax Savings Contributions for the Plan Year, divided by the Participant's compensation while a Participant, as defined in Section 415(c) of the Code, without giving effect to any reduction of compensation resulting from an Enrollment and Change Designation or any other salary reduction arrangement.
The request must be made on the Participant's Enrollment and Change Designation and filed with the Plan Administrator by the Election Date for the Plan Year and, once made, may not be revoked except in accordance with the provisions of this Plan or the Treasury Regulations.