Common use of Additional Automatic Enrollment Provisions Clause in Contracts

Additional Automatic Enrollment Provisions. Automatic enrollment made in accordance with Section 5.03(c) of the Basic Plan Document is subject to the following: (1) An initial pre-tax Deferral Contribution of 3.00% will be made for: (A) Newly-eligible Employees on each such Employee’s Entry Date. (B) Each Eligible Employee having a Reemployment Commencement Date will be treated as follows for purposes of the above-described automatic enrollment contributions: (i) Shall not be automatically enrolled.

Additional Automatic Enrollment Provisions. Automatic enrollment made in accordance with Section 5.03(c) of the Basic Plan Document is subject to the following: (1) An initial pre-tax Deferral Contribution of 3.00% will be made for: (A) Newly-eligible Employees on each 30 days after such Employee’s date of hire, but no sooner than such Employee’s Entry Date. (B) Each Eligible Employee having a Reemployment Commencement Date will be treated as follows for purposes of the above-described automatic enrollment contributions: (i) Shall not be automatically enrolled.