Common use of Automatic Deferral amount Clause in Contracts

Automatic Deferral amount. Unless a Participant subject to Automatic Deferral makes an Affirmative Election, the Employer will withhold the following Automatic Deferral amount (select one): i. [ ] % of Compensation for each payroll period j. [ ] $ for each payroll period (may not be selected if an EACA) k. [ ] Other: