Automatic Deferral Percentage Sample Clauses

Automatic Deferral Percentage. 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.

Automatic Deferral Percentage. The automatic contribution agreement will provide that the Employer shall withhold the following from the Eligible Employee’s Benefitable Compensation each payroll period unless the Eligible Employee affirmatively makes an election of another contribution level (check one):

Automatic Deferral Percentage. Except as provided in Section 3.02(B)(3)(c) (relating to uniformity requirements), the Plan must apply to all Participants subject to the QACA as described in Section 3.02(B)(3)(a), a uniform Automatic Deferral Percentage, as a percentage of each Participant’s Compensation, which does not exceed 10%, and which is at least the following minimum amount, effective as of the first payroll of the specified Plan Year and subject to the Vendor’s operational capabilities: