Common use of Automatic Increases Clause in Contracts

Automatic Increases. (Choose a. or b.): a. [ ] Automatic increase. The Participant's Elective Deferrals will increase by % per year up to a maximum of % of Compensation unless the Participant has filed a Contrary Election after the effective date of this Election or, as appropriate, any amendment thereto. b. [ ] Describe increase: . [Note: The Employer in Election 20(b)(2)b. may define different increases for different groups of Participants or may otherwise limit Automatic Escalation. Any such provisions must be definitely determinable.]

Appears in 5 contracts

Sources: Adoption Agreement, Adoption Agreement, Adoption Agreement

Automatic Increases. (Choose one of a. or b.): a. [ ] Automatic increase. The Participant's ’s Elective Deferrals will increase by % per year up to a maximum of % of Compensation unless the Participant has filed a Contrary Election after the effective date of this Election or, as appropriate, any amendment thereto. b. [ ] Describe increase: . [Note: The Employer in Election 20(b)(2)b. may define different increases for different groups of Participants or may otherwise limit Automatic Escalation. Any such provisions must be definitely determinable.]:

Appears in 4 contracts

Sources: Defined Contribution Prototype Plan and Trust Adoption Agreement, Adoption Agreement (Fossil Group, Inc.), Adoption Agreement (Connecticut Water Service Inc / Ct)

Automatic Increases. (Choose a. or b.): a. [ ] Automatic increase. The Participant's Elective Deferrals Salary Reduction Contributions will increase by % per year up to a maximum of % of Compensation unless the Participant has filed a Contrary Election contrary election after the effective date of this Election or, as appropriate, any amendment thereto. b. [ ] Describe increase: . [Note: The Employer in Election 20(b)(2)b15(e)(2)b. may define different increases for different groups of Participants or may otherwise limit Automatic Escalation. Any such provisions must be definitely determinable.]

Appears in 2 contracts

Sources: Adoption Agreement for Eligible Governmental 457 Plan, Adoption Agreement for Eligible Governmental 457 Plan

Automatic Increases. (Choose a. or b.): a. [ ] Automatic increase. The Participant's ’s Elective Deferrals will increase by % per year up to a maximum of % of Compensation unless the Participant has filed a Contrary Election after the effective date of this Election or, as appropriate, any amendment thereto. b. [ ] Describe increase: . [Note: The Employer in Election 20(b)(2)b. may define different increases for different groups of Participants or may otherwise limit Automatic Escalation. Any such provisions must be definitely determinable.]

Appears in 1 contract

Sources: Adoption Agreement

Automatic Increases. (Choose a. or b.): a. [ ] Automatic increase. The Participant's ’s Elective Deferrals will increase by % per year up to a maximum of % of Compensation unless the Participant has filed a Contrary Election after the effective date of this Election or, as appropriate, any amendment thereto.of b. [ ] Describe increase: . [Note: The Employer in Election 20(b)(2)b. may define different increases for different groups of Participants or may otherwise limit Automatic Escalation. Any such provisions must be definitely determinable.]

Appears in 1 contract

Sources: Adoption Agreement

Automatic Increases. (Choose one of a. or b.): a. [ ] Automatic increase. The Participant's ’s Elective Deferrals will increase by % per year up to a maximum of % of Compensation unless the Participant has filed a Contrary Election after the effective date of this Election or, as appropriate, any amendment thereto. b. [ ] Describe increase: . [Note: The Employer in Election 20(b)(2)b. may define different increases for different groups of Participants or may otherwise limit Automatic Escalation. Any such provisions must be definitely determinable.]

Appears in 1 contract

Sources: Adoption Agreement

Automatic Increases. (Choose a. or b.): a. [ ] Automatic increase. The Participant's Elective Deferrals will increase by % per year up to a maximum of % of Compensation unless the Participant has filed a Contrary Election after the effective date of this Election or, as appropriate, any amendment thereto.of b. [ ] Describe increase: . [Note: The Employer in Election 20(b)(2)b. may define different increases for different groups of Participants or may otherwise limit Automatic Escalation. Any such provisions must be definitely determinable.]

Appears in 1 contract

Sources: Adoption Agreement