Common use of Deferral Amount Clause in Contracts

Deferral Amount. The amount I elect to defer will be withheld from my paycheck and paid by my Employer into the Plan on my behalf.  I wish to defer % or $ from my compensation each payroll period.  I do not wish to defer at this time. (New Participants only)

Deferral Amount. The amount I elect to defer will be withheld from my paycheck and paid by my Employer into the Plan on my behalf.  Effective I wish to defer % or $ from my compensation each payroll period.  I do not wish to defer at this time. (New Participants only)