Common use of Describe First Year Increase Clause in Contracts

Describe First Year Increase. (e.g., the increase will apply on the Change Date occurring (not to exceed 720) days following the date such Participant was most recently subjected to a deferral increase, subject to the Vendor’s operational capabilities).

Appears in 6 contracts

Sources: Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement, 403(b) Retirement Plan