Common use of Election changes/Irrevocability Clause in Contracts

Election changes/Irrevocability. A Participant who makes an Elective Deferral election before the applicable deadline under Section 2.02(B) (choose one of (a) or (b)): (a) May change. May change the election until the applicable election deadline. (b) May not change. May not change the election as to the first Taxable Year to which the election applies.

Appears in 4 contracts

Sources: Supplemental Executive Retirement Plan Adoption Agreement (Landstar System Inc), Nonqualified Deferred Compensation Plan Adoption Agreement (Frischs Restaurants Inc), Nonqualified Deferred Compensation Plan Adoption Agreement (Frischs Restaurants Inc)

Election changes/Irrevocability. A Participant who makes an Elective Deferral election before the applicable deadline under Section 2.02(B) (choose one of (a) or (b)): (a) May change. May change the election until the applicable election deadline. . ¨ (b) May not change. May not change the election as to the first Taxable Year to which the election applies.

Appears in 1 contract

Sources: Nonqualified Deferred Compensation Plan Adoption Agreement (Frischs Restaurants Inc)

Election changes/Irrevocability. A Participant who makes an Elective Deferral election before the applicable deadline under Section 2.02(B) (choose one of (a) or (b)): (a) May change. May change the election until the applicable election deadline. . [ ] (b) May not change. May not change the election as to the first Taxable Year to which the election applies.

Appears in 1 contract

Sources: Supplemental Executive Retirement Plan Adoption Agreement (DNB Financial Corp /Pa/)