For Elective Deferrals Sample Clauses
The 'For Elective Deferrals' clause defines the rules and procedures governing an employee's ability to voluntarily defer a portion of their compensation, typically into a retirement or savings plan. This clause outlines eligibility requirements, the process for making deferral elections, and any applicable limits or deadlines for contributions. By establishing clear guidelines for elective deferrals, the clause ensures both the employer and employee understand how and when deferrals can be made, thereby promoting compliance with plan rules and relevant regulations.
For Elective Deferrals. ☐ a.1. All such Elective Deferrals. ☐ a.2. Only those Elective Deferrals that are needed to pass the ACP test. ☐ a.3. Elective Deferrals are not to be included in the ACP test.
For Elective Deferrals. ☐ b.1. The Plan Year ☐ b.2. The Limitation Year ☐ b.3. The calendar year ending with or within the Plan Year ☐ b.4. The period based upon ☐ Pay period, ☐ Monthly, ☐ Bi-monthly, ☐ Quarterly, ☐ Semi-Annually, ☐ Bi-weekly, ☐ Weekly periods ending with or within the Plan Year ☐ b.5. The twelve consecutive month period (___/___) to (___/___) ending with or within the Plan Year. (For Employees whose Employment Commencement Date is less than 12 months before the end of the 12-month period designated, Compensation will be determined over the Plan Year)
For Elective Deferrals o b.1. The Plan Year o b.2. The Limitation Year o b.3. The calendar year ending with or within the Plan Year o b.4. The period based upon o Pay period, o Monthly, o Bi-monthly, o Quarterly, o Semi-Annually, o Bi-weekly, o Weekly periods ending with or within the Plan Year o b.5. The twelve consecutive month period ( / ) to ( / ) ending with or within the Plan Year. (For Employees whose Employment Commencement Date is less than 12 months before the end of the 12-month period designated, Compensation will be determined over the Plan Year)