Common use of Future Employee Clause in Contracts

Future Employee. Contributions - Participants may make voluntary, non-deductible, after-tax Employee Contributions pursuant to Section 5.04 of the Basic Plan Document. The Employee Contribution made on behalf of an Active Participant each payroll period shall be in accordance with the following: (1) The contribution limit is 50% of Compensation. (2) The sum of a Participant's Deferral Contributions plus his Employee Contributions cannot exceed 50.00% of Compensation.

Future Employee. Contributions - Participants may make voluntary, non-deductible, after-tax Employee Contributions pursuant to Section 5.04 of the Basic Plan Document. The Employee Contribution made on behalf of an Active Participant each payroll period shall be not exceed the contribution limit specified in accordance with the following:Subsection 1.08(a)(1) below. (1) The contribution limit is 505% of Compensation. (2) The sum of a Participant's Deferral Contributions plus his Employee Contributions cannot exceed 50.0075.00% of Compensation.