Common use of Limits on Elective Deferrals Clause in Contracts

Limits on Elective Deferrals. If Elective Deferrals are permitted under the Plan, a Contributing Participant may elect under a salary reduction agreement to have his or her Compensation reduced by an amount as described below (Choose one):

Appears in 2 contracts

Sources: Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Metretek Technologies Inc), Qualified Retirement Plan and Trust (Meritage Hospitality Group Inc /Mi/)

Limits on Elective Deferrals. If Elective Deferrals are permitted under the Plan, a Contributing Participant may elect under a salary reduction agreement to have his or her Compensation reduced by an amount as described below (Choose oneCHOOSE ONE):

Appears in 1 contract

Sources: Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Cornell Corrections Inc)

Limits on Elective Deferrals. If Elective Deferrals are permitted under the Plan, a Contributing contributing Participant may elect under a salary reduction agreement to have his or her Compensation reduced by an amount as described below (Choose one):

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Antigenics Inc /De/)

Limits on Elective Deferrals. If Elective Deferrals are permitted under the Plan, a Contributing Participant may elect under a salary reduction agreement to have his or her Compensation reduced by an amount as described below below: (Choose one):

Appears in 1 contract

Sources: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Camco Financial Corp)