Common use of Scheduled increases Clause in Contracts

Scheduled increases. The Automatic Deferral Amount will or will not increase (as a percentage of Compensation) in Plan Years following the Plan Year containing the Automatic Deferral Effective Date (or, if later, the Plan Year in which the Automatic Deferral first applies to a Participant) as follows (Choose one of a., b., or c.): a. o No scheduled increase. The Automatic Deferral Amount applies in all Plan Years. b. o Scheduled increase. The Automatic Deferral Amount will increase as follows: 1 3 % 2 3 % 3 4 % 4 5 % 5 and thereafter 6 % c. o Other scheduled increase. The Automatic Deferral Amount will increase as follows: % % % % %

Scheduled increases. The Automatic Deferral Amount will or will not increase (as a percentage of Compensation) in Plan Years following the Plan Year containing the Automatic Deferral Effective Date (or, if later, the Plan Year in which the Automatic Deferral first applies to a Participant) as follows (Choose one of a., b., or c.): a. o [ ] No scheduled increase. The Automatic Deferral Amount applies in all Plan Years. b. o [ ] Scheduled increase. The Automatic Deferral Amount will increase as follows: 1 3 3% 2 3 3% 3 4 4% 4 5 5% 5 and thereafter 6 6% c. o [ ] Other scheduled increase. The Automatic Deferral Amount will increase as follows: % % % % % % %