AUTOMATIC ELECTION definition
AUTOMATIC ELECTION. Shall Participants who do not affirmatively elect to receive cash or have a specified amount contributed to the Plan automatically have Compensation deferred?
AUTOMATIC ELECTION. Shall Participants who do not affirmatively elect to receive cash or have at least the amount specified in 1. below contributed to the Plan automatically have Compensation reduced?
1. [ ] Yes, by _______% of Compensation.
2. [X] No. NOTE: If 1. is selected, certain notices must be provided to employees.