Automatic Increase Date means (a) for any individual who is a Participant on December 31, 2012, the first payroll date in 2013 and the first payroll date in each calendar year thereafter and (b) for any individual who becomes a Participant after December 31, 2012, the first payroll date in the first calendar year to begin after he becomes a Participant and the first payroll date in each calendar year thereafter.
Automatic Increase Date means the three-month anniversary of the Effective Date (or, if so requested by the Servicer, such earlier date as notified in writing (which may be via e-mail) to the Facility Agent, the Collateral Agent and each Lender).