Automatic Increase. If elected under this subsection (ii), the automatic deferral amount will increase each Plan Year by the following amount: (See Section 3.03 of the Plan.) 🞎 (A) % of Plan Compensation 🞎 (B) $ 🞎 (C) Describe: Any automatic increase elected under this subsection (ii) will not cause the automatic deferral amount to exceed: 🞎 (D) % of Plan Compensation 🞎 (E) $ 🞎 (F) Describe:
Automatic Increase. The Automatic Deferral Percentage will increase by % per year up to a maximum of % of Compensation with respect to all Participants who are subject to the Automatic Deferral described in Election 19(b)(2).
Automatic Increase. The Participant’s Elective Deferrals will increase by % per year up to a maximum of % of Compensation.
Automatic Increase. Refers to automatic updating of the amount of saving at the end of a period of 12 months by the average of CPI (Consumer Prices Index) - PPI (Producer Prices Index) rate published on yearly basis or by a yearly increase rate to be preferred by the Customer. Conditional Instruction and/or Automatic Increase options are defined by choices of the Customer or the third parties giving the Saving Instruction. The term “Flexible Saving Account”, whenever used in the body of this Agreement, refers to both the Primary Flexible Saving Account opened in the name of the Customer, and the Flexible Saving Account opened in the name of a third party.
Automatic Increase. A potential increase to Your Payment Base, due to market performance, at each Contract Anniversary up to and including the Contract Anniversary immediately following the Covered Life’s [90th] birthday.
Automatic Increase. When a percentage increase is shown on the "declarations" for a Coverage A -- Buildings or Coverage B -- Business Personal Property entry, the corresponding "limit" is increased annually by the percentage shown. The increase applies proportionally from the date of the most recent "limit". The increase applies only to the "limit" shown on the "declarations" for the corresponding Coverage A -- Buildings or Coverage B -- Business Personal Property entry.
Automatic Increase. The automatic Elective Deferral Contribution shall increase as described in (i) below, unless an election is made in (ii) below to not include an automatic increase. i) The automatic Elective Deferral Contribution shall increase by 1% as soon as administratively feasible on or after each subsequent Yearly Date up to a maximum automatic Elective Deferral Contribution of 10%, unless a different automatic increase percentage, increase date, or maximum is specified in A, B, or C below. (Select any that apply.) A. % of Compensation shall be the automatic increase percentage. B. x The increase date shall be (Select (1), (2), (3), (4), (5), or (6).) 1) x each Yearly Date. 2) . (Month and day.) 3) , (Month and day.) beginning on . (Month, day, and year.) 4) the anniversary of the Participant's Entry Date or Reentry Date, whichever applies, for purposes of Elective Deferral Contributions. 5) the anniversary of the Participant's Hire Date or Rehire Date, whichever applies. 6) Other: (Specify when the automatic increase will occur and the Employee group impacted.) C. x 15 % of Compensation shall be the maximum automatic Elective Deferral Contribution.
Automatic Increase. If elected under this subsection (ii), the automatic deferral amount will increase each Plan Year by the following amount. (See Section 3.03(c) of the Plan.) (A) % of Plan Compensation (B) $ (C) If this (C) and subsection (3)(iii) below (relating to the expiration of affirmative deferral elections) are both elected, the automatic increase will apply to all Participants, including those Participants whose affirmative deferral elections have expired and no subsequent affirmative election is made. Any automatic increase elected under this subsection (ii) will not cause the automatic deferral amount to exceed: (D) % of Plan Compensation (E) $
Automatic Increase. The Plan may provide under AA §6A-6 that the automatic deferral amount will automatically increase by a designated percentage each Plan Year. Unless designated otherwise under AA §6A-6, in applying any automatic deferral increase under AA §6A-6, the initial deferral amount will apply for the period that begins when the employee first participates in the automatic contribution arrangement and ends on the last day of the following Plan Year. The automatic increase will apply for each Plan Year beginning with the Plan Year immediately following the initial deferral period and for each subsequent Plan Year. For example, if an Employee makes his/her first automatic deferral for the period beginning July 1, 2014, and no special election is made under AA §6A-6, the first automatic increase would take effect on January 1, 2016 (assuming the Plan is using a calendar Plan Year) which is the first day of the Plan Year beginning after the first Plan Year following the period for which the Employee makes his/her first automatic deferral under the Plan.
Automatic Increase. The amount of this undertaking shall be automatically increased up to a new maximum aggregate amount which taken together will not exceed 10% of the maximum aggregate amount at the time of issuance in accordance with the terms of one or more Beneficiary’s demands in the form of the annexed Demand for Automatic Increase (Annex D), completed as indicated and presented to Issuer at the above-stated place for presentation. If the Demand for Automatic Increase is in excess of the maximum aggregate amount available under this provision, the amount available will increase to the maximum aggregate amount available.
