Automatic Deferral amount Clause Samples

The Automatic Deferral Amount clause establishes a mechanism by which certain payments or obligations are automatically postponed under specified conditions. Typically, this clause applies to financial agreements where, if a triggering event occurs—such as a default, market disruption, or regulatory change—the payment due is deferred to a later date without requiring further negotiation. This ensures that parties are not forced to meet obligations under adverse or impractical circumstances, thereby providing flexibility and reducing the risk of default or breach due to unforeseen events.
Automatic Deferral amount. Unless a Participant makes an Affirmative Election, the Employer will withhold the following Automatic Deferral amount (select one):
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Automatic Deferral amount. The Employer, as to each Participant affected, will withhold as the Automatic Deferral Amount, % from the Participant's Compensation each payroll period unless the Participant makes a Contrary Election.
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Automatic Deferral amount. Unless a Participant subject to Automatic Deferral makes an Affirmative Election, the Employer will withhold the following Automatic Deferral amount (select one): i. [ ] % of Compensation for each payroll period j. [ ] $ for each payroll period (may not be selected if an EACA) k. [ ] Other:
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Automatic Deferral amount. The Employer, as to each Participant affected, will withhold as the Automatic Deferral Amount,
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Automatic Deferral amount. Unless a Participant makes an Affirmative Election, the Employer will withhold the following Automatic Deferral amount (select one): f. [ ] % of Compensation for each payroll period (if a QACA, must not be more than 10% and may not be less than 3% if escalation provisions used in D. below or 6% if no escalation provisions are selected) g. [ ] $ for each payroll period (may not be selected if a QACA or EACA) SAMPLE h. [ ] QACA statutory minimum schedule (may select even if Plan is not a QACA). Unless a modified QACA statutory schedule is selected below, the Employer will withhold from a Participant's Compensation each payroll period the percentage of Compensation set forth in the following, which is based on the Plan Year of application to a Participant: 1-2 years-3%; 3 years-4%; 4 years-5%; 5 or more-6%. (if selected, skip D.) 1. [ ] The following modified QACA statutory schedule will apply (the limitations in the parentheses below only applies to QACAs): Plan Year of application to a Participant Automatic Deferral Percentage 1 % (not less than 3) 2 % (not less than 3) 3 % (not less than 4) 4 % (not less than 5) 5 % (not less than 6 and not more than 10) 6 % (not less than 6 and not more than 10) 7 % (not less than 6 and not more than 10) 8 % (not less than 6 and not more than 10) 9 % (not less than 6 and not more than 10) 10 and thereafter % (not less than 6 and not more than 10) i. [ ] Other: (in order to satisfy the QACA requirements (if applicable), an alternative Automatic Deferral amount schedule (i) must be uniform based on the number of years, or portions of years, since the beginning of the initial period for a Participant, (ii) must satisfy the minimum percentage requirement in h. above throughout the Plan Year, and (iii) must not exceed 10% of Compensation)
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Automatic Deferral amount. Increases. 3.02(B)(2) Accounting Date. 1.03 Automatic Rollover. 6.08(D)
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Automatic Deferral amount. Unless a Participant makes an Affirmative Election, the Employer will withhold the following Automatic Deferral amount (only select one): f. [ ] % of Compensation for each payroll period (if a QACA, must not be more than 10% and may not be less than 3% if escalation provisions used in j. below or 6% if no escalation provisions are selected) g. [ ] $ for each payroll period (may not be selected if a QACA or EACA) h. [ ] QACA statutory minimum schedule (may select even if Plan is not a QACA). Unless a modified QACA statutory schedule is selected below, the Employer will withhold from a Participant's Compensation each payroll period the percentage of Compensation set forth in the following, which is based on the Plan Year of application to a Participant: 1-2 years-3%; 3 years-4%; 4 years-5%; 5 or more-6%. (if selected, skip D.) 1. [ ] The following modified QACA statutory schedule will apply: Plan Year of application to a Participant Automatic Deferral Percentage 1 - 2 % (not less than 3) 3 % (not less than 4) 4 % (not less than 5) 5 % (not less than 6 and not more than 10) 6 and thereafter % (not less than 6 and not more than 10)
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Automatic Deferral amount. Unless a Participant makes an Affirmative Election, the Employer will withhold the following Automatic Deferral amount (only select one)Initial automatic deferral amount. Each Participant who is subject to the automatic deferral provisions will have Compensation deferred by the following amount unless otherwise elected by the Participant: 4f. [ ] % of Compensation for each payroll period (if a QACA, must not be more than 10% and may not be less than 3% if escalation provisions used in j. below or 6% if no escalation provisions are selected) 5g. [ ] $ for each payroll period (may not be selected if a QACA or EACA)
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Related to Automatic Deferral amount

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.