Common use of Automatic Deferral provisions Clause in Contracts

Automatic Deferral provisions. Shall Participants who do not affirmatively elect to receive cash or have a specified amount of Compensation contributed to the Plan automatically have Compensation deferred? s. [ ] No t. [ ] Yes, subject to the following provisions: 1. [ ] N/A. New Plan or provisions were in effect prior to this restatement. (skip to 3. below.) 2. [ ] The provisions are first effective as of: a. [ ] the date of this restatement. b. [ ] Other: c. [ ] Employees who become Participants on or after the effective date of the automatic deferral provisions. d. [ ] Participants who were hired on or after the effective date of the automatic deferral provisions.

Automatic Deferral provisions. Shall Participants who do not affirmatively elect to receive cash or have a specified amount of Compensation contributed to the Plan automatically have Compensation deferred? s. [ ] No t. [ ] Yes, subject to the following provisions: 1. [ ] N/A. New Plan or provisions were in effect prior to this restatement. restatement (skip to 3. below).) 2. [ ] The provisions are first effective as of: a. [ ] the date of this restatement. b. [ ] Other: c. [ ] Employees who become Participants on or after the effective date of the automatic deferral provisions. d. [ ] Participants who were hired on or after the effective date of the automatic deferral provisions.