Common use of Automatic Increase Clause in Contracts

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).

Appears in 7 contracts

Sources: Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement, 403(b) Retirement Plan

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)Compensation.

Appears in 1 contract

Sources: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)