Common use of CATCH-UP CONTRIBUTION ELECTION Clause in Contracts

CATCH-UP CONTRIBUTION ELECTION. Notwithstanding the election set forth above, the amount of salary deferral shall be increased by the additional amount below:   $ for individuals age 50 or over. $ for individuals who are in one of the last three years prior to normal retirement age. I choose to invest my account as follows: YOU MUST SELECT OPTION 1 or OPTION 2 BELOW.     

CATCH-UP CONTRIBUTION ELECTION. Notwithstanding the election set forth above, the amount of salary deferral shall be increased by the additional amount below:  below:‌  $ for individuals age 50 or over.  $ for individuals who are in one of the last three years prior to normal retirement age. I choose to invest my account as follows: YOU MUST SELECT OPTION 1 or OPTION 2 BELOW.     .