Common use of Changing Elective Deferral Amounts Clause in Contracts

Changing Elective Deferral Amounts. A Contributing Participant may modify a salary reduction agreement to prospectively increase or decrease the amount of his or her Elective Deferrals (Choose one): OPTION 1: [ ] As of the first day of any payroll period. OPTION 2: [ ] As of the first day of any month. OPTION 3: [X] As of the first day of any quarter. OPTION 4: [ ] As of any Entry Date. OPTION 5: [ ] As of such times established by the Plan Administrator in a uniform and nondiscriminatory manner. OPTION 6: [ ] Other (Specify)________________________________ NOTE: If no option is selected, Option 3 will be deemed to be selected.

Changing Elective Deferral Amounts. A Contributing Participant may modify a salary reduction agreement to prospectively increase or decrease the amount of his or her Elective Deferrals (Choose oneCHOOSE ONE): OPTION 1: [ [X] As of the first day of any payroll period. OPTION 2: [ ] As of the first day of any month. OPTION 3: [X[ ] As of the first day of any quarter. OPTION 4: [ ] As of any Entry Date. OPTION 5: [ ] As of such times established by the Plan Administrator in a uniform and nondiscriminatory manner. OPTION 6: [ ] Other (Specify)________________________________ SPECIFY) ---------------------------- NOTE: If no option is selectedIF NO OPTION IS SELECTED, Option OPTION 3 will be deemed to be selectedWILL BE DEEMED TO BE SELECTED.