Common use of ELECTIVE DEFERRAL CONTRIBUTIONS Clause in Contracts

ELECTIVE DEFERRAL CONTRIBUTIONS. (A) ELECTION. Elective Deferral Contributions shall (check (1) or (2)): (1) Not be permitted under the Plan. (2) Be permitted in accordance with the provisions of Section 3.4 of the Plan. If Section A.3.4(A)(2) is checked, a salary reduction agreement must be completed and filed by the Participant with the Administrative Committee prior to the date the Elective Deferral Contributions are made.

Appears in 4 contracts

Sources: Defined Contribution Plan (Profit Sharing or Profit Sharing 401(k)) (Temporary Investment Fund Inc), Adoption Agreement (RBB Fund Inc), Defined Contribution Plan Adoption Agreement (Chestnut Street Exchange Fund)