Section 2. Definitions

2.1 An “EACA” is an automatic contribution arrangement that satisfies the uniformity requirement in Section 3 of this Article and the notice requirement in Section 4 of this Article.

2.2 An “Automatic Contribution Arrangement” is an arrangement under which, in the absence of an affirmative election by a Covered Employee, a certain percentage of compensation will be withheld from the Covered Employee’s pay and contributed to the Plan as an Elective Deferral instead of being included in the Covered Employee’s pay.

56 | Cash or Deferred Arrangement (CODA) LRM Package 01-2024

2.3 A “Covered Employee” is a Plan participant identified in the adoption agreement as being covered under the EACA.

2.4 “Default Elective Deferrals” are the Elective Deferrals contributed to the Plan under the EACA on behalf of Covered Employees who do not have an affirmative election in effect regarding Elective Deferrals.

2.5 The “Default Percentage” is the percentage of a Covered Employee’s compensation contributed to the Plan as a Default Elective Deferral for the Plan Year. The Default Percentage is specified in the adoption agreement.