(Amended by Ordinance Nos. 182168, 186746 and 187574, effective February 10, 2016.)
A. The amount of Compensation which may be deferred by a Participant shall be subject to the following limits:
1. The minimum amount deferred shall not be less than $10 per pay period per plan election;
2. The maximum amount of Compensation which may be deferred during a plan year shall not exceed the lesser of the dollar amount provided under IRC sections 457(e)(15) and 415(d).