You may elect to defer up to twenty-two percent (22%) of your compensation (in 1% increments) and the exact percent to be deferred will be determined at your option. Your compensation for these purposes is your gross pay. When you sign up for the Plan you will be given an enrollment form in which you will elect the amount of your compensation to be deferred (“Salary Deferral”). Afterward, your employer will deduct from your wages the amount you have elected and will contribute this amount to the Plan, in addition to any Employer contribution that is made on your behalf pursuant to the collective bargaining agreement, up to the maximum deferral permitted by the Internal Revenue Service during the year, subject to the Plan limitations.