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' Participant desires to buy Benefits in excess of the benefits provided by <br /> the contributions, If a � � <br /> City, e Participant may erect to use Pay Conversion Dollars to purchase such excess <br /> Benefits. Pay Conversion Dollars ma y be elected through a Benefit Election and <br /> 'on Reduction Agreement made Pursuant to the election procedures of Article v <br /> Compensation � F <br /> of this <br /> ' e elected amount shall be deducted from the Participants compensative in <br /> equal amounts Plan. The <br /> pay period of the Plan Year. On termination of employment during <br /> e Plan Year, Participant a Partici shall have no obligation to pay the City any Pay Conversion <br /> Dollars allted to <br /> e portion of the Plan Year after the Parttcipant's termination of <br /> The Ana in its discretion, a limit on the amount of Pay Conversion <br /> employment City �� <br /> Dollars a Participant may elect for a Plan Year for the purpose of complying with Sections <br /> y <br /> 125 and 10 of the Code and regulations thereunder. <br /> ARTI LE Iv <br /> BENEFIT ELECMON PROCEDURES AND D FAULT PROVISIONS <br /> 4*01 Generally <br /> Subject to' the requirements of Article of this Plana regarding Minimum <br /> � <br /> ' Article each Partic' ant elect to purchase any of the Benefits set <br /> Bets and this p y <br /> ford in <br /> this Plan. The Benefit Plans may be the subject of separate plan documents, trust <br /> e terns of which are incorporated by reference. The terms of this <br /> agreements or contracts � <br /> F only as a descn*ptive summ , and in case of a.ny conflict between this <br /> article are intended o Y � <br /> ate document,Plan and a sear t, the latter shall control. <br /> 4.&02 Annual Election Period <br /> 1 ee who meets the eligibility requirements for participation in this Plan, <br /> Each Employee � <br /> ' of the P shall �e an annual.election of benefits under this <br /> as described �n Article III � <br /> Plan during the enrollment ri <br />