BREAK IN SERVICE - PARTICIPATION Sample Clauses

BREAK IN SERVICE - PARTICIPATION. The Break in Service rule described in Section 2.03(B) of the Plan: (Choose (a) or (b)) [X] (a) Does not apply to the Employer's Plan. [ ] (b) Applies to the Employer's Plan.
AutoNDA by SimpleDocs
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in Service" if during any 12 consecutive month period he does not complete more than 500 Hours of Service with the Employer. The "12 consecutive month period" under this Section 2.03 is the same 12 consecutive month period for which the Plan measures "Years of Service" under Section 2.02. (A) 2-YEAR ELIGIBILITY. If the Employer elects a 2 years of service condition for eligibility purposes under Adoption Agreement Section 2.01, the Plan treats an Employee who incurs a one year Break in Service and who has never become a Participant as a new Employee on the date he first performs an Hour of Service for the Employer after the Break in Service.
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in Service" if during any 12 consecutive month period he does not complete more than 500 Hours of Service with the Employer. The "12 consecutive month period" under this Section 2.03 is the same 12 consecutive month period for which the Plan measures "Years of Service" under Section 2.02.
BREAK IN SERVICE - PARTICIPATION. For purposes of participation in the Plan, the Plan does not apply any Break in Service rule.
BREAK IN SERVICE - PARTICIPATION. (2.03). The one year hold-out rule described in Section 2.03(C) (Choose one of (a), (b), or (c)): (a) [ ] Does not apply. (b) [ ] Applies. Applies to the Plan and to all Participants. (c) [ ] Limited application. Applies to the Plan, but only to a Participant who has incurred a Separation from Service. [Note: The Plan does not apply the rule of parity under Code §410(a)(5)(D) unless the Employer in Appendix B specifies otherwise. See Section 2.03(D).]
BREAK IN SERVICE - PARTICIPATION. The Plan Administrator will apply this Section 2.03 if any Break in Service rule applies under the Plan.
BREAK IN SERVICE - PARTICIPATION. (2.03). The one year hold-out rule described in Section 2.03(C) (Choose one of (a), (b), or (c)): (a) [ ] Does not apply. (b) [ ] Applies. Applies to the Plan and to all Participants. (c) [ ] Limited application. Applies to the Plan, but only to a Participant who has incurred a Separation from Service. [Note: The Plan does not apply the rule of parity under Code §410(a)(5)(D) unless the Employer in Appendix B specifies otherwise. See Section 2.03(D).] 20. EMPLOYER CONTRIBUTIONS TYPE/AMOUNT (3.04(A)). The Employer Contribution under Election 6(a) is subject to the following additional elections as to type and amount (Choose one or more of (a) through (f) as applicable): (a) [ ] Pro rata. % of each Participant's Compensation for the Plan Year. (b) [ ] Permitted disparity (integrated contribution). In accordance with the permitted disparity allocation provisions of Section 3.04(B)(2) but applied as to the contribution, under which the following permitted disparity formula and definition of "Excess Compensation" apply (Choose one of (1) or (2). Complete (3)): (1) [ ] Excess formula (Complete a. and b.): a. of each Participant's Compensation for the Plan Year, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The second percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Section 3.04(B)(2)(c).] (2) [ ] Step-rate formula. (Complete a. and b.): a. of each Participant's Compensation for the Plan Year but excluding Excess Compensation, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The difference between the second percentage and the first percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Plan Section 3.04(B)(2)(c).]
AutoNDA by SimpleDocs
BREAK IN SERVICE - PARTICIPATION. (a) Two (2)
BREAK IN SERVICE - PARTICIPATION. . . . . 2.01 2.04 Participation upon Re-emplment . . . . . . . 2.01 2.05 Change in Employee Status . . . . . . . . . 2.02 2.06 Election Not to Participate . . . . . . . . 2.02
BREAK IN SERVICE - PARTICIPATION. If the Employer chooses the two -------------------------------- year participation option in Adoption Agreement Section 2.01, an Employee shall incur a "Break in Service" if during a Year of Service (as defined in Section 2.02) the Employee does not complete more than 500 Hours of Service for the Employer. The Plan shall treat an Employee who incurs a one year Break in Service and who has never become a Participant as a new Employee on the date the Employee first performs an Hour of Service for the Employer after the Break in Service.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!