Common use of Break in Service Rules Clause in Contracts

Break in Service Rules. The Nonvested Participant Break in Service rule and the One-Year Break in Service rule do NOT apply. (See Section 2.07 of the Plan.) To override the default eligibility rules, complete the applicable sections of this AA §4-3. If this AA §4-3 is not completed for a particular contribution source, the default eligibility rules apply.

Appears in 5 contracts

Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement, Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.), 401(k) Plan Adoption Agreement

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Break in Service Rules. The Nonvested Participant Break in Service rule and the One-Year Break in Service rule do NOT apply. (See Section 2.07 of the Plan.) To override the default eligibility rules, complete the applicable sections of this AA §4-3. If this AA §4-3 is not completed for a particular contribution sourcecompleted, the default eligibility rules apply.

Appears in 2 contracts

Samples: Volume Submitter Money Purchase Plan Adoption Agreement, Volume Submitter Money Purchase Plan Adoption Agreement

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Break in Service Rules. The Nonvested Participant Break in Service rule (see Section 2.07(b) of the Plan) and the One-Year Break in Service rule (see Section 2.07(d) of the Plan) do NOT apply. (See Section 2.07 Governmental Plans are not subject to the Break in Service rules under Title I of ERISA and can modify the Break in Service rules of the Plan.) Plan accordingly. To override the default eligibility rules, complete the applicable sections of this AA §4-3. If this AA §4-3 is not completed for a particular contribution source, the default eligibility rules apply.

Appears in 1 contract

Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement

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