Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following: ☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service. ☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 3 contracts
Samples: Adoption Agreement, Volume Submitter Adoption Agreement, Volume Submitter Adoption Agreement
Break in Service. A Section 1.2.8 provides that a Break in Service occurs if an Employee fails to complete more than 500 Hours hours of Service service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ (Select one) (X) a. Plan Provision ( ) b. A Break in Service will occur if the Employee fails to complete more than ____ (not Not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 2 contracts
Samples: Adoption Agreement (Southbanc Shares Inc), Adoption Agreement (Jones Medical Industries Inc /De/)
Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 2 contracts
Samples: Adoption Agreement, Volume Submitter Adoption Agreement
Break in Service. A Section 1.2.8 provides that a Break in Service occurs if an Employee fails to complete more than 500 Hours hours of Service service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.Select one)
Appears in 2 contracts
Samples: Adoption Agreement for a Profit Sharing Plan (Main Street Banks Inc /New/), Adoption Agreement (Trek Resources Inc)
Break in Service. A Section 1.2.8 provides that a Break in Service occurs if an Employee fails to complete more than 500 Hours hours of Service service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ (Select one) (x) a. Plan Provision ( ) b. A Break in Service will occur if the Employee fails to complete more than ____ (not Not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 1 contract
Samples: Defined Contribution Plan and Trust (Capstone Pharmacy Services Inc)
Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 five hundred (500) Hours of Eligibility Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 1 contract
Samples: Adoption Agreement
Break in Service. A Section 1.2.12 provides that a Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one [X] a. Plan Provision - Break if less than 501 Hours of the following:
☐ a. Service. [ ] b. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the . [ ] c. Elapsed Time Method.Method shall substitute one of the following in lieu of an Hours of Service requirement:
Appears in 1 contract
Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ o a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ o b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 1 contract
Samples: Volume Submitter Adoption Agreement
Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 1 contract
Samples: Volume Submitter Adoption Agreement
Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 1 contract
Samples: Adoption Agreement for Defined Benefit Pension Plan
Break in Service. A Section 1.2.8 provides that a Break in Service occurs if an any Employee fails to complete more than 500 Hours hours of Service service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.Select one)
Appears in 1 contract
Samples: Adoption Agreement (Security Associates International Inc)
Break in Service. A Break in Service occurs occurs, if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 1 contract
Samples: Adoption Agreement
Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ o a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ o b. Break occurs after a one year period of severance under the Elapsed Time Method.
Appears in 1 contract
Break in Service. A Section 1.2.8 provides that a Break in Service occurs if an Employee fails to complete more than 500 Hours hours of Service service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:(Select one)
☐ a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ b. Break occurs after a one year period of severance under the Elapsed Time Method.Plan Provision
Appears in 1 contract
Break in Service. A Break in Service occurs if an Employee fails to complete more than 500 Hours of Service during the applicable computation period unless a lesser number is specified. This provision will apply UNLESS you select one of the following:
☐ o a. A Break in Service will occur if the Employee fails to complete more than ___ (not to exceed 500) Hours of Service.
☐ o b. Break occurs after a one year period of severance under the Elapsed Time Method.. SAMPLE
Appears in 1 contract
Samples: Volume Submitter Adoption Agreement
