Common use of Eligibility Computation Period Clause in Contracts

Eligibility Computation Period. The initial eligibility computation period shall commence on the date on which an Employee first performs an Hour of Service and end with the first anniversary thereof. Each subsequent computation period shall commence on: 1. Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility. 2. The anniversary of the Employee’s employment commencement date and each subsequent twelve (12) consecutive month period thereafter. 3. The first day of the Plan Year which commences prior to the first anniversary date of the Employee’s employment commencement date and each subsequent Plan Year thereafter.

Appears in 8 contracts

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (1st Constitution Bancorp), Defined Contribution Plan (Savannah Bancorp Inc)

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Eligibility Computation Period. The initial eligibility computation period Eligibility Computation Period shall commence on the date on which an Employee first performs an Hour of Service and end with the first anniversary thereof. Each subsequent computation period Computation Period shall commence on: 1. Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility. 2. The anniversary of the Employee’s employment commencement date and each subsequent twelve (12) -consecutive month period thereafter. 3. The first day of the Plan Year which commences prior to the first anniversary date of the Employee’s employment commencement date and each subsequent Plan Year thereafter.

Appears in 5 contracts

Samples: Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.), Adoption Agreement (Atlas America Inc), Defined Contribution Plan (Chicopee Bancorp, Inc.)

Eligibility Computation Period. The initial eligibility computation period Eligibility Computation Period shall commence on the date on which an Employee first performs an Hour of Service and end with the first anniversary thereof. Each subsequent computation period Computation Period shall commence on: 1. a. Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility. 2. b. The anniversary of the Employee’s employment commencement date and each subsequent twelve (12) 12- consecutive month period thereafter. 3. c. The first day of the Plan Year which commences prior to the first anniversary date of the Employee’s employment commencement date and each subsequent Plan Year thereafter.

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

Eligibility Computation Period. The initial eligibility computation period Eligibility Computation Period shall commence on the date on which an Employee first performs an Hour of Service and end with the first anniversary thereof. Each subsequent computation period Computation Period shall commence on: 1. Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility. 2. The anniversary of the Employee’s 's employment commencement date and each subsequent twelve (12) -consecutive month period thereafter. 3. The first day of the Plan Year which commences prior to the first anniversary date of the Employee’s 's employment commencement date and each subsequent Plan Year thereafter.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

Eligibility Computation Period. The initial eligibility computation period shall commence on the date on which an Employee first performs an Hour of Service and end with the first anniversary thereof. Each subsequent computation period shall commence on: 1. Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility. 2. The anniversary of the Employee’s employment commencement date and each subsequent twelve (12) consecutive month period thereafter. 3. The first day of the Plan Year which commences prior to the first anniversary date of the Employee’s employment commencement date and each subsequent Plan Year thereafter.

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan Adoption Agreement (Willis Group Holdings LTD)

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Eligibility Computation Period. The initial eligibility computation period Eligibility Computation Period shall commence on the date on which an Employee first performs an Hour of Service and end with the first anniversary thereof. Each subsequent computation period Computation Period shall commence on: 1. Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility. 2. The anniversary of the Employee’s employment commencement date and each subsequent twelve (12) -consecutive month period thereafter. 3. The first day of the Plan Year which commences prior to the first anniversary date of the on which an Employee’s employment commencement date and each subsequent Plan Year thereafter.

Appears in 1 contract

Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.)

Eligibility Computation Period. The initial eligibility computation period Eligibility Computation Period shall commence on the date on which an Employee first performs an Hour hour of Service and end with the first anniversary thereof. Each subsequent computation period Computation Period shall commence on: 1. Not a. not applicable. The , the Plan has does not have a Service requirement of less than one (1) year Requirement or uses the Elapsed Time method Method to determine eligibilityeligibility pursuant to Section III(k) of this Adoption Agreement. 2. The b. the anniversary of the Employee’s 's employment commencement date and each subsequent twelve (12) 12 consecutive month period thereafter. 3. The c. the first day of the Plan Year which commences prior to the first anniversary date of following the Employee’s 's employment commencement date and each subsequent Plan Year 12 consecutive month period thereafter.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Monro Muffler Brake Inc)

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