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:

Appears in 5 contracts

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Defined Contribution Plan (ASB Bancorp Inc), Nonstandardized Adoption Agreement (United Community Bancorp)

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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:

Appears in 3 contracts

Samples: Adoption Agreement (Thomasville Bancshares Inc), Nonstandardized Adoption Agreement (CRH Public LTD Co), Nonstandardized Adoption Agreement (Jda Software 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

Appears in 1 contract

Samples: Adoption Agreement for Cash or Deferred Profit Sharing Plan (BBCN 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: (X) 1. Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility.

Appears in 1 contract

Samples: Adoption Agreement (Socket Communications 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 date and each subsequent 12-consecutive month period thereafter. 3. The first day of the Plan Year following the Employee's employment date and each subsequent 12-consecutive month period thereafter.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Felcor Lodging Trust 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 12-consecutive month period thereafter. 3. The first day of the Plan Year which commences prior to the first anniversary of the Employee's commencement date.

Appears in 1 contract

Samples: Profit Sharing Plan Adoption Agreement (First Farmers & Merchants Corp)

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