Eligibility Service Requirement Sample Clauses

Eligibility Service Requirement. An Employee will be eligible to become a Participant in the Plan for purposes of becoming a Contributing Participant (and thus eligible to make Elective Deferrals) or receiving an allocation of any Employer Profit Sharing Contributions, as applicable, made pursuant to Section Three of the Adoption Agreement (select one). Option 1: No eligibility service required.
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Eligibility Service Requirement a. No eligibility service requirement. b. Six months of employment. (If this option is selected, an Employee will not be required to complete any specified number of Hours of Service in the six-month period.)
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Eligibility Service Requirement. (1) Eligibility to Participate in Plan (check one): (A) x no Eligibility Service requirement. (B) o (not to exceed 11) months of Eligibility Service requirement (no minimum number Hours of Service can be required). (C) o one year of Eligibility Service requirement (at least 1,000 Hours of Service are required during the Eligibility Computation Period). (D) o two years of Eligibility Service requirement (at least 1,000 Hours of Service are required during each Eligibility Computation Period). (Do not select if Option 1.01(b)(1), 401(k) Only, is checked, unless a different Eligibility Service requirement applies to Deferral Contributions under Option 1.04(b)(2).) Note: If the Employer selects the two year Eligibility Service requirement, then contributions subject to such Eligibility Service requirement must be 100% vested when made. (2) o Special Eligibility Service requirement for Deferral Contributions and/or Matching Employer Contributions: (A) The special Eligibility Service requirement applies to (check the appropriate box(es)): (i) o Deferral Contributions. (ii) o Matching Employer Contributions. (B) The special Eligibility Service requirement is: (Fill in (A), (B), or (C) from Subsection 1.04(b)(1) above).
Sample 1
Eligibility Service Requirement. An Employee will be eligible to become a Participant in the Plan for purposes of becoming a Contributing Participant (and thus eligible to make Elective Deferrals) or receiving an allocation of any Employer Profit Sharing Contributions, as applicable, made pursuant to Section Three of the Adoption Agreement (select one). Option 1: No eligibility service required. NOTE: If an Employee does not satisfy the Months of Eligibility Service requirement within the initial period specified above, such Employee will satisfy the Plan’s service requirement and be eligible to become a Participant in the Plan for purposes of the contributions specified above upon completion of 1,000 Hours of Service within the Eligibility Computation Period.
Sample 1Sample 2
Eligibility Service Requirement. The words “Eligibility Service Requirement” shall mean the satisfaction of either of the following two conditions, whichever occurs earlier: (1) completion of a six (6) full consecutive month period of employment service, or (2) earning 1,000 or more Hours of Employment Service during the Eligibility Computation Period.
Sample 1Sample 2
Eligibility Service Requirement. An Employee will be eligible to become a Participant in the Plan for purposes of becoming a Contributing Participant (and thus eligible to make Elective Deferrals), receiving Matching Contributions, or receiving an allocation of any Employer Profit Sharing Contributions, Safe Harbor Contributions and Qualified Nonelective Contributions, as applicable, made pursuant to Section Three of the Adoption Agreement (select and complete all that apply): [X] No eligibility service required. If this option is selected, there will be no eligibility service requirement for the following contributions (select all that apply): [X] Elective Deferrals. o Matching Contributions. o Employer Profit Sharing Contributions. [X] Safe Harbor/QACA Safe Harbor Contributions. o Qualified Nonelective Contributions. o After completing consecutive Months of Eligibility Service (not more than 12) beginning on the Employee's date of hire. If this option is selected, an Employee will be eligible to become a Participant in the Plan for purposes of the following contributions after completing the number of consecutive Months of Eligibility Service specified above (select all that apply): o Elective Deferrals. o Matching Contributions. o Employer Profit Sharing Contributions. o Safe Harbor/QACA Safe Harbor Contributions. o Qualified Nonelective Contributions. o After completing consecutive Months of Eligibility Service (not more than 12) beginning on the Employee's date of hire, during which time the Employee completes at least Hours of Service (not more than 1,000). If this option is selected, an Employee will be eligible to become a Participant in the Plan for purposes of the following contributions after completing the number of consecutive Months of Eligibility Service and Hours of Service specified above (select all that apply): o Elective Deferrals. o Matching Contributions. o Employer Profit Sharing Contributions. o Safe Harbor/QACA Safe Harbor Contributions.
Sample 1
Eligibility Service Requirement. An Employee will be eligible to become a Participant in the Plan for purposes of becoming a Contributing Participant (and thus eligible to make Elective Deferrals), receiving Matching Contributions, or receiving an allocation of any Employer Profit Sharing Contributions, as applicable, made pursuant to Section Three of the Adoption Agreement (select one): Option 1: No eligibility service required. NOTE: If an Employee does not satisfy the Months of Eligibility Service requirement within the initial period specified above and the Hours of Service method of determining eligibility service applies, such Employee will satisfy the Plan’s service requirement and be eligible to become a Participant in the Plan for purposes of the contributions specified above upon completion of 1,000 Hours of Service within the Eligibility Computation Period. If the Elapsed Time method of determining eligibility service applies, an Employee will satisfy the Plan’s service requirement and be eligible to become a Participant in the Plan for purposes of the contributions specified above upon completion of the number of consecutive Months of Eligibility Service specified above. Option 3: After completing 1 Year of Eligibility Service (Period of Service, if applicable). NOTE: If no option is selected, Option 1 will apply.
Sample 1
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Eligibility Service Requirement. An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Money Purchase Pension Contributions, as applicable, made pursuant to Section Three of the Adoption Agreement (select one): Option 1: No eligibility service is required. Option 2: After completing consecutive Months of Eligibility Service (not more than 24) beginning on the Employee's date of hire.
Sample 1

Related to Eligibility Service Requirement

  • Eligibility Requirements The Trustee hereunder shall at all times (i) be a corporation or association having its principal office in a state and city acceptable to the Seller, organized and doing business under the laws of such state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, or shall be a member of a bank holding system, the aggregate combined capital and surplus of which is at least $50,000,000, provided that its separate capital and surplus shall at all times be at least the amount specified in Section 310(a)(2) of the Trust Indenture Act of 1939, (ii) be subject to supervision or examination by federal or state authority and (iii) have a credit rating or be otherwise acceptable to the Rating Agencies such that neither of the Rating Agencies would reduce their respective then current ratings of the Certificates (or have provided such security from time to time as is sufficient to avoid such reduction) as evidenced in writing by each Rating Agency. If such corporation or association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.08.

  • Employee Eligibility Verification The Contractor warrants that it fully complies with all Federal and State statutes and regulations regarding the employment of aliens and others and that all its employees performing work under this Contract meet the citizenship or alien status requirement set forth in Federal statutes and regulations. The Contractor shall obtain, from all employees performing work hereunder, all verification and other documentation of employment eligibility status required by Federal or State statutes and regulations including, but not limited to, the Immigration Reform and Control Act of 1986, 8 U.S.C. §1324 et seq., as they currently exist and as they may be hereafter amended. The Contractor shall retain all such documentation for all covered employees for the period prescribed by the law. The Contractor shall indemnify, defend with counsel approved in writing by County, and hold harmless, the County, its agents, officers, and employees from employer sanctions and any other liability which may be assessed against the Contractor or the County or both in connection with any alleged violation of any Federal or State statutes or regulations pertaining to the eligibility for employment of any persons performing work under this Contract.

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