Equivalency Method. Instead of using actual Hours of Service, an equivalency method will be used to determine Hours of Service for:
a. [ ] all purposes
b. [ ] the following purposes (select one or more):
1. [ ] eligibility to participate
2. [ ] vesting
3. [ ] sharing in allocations or contributions Such method will apply to:
c. [ ] all Employees
d. [ ] Employees for whom records of actual Hours of Service are not maintained or available (e.g., salaried Employees)
e. [ ] other: (e.g., per-diem Employees only) Hours of Service will be determined on the basis of:
f. [ ] days worked (10 hours per day)
g. [ ] weeks worked (45 hours per week)
h. [ ] semi-monthly payroll periods worked (95 hours per semi-monthly pay period)
i. [ ] months worked (190 hours per month)
j. [ ] bi-weekly payroll periods worked (90 hours per bi-weekly pay period)
k. [ ] other: (e.g., option f. is used for per-diem Employees and option g. is used for on-call Employees)
Equivalency Method. For purposes of determining an Employee’s Hours of Service for eligibility, the Plan will use the Equivalency Method (as defined in Section 2.03(a)(5) of the Plan). The Equivalency Method will apply to:
Equivalency Method. For purposes of determining an Employee’s Hours of Service for vesting, the Plan will use the Equivalency Method (as defined in Section 7.03(a)(2) of the Plan). The Equivalency Method will apply to:
Equivalency Method. Under an Equivalency Method, for each equivalency period for which the Plan Administrator would credit the Employee with at least one Hour of Service, the Plan Administrator will credit the Employee with: (i) 10 Hours of Service for a daily equivalency; (ii) 45 Hours of Service for a weekly equivalency; (iii) 95 Hours of Service for a semimonthly payroll period equivalency; and (iv) 190 Hours of Service for a monthly equivalency.
Equivalency Method. Instead of using actual Hours of Service, an equivalency method will be used to determine Hours of Service for:
a. [ ] all purposes
b. [ ] the following purposes (select one or more):
1. [ ] eligibility to participate
2. [ ] vesting
3. [ ] allocations, distributions and contributions Such method will apply to:
Equivalency Method. Instead of using actual Hours of Service, Hours of Service will be determined using the method selected below. Such method will apply to:
a. [ ] all Employees.
b. [ ] Employees for whom records of actual Hours of Service are not maintained or available (e.g., salaried employees). ON THE BASIS OF:
c. [ ] days worked (10 hours per day).
d. [ ] weeks worked (45 hours per week).
e. [ ] semi-monthly payroll periods worked (95 hours per semi-monthly pay period).
f. [ ] months worked (190 hours per month).
g. [ ] bi-weekly payroll periods worked (90 hours per bi-weekly pay period).
Equivalency Method. The Equivalency Method is: _____________. [Note: Insert "daily," "weekly," "semi-monthly payroll periods" or "monthly."] See Plan Section 1.15(C).
Equivalency Method. Instead of using actual Hours of Service, an equivalency method will be used to determine Hours of Service for eligibility. Such method will apply to:
a. [ ] all Employees
b. [ ] Employees for whom records of actual Hours of Service are not maintained or available (e.g., salaried Employees)
c. [ ] other: (e.g., per-diem Employees only) Hours of Service for eligibility will be determined on the basis of:
d. [ ] days worked (10 hours per day).
e. [ ] weeks worked (45 hours per week).
f. [ ] semi-monthly payroll periods worked (95 hours per semi-monthly pay period).
g. [ ] months worked (190 hours per month).
h. [ ] bi-weekly payroll periods worked (90 hours per bi-weekly pay period).
i. [ ] other: (must satisfy DOL Regulation §2530.200b-3(e); e.g., option d. is used for per-diem Employees and option e. is used for on-call Employees)
Equivalency Method. (e.g., daily, weekly, etc.). OR
Equivalency Method. An alternative method for crediting Hours of Service for purposes of eligibility and vesting. To apply, the Employer must elect the Equivalency Method under Part 7 of the Agreement. See Section 6.5(a) for a more detailed discussion of the Equivalency Method.
