HOUR OF SERVICE. The crediting method for Hours of Service is: (Choose (a) or (b))
(a) The actual method.
(b) The ____________________________ equivalency method, except:
HOUR OF SERVICE. (a) Unless otherwise specified in the Adoption Agreement, each hour for which an Employee is paid, or entitled to payment, for the performance of duties for the Employer. These hours shall be credited to the Employee for the computation period in which the duties are performed, and
(b) each hour for which an Employee is paid, or entitled to payment, by the Employer on account of a period of time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including Disability), layoff, jury duty, military duty or leave of absence. No more than five hundred and one (501) Hours of Service shall be credited under this paragraph for any single continuous period (whether or not such period need occur in a single computation period). Hours under this paragraph shall be calculated and credited pursuant to Section 2530.200b-2 of the Department of Labor Regulations which are incorporated herein by this reference, and
(c) each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Employer. The same Hours of Service shall not be credited both under paragraph (a) or paragraph (b), as the case may be, and under this paragraph (c). These hours shall be credited to the Employee for the computation period or periods to which the award or agreement pertains rather than the computation period in which the award, agreement or payment is made.
(d) Hours of Service shall be credited for employment with the Employer and with other members of an affiliated service group [as defined in Code Section 414(m)], a controlled group of corporations [as defined in Code Section 414(b)], or a group of trades or businesses under common control [as defined in Code Section 414(c)] of which the adopting Employer is a member, and any other entity required to be aggregated with the Employer pursuant to Code Section 414(o) and the Regulations thereunder. Hours of Service shall also be credited for any individual considered an Employee for purposes of this Plan under Code Section 414(n) or Code Section 414(o) and the Regulations thereunder.
(e) Solely for purposes of determining whether a Break in Service, as defined in paragraph 1.14, for participation and vesting purposes has occurred in a computation period, an individual who is absent from work for maternity or paternity reasons shall receive credit for the Hours of Service which would otherwise have been ...
HOUR OF SERVICE. Hour of Service means:
HOUR OF SERVICE. Service is credited on the basis of actual hours for which the Employee is paid or entitled to payment. In the event the Employer does not maintain records of the actual hours service credit is given on the basis of: (Select one even if records are normally maintained as a fail safe.) ☐ a. Days Worked - An Employee will be credited with 10 Hours of Service if he is credited with at least 1 Hour of Service during the day.
HOUR OF SERVICE. The term "Hour of Service" means each hour for which an Employee is paid, or entitled to payment, by the Employer or an Affiliate for the performance of duties as an Employee during any period of employment.
HOUR OF SERVICE. Section 1.2.35 provides that service will be credited on the basis of actual hours for which the employee is paid or entitled to payment. If records of actual hours are not maintained, credit is given on the basis of: (Select one)
HOUR OF SERVICE. (a) Each hour for which an Employee (including an individual considered an Employee under Code section 414(n)) is directly or indirectly paid by (or entitled to payment from) an Affiliated Employer for performing services. The Plan Administrator must credit hours for the computation periods in which the services are performed.
(b) Each hour for which an Employee is paid, or entitled to payment, by the Employer on Account of a period of time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness incapacity (including Disability), jury duty, military duty, layoff or leave of absence. No Hours of Service shall be credited under this paragraph with respect to payments made under any plan maintained solely for the purpose of complying with applicable worker's compensation, unemployment compensation, or disability insurance laws or made solely to reimburse the individual for medical or medically related expenses incurred by the individual.
(c) The Plan Administrator must calculate and credit the hours (as described in subsections (a) and (b) above) according to Department of Labor Regulations section 2530.200b-2 which is incorporated by reference. If an Employer finds it impractical to count the actual Hours of Service for any class or group of Employees, each Employee in that class or group shall be credited with the Hours of Service shown in the following table for each pay period in which the Employee has at least one Hour of Service: Pay Period Hours of Service Credit ----------------------- ------------------------- daily 10 weekly 45 bi-weekly 90 semi-monthly 95 monthly 190 -14- However, an Employee shall be credited only for his normal working hours during a paid absence. The Plan Administrator must credit no more than 501 Hours of Service to an Employee under this subsection (b) during a single, continuous period of service, whether or not the period occurs in a single computation period.
(d) Each hour for which back pay (whether or not damages have been reduced) has been awarded or agreed to by the Employer or an Affiliated Employer. Hours must be credited for the period or periods to which the award or agreement pertains, rather than for the computation period in which the award or agreement is made. The same Hours of Service must not be credited under subsections (a) and (b) above, as applicable, and under this subsection (d).
(e) If an Employee is absent from work fo...
HOUR OF SERVICE. The crediting method for Hours of Service is: (CHOOSE (a) OR (b))
(a) The actual method.
(b) The ____________ equivalency method, except:
(1) No exceptions.
(2) The actual method applies for purposes of: (CHOOSE AT LEAST ONE) [ ] (i) Participation under Article II.
(ii) Vesting under Article V. [ ] (iii) Accrual of benefits under Section 3.06. [NOTE: ON THE BLANK LINE, INSERT "DAILY," "WEEKLY," "SEMI-MONTHLY PAYROLL PERIODS" OR "MONTHLY."]
HOUR OF SERVICE. Unless selected otherwise in the Adoption Agreement, the Hourly Records Method described below shall be used.
HOUR OF SERVICE. The term "Hour of Service" means the hours which are recognized as such under the Company Retirement Plan.
