Common use of Minimum Age and Service Requirements Clause in Contracts

Minimum Age and Service Requirements. An Eligible Employee (see Section 3.1 above) will be eligible to enter the Plan as a Participant for the selected purpose on the applicable Entry Date upon satisfying the following age and/or service requirements: (a) x Requirements for Elective Deferrals, QMACs and QNECs: (1) Age Requirement 0 (max. 21 – enter zero if none) (2) Service Requirement (check one) x A) None ¨ B) 1-Year Period of Service ¨ C) -month Period of Service (max. 12) ¨ D) -week Period of Service (max. 52) ¨ E) -day Period of Service (max. 365) ¨ F) 1 Year of Service ¨ G) 1 Year of Service, or if earlier, (max. 11) consecutive calendar months of employment ¨ in which the Employee is credited with at least Hours of Service per month ¨ H) 1 Year of Service, or if earlier, (max. 51) consecutive weeks of employment ¨ in which the Employee is credited with at least Hours of Service per week ¨ I) 1 Year of Service, or if earlier, (max. 364) consecutive days of employment ¨ in which the Employee is credited with at least Hours of Service per day

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Western Digital Corp), 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

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Minimum Age and Service Requirements. An Eligible Employee (see Section 3.1 above) will be eligible to enter the Plan as a Participant for the selected purpose on the applicable Entry Date upon satisfying the following age and/or service requirements: (a) x Requirements for Elective Deferrals, QMACs and QNECs: (1) Age Requirement 0 (max. 21 enter zero if none) (2) Service Requirement (check one) x A) None ¨ B) 1-Year Period of Service ¨ C) -month Period of Service (max. 12) ¨ D) -week Period of Service (max. 52) ¨ E) -day Period of Service (max. 365) ¨ F) 1 Year of Service ¨ G) 1 Year of Service, or if earlier, (max. 11) consecutive calendar months of employment ¨ in which the Employee is credited with at least Hours of Service per month ¨ H) 1 Year of Service, or if earlier, (max. 51) consecutive weeks of employment ¨ in which the Employee is credited with at least Hours of Service per week ¨ I) 1 Year of Service, or if earlier, (max. 364) consecutive days of employment ¨ in which the Employee is credited with at least Hours of Service per day

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

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Minimum Age and Service Requirements. An Eligible Employee (see Section 3.1 above) will be eligible to enter the Plan as a Participant for the selected purpose on the applicable Entry Date upon satisfying the following age and/or service requirements: (a) x Requirements for Elective Deferrals, QMACs and QNECs: (1) Age Requirement 0 18 (max. 21 – enter zero if none) (2) Service Requirement (check one) x ) ¨ A) None ¨ B) 1-Year Period of Service ¨ C) -month Period of Service (max. 12) ¨ D) -week Period of Service (max. 5212) ¨ E) -day Period of Service (max. 365) ¨ F) 1 Year of Service ¨ G) 1 Year of Service, or if earlier, (max. 11) consecutive calendar months of employment ¨ in which the Employee is credited with at least Hours of Service per month ¨ H) 1 Year of Service, or if earlier, (max. 51) consecutive weeks of employment ¨ in which the Employee is credited with at least Hours of Service per week ¨ x I) 1 Year of Service, or if earlier, 90 (max. 364) consecutive days of employment ¨ in which the Employee is credited with at least Hours of Service per day

Appears in 1 contract

Samples: 401(k) Adoption Agreement (Pacific Capital Bancorp /Ca/)

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