Common use of Minimum service condition Clause in Contracts

Minimum service condition. An Employee must be credited with at least:  (1) Hours of Service during the Plan Year.  (i) Hours of Service are determined using actual Hours of Service.  (ii) Hours of Service are determined using the following Equivalency Method (as defined under Section 2.03(a)(5) of the Plan):  (A) Monthly  (B) Weekly  (C) Daily  (D) Semi-monthly

Appears in 1 contract

Samples: Pension Plan Adoption Agreement

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Minimum service condition. An Employee must be credited with at least:  : (1) Hours of Service (not to exceed 1,000) during the Plan Year.  . (i) Hours of Service are determined using actual Hours of Service.  . (ii) Hours of Service are determined using the following Equivalency Method (as defined under Section 2.03(a)(5) of the PlanAA §4- 3): (A) Monthly (B) Weekly (C) Daily (D) Semi-monthlymonthly  (2) (not more than 182) consecutive days of employment with the Employer during the Plan Year.

Appears in 1 contract

Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement

Minimum service condition. An Employee must be credited with at least:  : (1) Hours of Service during the Plan Year.  . (i) Hours of Service are determined using actual Hours of Service.  . (ii) Hours of Service are determined using the following Equivalency Method (as defined under Section 2.03(a)(5) of the PlanAA §4- 3):  (A) Monthly  (B) Weekly  (C) Daily  (D) Semi-monthlymonthly  (2) consecutive days of employment with the Employer during the Plan Year.

Appears in 1 contract

Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement

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Minimum service condition. An Employee must be credited with at least:  : (1) Hours of Service during the Plan Year.  . (i) Hours of Service are determined using actual Hours of Service.  . (ii) Hours of Service are determined using the following Equivalency Method (as defined under Section 2.03(a)(5) of the Plan):  (A) Monthly  (B) Weekly  (C) Daily  (D) Semi-monthly (2) consecutive days of employment with the Employer during the Plan Year.

Appears in 1 contract

Samples: Pension Plan Adoption Agreement

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