Participation Requirements for QACA Contributions. (1) Same as Pre-Tax Contributions and/or Xxxx Contributions. (2) Attainment of age ____ (maximum 21) and completion of ____ Year of Service (not to exceed 1 year). If 1 Year of Service is selected, Hours of Service for eligibility purposes shall be based on (select one): (a) hourly records method. For the purpose of determining Hours of Service (select one): (i) only actual hours for which an Employee is paid or entitled to payment shall be counted. (ii) an Employee shall be credited with 45 Hours of Service if under Section 1.51 of the Base Plan Document such Employee would be credited with at least 1 Hour of Service during the week. (b) elapsed time method.
Appears in 1 contract
Samples: Defined Contribution Plan and Trust (Triad Guaranty Inc)
Participation Requirements for QACA Contributions. ¨ (1) Same as Pre-Tax Contributions and/or Xxxx Contributions.
. ¨ (2) Attainment of age ____ (maximum 21) and completion of ____ Year of Service (not to exceed 1 year). If 1 Year of Service is selected, . Hours of Service for eligibility purposes shall be based on (select one):
(a) hourly records method. For the purpose of determining Hours of Service (select one):
): ¨ (i) only actual hours for which an Employee is paid or entitled to payment shall be counted.
. ¨ (ii) an Employee shall be credited with 45 Hours of Service if under Section 1.51 of the Base Plan Document such Employee would be credited with at least 1 Hour of Service during the week.
. ¨ (b) elapsed time method.
Appears in 1 contract
Participation Requirements for QACA Contributions. ¨ (1) Same as Pre-Tax Contributions and/or Xxxx Contributions.
. ¨ (2) Attainment of age ____ (maximum 21) and completion of ____ Year of Service (not to exceed 1 year). If 1 Year of Service is selected, Hours of Service for eligibility purposes shall be based on (select one):
): ¨ (a) hourly records method. For the purpose of determining Hours of Service (select one):
): ¨ (i) only actual hours for which an Employee is paid or entitled to payment shall be counted.
. ¨ (ii) an Employee shall be credited with 45 Hours of Service if under Section 1.51 of the Base Plan Document such Employee would be credited with at least 1 Hour of Service during the week.
. ¨ (b) elapsed time method.
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)
Participation Requirements for QACA Contributions. ¨ (1) Same as Pre-Tax Contributions and/or Xxxx Contributions.
. ¨ (2) Attainment of age _____ (maximum 21) and completion of ______ Year of Service (not to exceed 1 year). If 1 Year of Service is selected, Hours of Service for eligibility purposes shall be based on (select one):
(a) hourly records method. For the purpose of determining Hours of Service (select one):
): ¨ (i) only actual hours for which an Employee is paid or entitled to payment shall be counted.
. ¨ (ii) an Employee shall be credited with 45 Hours of Service if under Section 1.51 of the Base Plan Document such Employee would be credited with at least 1 Hour of Service during the week.
. ¨ (b) elapsed time method.
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan Adoption Agreement (Colfax CORP)
