REGULAR METHOD. If the regular method is selected, check (a) or (b):
REGULAR METHOD. (1) The first day of the Plan Year (this option cannot be used unless the maximum age and service requirements are reduced by 1/2 year (i.e., age 20 1/2 or less must be selected in Section A.2.2(B)(1)(a)(ii) and the service requirement in Section A.2.2(B)(1)(a) (i) must be reduced by 1/2 year), coincident with, or, if the first day of the Plan Year does not so coincide, the first day of the Plan Year next following, the date on which an Employee meets the eligibility requirements of Article II of the Plan.
(2) The first day of the Plan Year or the date six months after the first day of the Plan Year (whichever date is earlier), coincident with, or if such dates do not so coincide, the first day of the Plan Year or the date six months after the first day of the Plan Year (whichever date is earlier) next following, the date on which an Employee meets the eligibility requirements of Article II of the Plan.
(3) The first day of the month coincident with, or if the first day of the month does not so coincide, the first day of the month next following, the date on which an Employee meets the eligibility requirements of Article II of the Plan.
(4) The Employee's date of hire. [ X ] (5) The date on which the eligibility requirements of Article II of the Plan are met.
REGULAR METHOD. If this method is selected, a One-Year Break In Service shall occur in any Computation Period in which the Employee completes not more than [ 100] (fill in blank, but not to exceed 500) Hours of Service.
REGULAR METHOD. A highly compensated active Employee includes any Employee who performs service for the Employer during the determination year and who during the look-back year: (i) received compensation from the Employer in excess of $75,000 (as adjusted pursuant to Section 415(d) of the Code); (ii) received compensation from the Employer in excess of $50,000 (as adjusted pursuant to Section 415(d) of the Code) and was a member of the top-paid group for such year; or (iii) was an officer of the Employer and received compensation during such year that is greater than 50% of the dollar limitation in effect under Section 415(b)(1)(A) of the Code. The term also includes (A) Employees who are both described in the preceding sentence if the term "determination year" is substituted for the term "look-back year," and among the 100 Employees who received the most compensation from the Employer during the determination year; and (B) Employees who are 5% owners at any time during the look-back year or determination year. If no officer has satisfied the compensation requirement of (iii) above during either a determination year or look-back year, the highest paid officer for such year shall be treated as a Highly Compensated Employee.
REGULAR METHOD. (This method must be selected if Section A.1.55(A) is checked). In order for a Participant to have a Year of Service for Benefit Accrual for any Plan Year, the Participant must complete the number of Hours of Service indicated (check either (a) and fill in blank or (b)):
(a) The number of Hours of Service which must be completed with the Employer in order for a Participant to have a Year of Service for Benefit Accrual is [ 200 ] (fill in blank but not to exceed 1,000 Hours of Service).
(b) The number of Hours of Service which must be completed with the Employer in order for a Participant to have a Year of Service for Benefit Accrual for a Plan Year is 501 if the Participant is not an active Employee on the last day of the Plan Year; if the Participant is an active Employee on the last day of the Plan Year, only one Hour of Service with the Employer must be completed in order for the Participant to have a Year of Service for Benefit Accrual for such Plan Year. NOTE: UNDER PROPOSED TREAS. REG. SECTION 1.410(b) AND 1.401(a)(26), IT MAY BE NECESSARY TO PROVIDE THAT NO MORE THAN 501 HOURS OF SERVICE ARE REQUIRED FOR A YEAR OF SERVICE FOR BENEFIT ACCRUAL FOR ANY PARTICIPANT WHO HAS TERMINATED EMPLOYMENT AND IS NOT AN ACTIVE EMPLOYEE ON THE LAST DAY OF THE PLAN YEAR AND THAT NO MORE THAN ONE HOUR OF SERVICE IS REQUIRED FOR A YEAR OF SERVICE FOR BENEFIT ACCRUAL FOR ANY PARTICIPANT WHO IS AN ACTIVE EMPLOYEE ON THE LAST DAY OF THE PLAN YEAR. (PROPOSED TREAS. REG. SECTION 1.410(b)-3(c) AND 1.401(a)(26)-3(b)(8)).
REGULAR METHOD. A highly compensated active Employee includes any Employee who performs service for the Employer during the determination year and who during the look-back year: (i) received compensation from the Employer in excess of $75,000 (as adjusted pursuant to Section 415(d) of the Code); (ii) received -11- compensation from the Employer in excess of $50,000 (as adjusted pursuant to Section 415(d) of the Code) and was a member of the top-paid group for such year; or (iii) was an officer of the Employer and received compensation during such year that is greater than 50% of the dollar limitation in effect under Section 415(b)(1)(A) of the Code. The term also includes (A) Employees who are both described in the preceding sentence if the term "determination year" is substituted for the term "look-back year," and among the 100 Employees who received the most compensation from the Employer during the determination year; and (B) Employees who are 5% owners at any time during the look-back year or determination year. If no officer has satisfied the compensation requirement of (iii) above during either a determination year or look-back year, the highest paid officer for such year shall be treated as a Highly Compensated Employee. A highly compensated former Employee includes any Employee who separated from service (or was deemed to have separated) before the determination year, performed no service for the Employer during the determination year, and was a highly compensated active Employee for either the year of separation from service or any determination year ending on or after the Employee's 55th birthday. If during a determination year or look-back year an Employee is a family member of either a 5% owner who is an active or former Employee, or a Highly Compensated Employee who is one of the 10 most highly paid Highly Compensated Employees ranked on the basis of compensation paid by the Employer during the year, then the family member and the 5% owner or top-ten Highly Compensated Employee shall be treated as a single Employee receiving compensation and Plan contributions or benefits equal to the sum of the compensation and contributions or benefits of the family member and the 5% owner or top-ten Highly Compensated Employee. For purposes of this Section 2.58(a), family members include the spouse, lineal ascendants and descendants of the Employee or former Employee and the spouses of such lineal ascendants and descendants. For purposes of this subsection (a), the "determ...
REGULAR METHOD. A One-Year Break In Service shall mean a Computation Period during which the Employee has not completed more than the number of Hours of Service (not to exceed 500 Hours of Service) indicated in the Adoption Agreement.
REGULAR METHOD. A Year of Service for Benefit Accrual shall mean any Accrual Computation Period during which a Participant has completed not less than the number of Hours of Service (not to exceed 1,000 Hours of Service) with the Employer indicated in the Adoption Agreement. If the Participant has completed a Year of Service for Benefit Accrual but is not in the service of the Employer at the end of the Accrual Computation Period, a Year of Service for Benefit Accrual shall be credited except to the extent otherwise provided in Section 2.3(G), Section 3.11 and in the Adoption Agreement.
REGULAR METHOD. A Year of Service for Vesting shall mean any Vesting Computation Period indicated in the Adoption Agreement during which an Employee has completed not less than the number of Hours of Service (not to exceed 1,000 Hours of Service) with the Employer indicated in the Adoption Agreement.
REGULAR METHOD. (This method must be selected if Section A.1.55(A) is checked). In order for a Participant to have a Year of Service for Benefit Accrual for any Plan Year, the Participant must complete the number of Hours of Service indicated (check either (a) and fill in blank or (b)):
(a) The number of Hours of Service which must be completed with the Employer in order for a Participant to have a Year of Service for Benefit Accrual is [ 200 ] (fill in blank but not to exceed 1,000 Hours of Service).
