Two Year Eligibility. If the Employer under Adoption Agreement Section 2.01 elects a two Years of Service condition for eligibility purposes, an Employee who incurs a one year Break in Service prior to completing two Years of Service is a new Employee on the date he/she first performs an Hour of Service for the Employer after the Break in Service, and the Employee establishes a new Employment Commencement Date for purposes of the initial eligibility computation period under Section 2.02.
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Samples: Defined Contribution Prototype Plan (MSC Software Corp), 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Defined Contribution Prototype Plan (Trimeris Inc)
Two Year Eligibility. If the Employer under the Adoption Agreement Section 2.01 elects a two Years of Service condition for eligibility purposescondition, an Employee who incurs a one year Break in Service prior to completing two Years of Service Service: (1) is a new Employee on the date he/she first performs an Hour of Service for the Employer after the Break in Service, ; (2) the Plan disregards the Employee's Service prior to the Break in Service; and (3) the Employee establishes a new Employment Commencement Date for purposes of the initial eligibility computation period Initial Eligibility Computation Period under Section 2.022.02(C).
Appears in 3 contracts
Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp), Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)
Two Year Eligibility. If the Employer under the Adoption Agreement Section 2.01 elects a two Years of Service condition for eligibility purposescondition, an Employee who incurs a one year Break in Service prior to completing two Years of Service Service:
(1) is a new Employee on the date he/she first performs an Hour of Service for the Employer after the Break in Service, ; (2) the Plan disregards the Employee’s Service prior to the Break in Service; and (3) the Employee establishes a new Employment Commencement Date for purposes of the initial eligibility computation period Initial Eligibility Computation Period under Section 2.022.02(C).
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Two Year Eligibility. If the Employer under the Adoption Agreement Section 2.01 elects a two Years of Service condition for eligibility purposescondition, an Employee who incurs a one year Break in Service prior to completing two Years of Service Service:
(1) is a new Employee on the date he/she first performs an Hour of Service for the Employer after the Break in Service, ; (2) the Plan disregards the Employee's Service prior to the Break in Service; and (3) the Employee establishes a new Employment Commencement Date for purposes of the initial eligibility computation period Initial Eligibility Computation Period under Section 2.022.02(C).
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Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc)
Two Year Eligibility. If the Employer under the Adoption Agreement Section 2.01 elects a two Years of Service condition for eligibility purposescondition, an Employee who incurs a one year Break in Service prior to completing two Years of Service Service: (1) is a new Employee Employee, on the date he/she first performs an Hour of Service for the Employer after the Break in Service, ; (2) the Plan disregards the Employee’s Service prior to the Break in Service; and (3) the Employee establishes a new Employment Commencement Date for purposes of the initial eligibility computation period Initial Eligibility Computation Period under Section 2.022.02(C).
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