Vesting Computation Period. The Plan measures a Year of Service based on the following 12-consecutive month period (Choose one of (1) or (2)):
(1) [ ] Plan Year.
(2) [ ] Anniversary Year.
Vesting Computation Period. A Year of Service for vesting will be determined on the basis of the (choose one):
Vesting Computation Period. The Vesting Computation Period is the Plan Year. • Break in Service Rules. The Nonvested Participant Break in Service rule and One-Year Break in Service rules do NOT apply. To override the default vesting rules, complete the applicable sections of this AA §8-5. If this AA §8-5 is not completed, the default vesting rules apply.
Vesting Computation Period. Instead of the Plan Year: 🞎 (1) The Plan will use Anniversary Years for all Vesting Computation Periods. 🞎
Vesting Computation Period. The Computation Period for vesting purposes will be [Check one. See Section 3.1(b)(2).]
(1) [ x ] Standard: the Plan Year (2) [ ] the 12 month period beginning on the Participant's hire date and each anniversary of that hire date.
Vesting Computation Period. If the Hourly Records Method is selected, Vesting Computation Period means the Plan Year. If the Elapsed Time Method is selected, Vesting Computation Period means the 12-month period ending on the first anniversary of the Employee’s date of hire and each anniversary thereafter. Unless selected otherwise in the Adoption Agreement, the Hourly Records Method shall be used.
Vesting Computation Period. Generally, the Vesting Computation Period is the Plan Year. Alternatively, the Employer may elect under AA §8-5(b) to use the 12-month period commencing on the Employee’s date of hire (or reemployment date, if applicable) and each subsequent 12-month period commencing on the anniversary of such date or the Employer may elect to use any other 12-consecutive month period as the Vesting Computation Period.
Vesting Computation Period. For purposes of computing a Participant’s vested interest in his/her Employer Contribution Account and/or Employer Matching Contribution Account, an Employee’s Vesting Computation Period is the 12-month period measured on a Plan Year basis, unless the Employer elects under Part 7, #26 of the Agreement [Part 7, #44 of the 401(k) Agreement] to measure Vesting Computation Periods using Anniversary Years. The Employer may designate an alternative 12-month period under Part 7, #26.b. of the Nonstandardized Agreement [Part 7, #44.b. of the Nonstandardized 401(k) Agreement]. Any Vesting Computation Period designated under Part 7, #26.b. or #44.b., as applicable, must be a 12-consecutive month period and must apply uniformly to all Participants.
Vesting Computation Period. A Year of Service for vesting will be determined on the basis of the (choose one):
1. Not applicable. All contributions are fully vested.
2. Elapsed Time method.
3. Hour of Service method. A Year of Service will be credited upon completion of Hours of Service. A Year of Service for vesting purposes will not be less than one (1) Hour of Service nor greater than 1,000 hours by operation of law. If left blank, the Plan will use 1,000 hours. The computation period for purposes of determining Years of Service and Breaks in Service for purposes of computing a Participant’s nonforfeitable right to his or her account balance derived from Employer contributions:
4. shall not be applicable since Participants are always fully vested.
5. shall not be applicable, as the Plan is using Elapsed Time.
6. shall commence on the date on which an Employee first performs an Hour of Service for the Employer and each subsequent 12-consecutive month period shall commence on the anniversary thereof.
7. shall commence on the first day of the Plan Year during which an Employee first performs an Hour of Service for the Employer and each subsequent twelve (12) consecutive month period shall commence on the anniversary thereof. For Plans not using Elapsed Time, a Participant shall receive credit for a Year of Service if he or she completes the number of hours specified above at any time during the twelve (12) consecutive month computation period. A Year of Service may be earned prior to the end of the twelve (12) consecutive month computation period, and the Participant need not be employed at the end of the twelve (12) consecutive month computation period to receive credit for a Year of Service.
Vesting Computation Period defines the Vesting Computation Period used to determine whether an Employee has earned a Year of Service for vesting purposes. Generally, the Vesting Computation Period is the Plan Year. Part 7, #26 of the Agreement [Part 7, #44 of the 401(k) Agreement] permits the Employer to elect to use Anniversary Years (see Section 4.4(a)) or, under the Nonstandardized Agreement, any other 12-consecutive month period as the Vesting Computation Period.
