Common use of Year of Service for Participation Clause in Contracts

Year of Service for Participation. For participation purposes, an Employee will be credited with a Year of Service [Check one. See Section 3.1(b)(3) and Section 3.1(d).] (1) [ x ] Standard: at the end of the Computation Period in which the Employee completes at least 1,000 Hours of Service. (2) [ ] on the date on which the Employee completes at least [not more than 1,000] Hours of Service. (3) [ ] at the end of the Computation Period on which the Employee completes at least [not more than 1,000] Hours of Service. Notwithstanding the foregoing, if a partial Year of Service is selected in Part III.B, no minimum number of Hours of Service will be required.

Appears in 3 contracts

Samples: Flexible Nonstandardized 401(k) Adoption Agreement (Oshkosh B Gosh Inc), 401(k) Adoption Agreement (Oshkosh B Gosh Inc), Flexible Nonstandardized 401(k) Adoption Agreement (Oshkosh B Gosh Inc)

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Year of Service for Participation. For participation purposes, an Employee will be credited with a Year of Service [Check one. See Section 3.1(b)(3) and Section 3.1(dSection. 3.1 (d).] (1) [ x ] StandardSTANDARD: at the end of the Computation Period in which the Employee completes at least 1,000 Hours of Service., (2) [ [x] on the date on which the Employee completes at least 1 [not more than t1-tan 1,000] Hours flours of Service. (3) [ ] at the end of the Computation Period on which the Employee completes at least [not more than 1,000] Hours hours of Service. Notwithstanding the foregoing, if a partial Year of Service is selected in Part III.B, no minimum number of Hours of Service will be required.

Appears in 1 contract

Samples: Profit Sharing and 1165(e) Adoption Agreement (Novelis Inc.)

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