Common use of Year of Service Clause in Contracts

Year of Service. Option (b) should only be chosen if you wish to require less than 1000 hours to be worked by an employee for eligibility, contributions and vesting. Usually Option (a) is chosen. Eligibility Computation Period - Choose whether to measure subsequent eligibility periods on the employee's anniversary or the plan year. Option (d) Plan Year is chosen for administrative convenience.

Appears in 12 contracts

Samples: Adoption Agreement (Invesco Diversified Funds Inc), Adoption Agreement (Invesco Value Trust), Adoption Agreement (Invesco Multiple Asset Funds Inc)

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