Years of Service” for Eligibility Service Purposes Clause Samples

Years of Service” for Eligibility Service Purposes. For purposes of determining whether an Eligible Employee has satisfied the participation requirements of Article II of this Adoption Agreement, the following method shall be used for determining Years of Service if the Hourly Records Method is selected under Article I H of this Adoption Agreement. An Eligible Employee shall be credited with one Year of Service (select one): (1) immediately following completion of 1000 Hours of Service. (2) on the last day of the Computation Period in which the Participant completes 1000 Hours of Service. xv For this section only, Non-Profit Sharing Contributions are defined to include Elective Deferral, Employee After-Tax, Rollover, Matching, Qualified Matching, Safe Harbor Matching Contributions, QACA Safe Harbor Matching Contributions, and any other sources not listed here or in footnote xvi. xvi For this section only, Profit Sharing Contributions are defined to include Profit Sharing Contributions, Safe Harbor Nonelective Contributions, QACA Safe Harbor Non-Elective Contributions, Qualified Non-Elective Contributions, Prevailing Wage Contributions, and Money Purchase Contributions.