Common use of AGE AND SERVICE CONDITIONS Clause in Contracts

AGE AND SERVICE CONDITIONS. For purposes of an Employee’s participation in the Plan, the Plan: (1) may not impose an age condition exceeding age 21; and (2) takes into account all of the Employee’s Years of Service with the Employer, except as provided in Section 2.03. “Year of Service” for purposes of an Employee’s participation in the Plan, means a 12-consecutive month eligibility computation period during which the Employee completes the number of Hours of Service (not exceeding 1,000) the Employer specifies in its Adoption Agreement.

Appears in 2 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Trimeris Inc

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AGE AND SERVICE CONDITIONS. For purposes of an Employee’s 's participation in the Plan, the Plan: (1) may not impose an age condition exceeding age 21; and (2) takes into account all of the Employee’s 's Years of Service with the Employer, except as provided in Section 2.03. "Year of Service" for purposes of an Employee’s 's participation in the Plan, means a 12-consecutive month eligibility computation period during which the Employee completes the number of Hours of Service (not exceeding 1,000) the Employer specifies in its Adoption Agreement.

Appears in 2 contracts

Samples: Participation Agreement (Petco Animal Supplies Inc), Bank of Granite Corp

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AGE AND SERVICE CONDITIONS. For purposes of an Employee’s 's -------------------------- participation in the Plan, the Plan: (1) may not impose an age condition exceeding age 21; and (2) takes into account all of the Employee’s 's Years of Service with the Employer, except as provided in Section 2.03. "Year of Service" for purposes of an Employee’s 's participation in the Plan, means a 12-consecutive month eligibility computation period during which the Employee completes the number of Hours of Service (not exceeding 1,000) the Employer specifies in its Adoption Agreement.

Appears in 1 contract

Samples: Adoption Agreement (Gold Banc Corp Inc)

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