Common use of Break in Service Rules Clause in Contracts

Break in Service Rules. [See Section 3.7 and Section 8.2.] Generally, all service completed before a Break in Service will be credited upon reemployment. Certain service may be excluded under the following rules: a. [ x ] Standard: No exclusions. [See Section 3.7(a).] b. [ ] "One Year Hold Out Rule." [See Section 3.7(b)(1).] This rule, generally, requires rehired Employees to complete a Year of Service before prior vesting and participation service is restored. c. [ ] "Rule of Parity". [See Section 3.7(b)(3).] This rule, generally, disregards vesting and participation service completed before 5 uninterrupted Breaks in Service. d. [ ] "Alternative Maternity/Paternity Rule." [Not applicable if "Elapsed Time" is selected. See Section 3.7(b)(4).] This rule, generally, increases the number of Breaks in Service from 5 to 6 for all Employees in lieu of crediting service for maternity/paternity leave. e. [ ] Alternative to "Buy Back Rule". [See Section 8.2(b).] This rule, generally, does not require former participants (less than 100% vested) to pay back previous distributions upon reemployment (vesting only). A rehired Participant's vested interest in restored amounts will be determined under: [Check one. See Section 8.2(a), Section 8.2(b) and Section 8.2(c).]