Common use of Break in Service Rules Clause in Contracts

Break in Service Rules. o a. The Rule of Parity Break in Service rule does not apply for purposes of determining eligibility or vesting under the Plan. [If this selection a. is not checked, the Rule of Parity Break in Service Rule applies for purposes of eligibility and vesting. (See Sections 1.6 and 4.6 of the BPD.)] o b. One-year holdout Break in Service rule. o (1) Applies to determine eligibility for: [Check one or both.] o (a) Employer Contributions (other than Section 401(k) Deferrals). o (b) Section 401(k) Deferrals. (See Section 1.6(c) of the BPD.) o (2) Applies to determine vesting. (See Section 4.6(a) of the BPD.)

Appears in 2 contracts

Sources: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)

Break in Service Rules. o a. The Rule of Parity Break in Service rule does not apply for purposes of determining eligibility or vesting under the Plan. [If this selection a. is not checked, the Rule of Parity Break in Service jn Seivice Rule applies for purposes of eligibility and vesting. (See Sections 1.6 and 4.6 of the BPD.)] o ] [ ] b. One-year holdout Break in Service rule. o (1) Applies to determine eligibility for: [Check one or both.] o [ ] (a) Employer Contributions (other than Section 401(k) Deferrals). o [ ] (b) Section 401(k) Deferrals. (See Section 1.6(c) of the BPD.) o (2) Applies to determine vesting. (See Section 4.6(a) of the BPD.)the

Appears in 1 contract

Sources: Profit Sharing/401(k) Plan Adoption Agreement (Capital Corp of the West)