Common use of BREAK IN SERVICE - VESTING Clause in Contracts

BREAK IN SERVICE - VESTING. For purposes of this Article V, a Participant incurs a "Break in Service" if during any vesting computation period he does not complete more than 500 Hours of Service. If, pursuant to Section 5.06, the Plan does not require more than 500 Hours of Service to receive credit for a Year of Service, a Participant incurs a Break in Service in a vesting computation period in which he fails to complete a Year of Service.

Appears in 33 contracts

Samples: Direct Focus Inc, Section Reference Plan Definition (Autobytel Com Inc), Plan and Trust Agreement (Horizon Health Corp /De/)

AutoNDA by SimpleDocs

BREAK IN SERVICE - VESTING. For purposes of this Article V, a -------------------------- Participant incurs a "Break in Service" if during any vesting computation period he does not complete more than 500 Hours of Service. If, pursuant to Section 5.06, the Plan does not require more than 500 Hours of Service to receive credit for a Year of Service, a Participant incurs a Break in Service in a vesting computation period in which he fails to complete a Year of Service.

Appears in 10 contracts

Samples: Adoption Agreement (Ifb Holdings Inc), Contribution Prototype Plan and Trust Agreement (Global Imaging Systems Inc), Contribution Master Plan and Trust Agreement (Modine Manufacturing Co)

BREAK IN SERVICE - VESTING. For purposes of this Article V, a Participant incurs a "Break in Service" if during any vesting computation period he does not complete more than 500 Hours of Service. If, pursuant to Section 5.06, the Plan does not require more than 500 Hours of Service to receive credit for a Year of Service, a Participant incurs a Break in Service in a vesting computation period in which he fails falls to complete a Year of Service.

Appears in 2 contracts

Samples: Summit Care Corp, Summit Care Corp

BREAK IN SERVICE - VESTING. For purposes of this Article V, a ------------------------------ Participant incurs a "Break in Service" if during any vesting computation period he does not complete more than 500 Hours of Service. If, pursuant to Section 5.06, the Plan does not require more than 500 Hours of Service to receive credit for a Year of Service, a Participant incurs a Break in Service in a vesting computation period in which he fails to complete a Year of Service.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Indian Village Bancorp Inc)

AutoNDA by SimpleDocs

BREAK IN SERVICE - VESTING. For purposes of this Article VParticipant's, a Participant incurs a "Break in Service" if during any vesting computation period he does not complete more than 500 Hours of Service. If, pursuant to Section 5.06, the Plan does not require more than 500 Hours of Service to receive credit for a Year of Service, a Participant incurs a Break in of Service in a vesting computation period in which he fails to complete a Year of Service.

Appears in 1 contract

Samples: Gart Sports Co

Time is Money Join Law Insider Premium to draft better contracts faster.