Common use of Change In Computation Period Clause in Contracts

Change In Computation Period. In the event that the Plan Year is the vesting computation period and the Plan is amended to change the Plan Year (the vesting computation period) to a different 12-consecutive month period, the first vesting computation period established under such amendment shall begin before the last day of the preceding vesting computation period. A Participant who is credited with 1,000 Hours of Service in both the vesting computation period under the Plan before such amendment, and in the first vesting computation period under the Plan after such amendment, shall be credited with two (2) Years of Service for vesting computation purposes.