Equivalency Method. Under an Equivalency Method, for each equivalency period for which the Plan Administrator would credit the Employee with at least one Hour of Service, the Plan Administrator will credit the Employee with: (i) 10 Hours of Service for a daily equivalency; (ii) 45 Hours of Service for a weekly equivalency; (iii) 95 Hours of Service for a semimonthly payroll period equivalency; and (iv) 190 Hours of Service for a monthly equivalency.
Appears in 6 contracts
Sources: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Defined Contribution Prototype Plan (Trimeris Inc), Defined Contribution Prototype Plan (MSC Software Corp)
Equivalency Method. Under an Equivalency Method, for each equivalency period for which the Plan Administrator would credit the Employee with at least one Hour of Service, the Plan Administrator will credit the Employee with: (ia) 10 Hours of Service for a daily equivalency; (iib) 45 Hours of Service for a weekly equivalency; (iiic) 95 Hours of Service for a semimonthly payroll period equivalency; and (ivd) 190 Hours of Service for a monthly equivalency.
Appears in 3 contracts
Sources: 401(k) Plan Adoption Agreement (Knowles Corp), 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)
Equivalency Method. Under an Equivalency Method, for each equivalency period for which the Plan Administrator would credit the Employee with at least one Hour of Service, the Plan Administrator will credit the Employee with: (ia) 10 Hours of Service for a daily equivalency; (iib) 45 Hours of Service for a weekly equivalency; (iiic) 95 Hours of Service for a semimonthly semi-monthly payroll period equivalency; and (ivd) 190 Hours of Service for a monthly equivalency.
Appears in 1 contract
Sources: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)
Equivalency Method. Under an Equivalency Method, for each equivalency period for which the Plan Administrator would credit the Employee with at least one Hour of Service, the Plan Administrator will credit the Employee with: (ia) 10 Hours of Service for a daily equivalency; (iib) 45 Hours of Service for a weekly equivalency; (iiic) 95 Hours of Service for a semimonthly semi‑monthly payroll period equivalency; and (ivd) 190 Hours of Service for a monthly equivalency.
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)
Equivalency Method. Under an Equivalency Method, for each equivalency period for which the Plan Administrator would credit the Employee with at least one Hour of Service, the Plan Administrator will credit the Employee with: (i1) 10 Hours of Service for a daily equivalency; (ii2) 45 Hours of Service for a weekly equivalency; (iii3) 95 Hours of Service for a semimonthly payroll period equivalency; and (iv4) 190 Hours of Service for a monthly equivalency.
Appears in 1 contract