Common use of Equivalency Method Clause in Contracts

Equivalency Method. For purposes of determining an Employee’s Hours of Service for vesting, the Plan will use the Equivalency Method (as defined in Section 7.03(a)(2) of the Plan). The Equivalency Method will apply to: 🞎 (1) All Employees. 🞎 (2) Only to Employees for whom the Employer does not maintain hourly records. For Employees for whom the Employer maintains hourly records, vesting will be determined based on actual hours worked. Hours of Service for vesting will be determined under the following Equivalency Method: 🞎 (3) Monthly. 190 Hours of Service for each month worked. 🞎 (4) Weekly. 45 Hours of Service for each week worked. 🞎 (5)

Appears in 3 contracts

Samples: Retirement Trust Plan, www.d11.org, www.missouristate.edu

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Equivalency Method. For purposes of determining an Employee’s Hours of Service for vesting, the Plan will use the Equivalency Method (as defined in Section 7.03(a)(2) of the Plan). The Equivalency Method will apply to: 🞎 (1) All Employees.� (2) Only to Employees for whom the Employer does not maintain hourly records. For Employees for whom the Employer maintains hourly records, vesting will be determined based on actual hours workedIf this (d) is checked, . Hours of Service for vesting will be determined under the following Equivalency Method: .  🞎 (3) Monthly. 190 Hours of Service for each month worked.� (4) Weekly. 45 Hours of Service for each week worked. 🞎 (5)

Appears in 1 contract

Samples: www.asc-net.com

Equivalency Method. For purposes of determining an Employee’s Hours of Service for vesting, the Plan will use the Equivalency Method (as defined in Section 7.03(a)(2) of the Plan). The Equivalency Method will apply to: 🞎 (1) All Employees.� (2) Only to Employees for whom the Employer does not maintain hourly records. For Employees for whom the Employer maintains hourly records, vesting will be determined based on actual hours worked. Hours of Service for vesting will be determined under the following Equivalency Method: 🞎 (3) Monthly. 190 Hours of Service for each month worked. 🞎 (4) Weekly. 45 Hours of Service for each week worked. 🞎 (5)

Appears in 1 contract

Samples: www.d11.org

Equivalency Method. For purposes of determining an Employee’s Hours of Service for vesting, the Plan will use the Equivalency Method (as defined in Section 7.03(a)(2) of the Plan). The Equivalency Method will apply to: 🞎 (1) All Employees.� (2) Only to Employees for whom the Employer does not maintain hourly records. For Employees for whom the Employer maintains hourly records, vesting will be determined based on actual hours workedIf this (d) is checked, . Hours of Service for vesting will be determined under the following Equivalency Method: . □ 🞎 (3) Monthly. 190 Hours of Service for each month worked.� (4) Weekly. 45 Hours of Service for each week worked. 🞎 (5)

Appears in 1 contract

Samples: www.asc-net.com

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Equivalency Method. For purposes of determining an Employee’s Hours of Service for vesting, the Plan will use the Equivalency Method (as defined in Section 7.03(a)(2) of the Plan). The Equivalency Method will apply to: 🞎¨ (1) All1)All Employees.¨ (2) Onl2)Only y to Employees for whom the Employer does not maintain hourly records. For Employees for whom the Employer maintains hourly records, vesting will be determined based on actual hours worked. Hours of Service for vesting will be determined under the following Equivalency Method: . ¨ � (3) Mont3)Monthlyhly. 190 Hours of Service for each month worked.¨ 🞎 (4) We4)Weeklyekly. 45 Hours of Service for each week worked¨ . 🞎 (5)

Appears in 1 contract

Samples: Adoption Agreement (Rayonier Advanced Materials Inc.)

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