Common use of Equivalency Clause in Contracts

Equivalency. Unless selected otherwise in the Adoption, actual hours shall be used. If selected in the Adoption Agreement, the determination of the number of Hours of Service earned in a Computation Period may be based on the equivalency method specified in the Adoption Agreement instead of counting the actual number of Hours of Service performed.

Appears in 3 contracts

Sources: Defined Contribution Plan and Trust (Comstock Resources Inc), Defined Contribution Plan and Trust (Triad Guaranty Inc), 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)