For Vesting Purposes. Hours of Service under the Plan will be determined for all Employees on the basis of the method selected below:
For Vesting Purposes. The 12-consecutive month period during which an Employee is credited with 1000 (not more than 1,000) Hours of Service.
For Vesting Purposes. (Choose one)
For Vesting Purposes. The 12-consecutive month period during which an Employee is credited with 1000 (not more than 1,000) Hours of ---- Service. Prototype Cash or Deferred Profit- Sharing Plan #001
For Vesting Purposes. Years of Service for purposes of computing a Participant's Vested Percentage are referred to as Years of Vesting Service and are determined using the Elapsed Time Method. For purposes of determining an Employee's Years of Vesting Service, an Employee shall receive credit for the aggregate of all time periods commencing on an Employee's Employment Commencement Date, including the Re-Employment Commencement Date, and ending on the date a Break-in-Service begins. An Employee also shall receive credit for any Period of Severance of less than 365 days. A Year of Vesting Service (including a fraction thereof) will be credited for each completed 365 days of Elapsed Time which need not be consecutive. In computing an Employee's Years of Vesting Service, the following rules shall apply:
For Vesting Purposes. The 12-consecutive month period during which an Employee is credited with 1,000 (not more than 1,000) Hours of ----- Service. Regional Prototype Cash or Deferred Profit-Sharing Plan # 012
For Vesting Purposes. (check one) o Elapsed Time Method
For Vesting Purposes. (check one) x Elapsed Time Method o Counting of Hours Method. A Year of Service for Vesting purposes is (max. 1,000) Hours of Service and a Break in Service for Vesting purposes is (max. 500) Hours of Service.
For Vesting Purposes. (Choose one) o (1) The 12-consecutive month period during which an Employee is credited with (not more than 1,000) Hours of Service. ý (2) Elapsed Time If no answer is specified, the Hours of Service method will be used. 4. ELIGIBILITY REQUIREMENTS (a) Service: o (i) The Plan shall have no service requirement. ý (ii) The Plan shall cover only Employees having completed at least one Year of Service. o (iii) The Plan shall cover only Employees having completed at least months (less than 12).
For Vesting Purposes. In the determination of Years of Service for purposes of computing a Participant's Vested Percentage, the twelve-consecutive month computation period shall be the Plan Year. If a Participant fails to complete 1,000 Hours of Service in either of the Plan Years which overlap the eligibility computation period in which he becomes a Participant, he shall nevertheless be credited with a Year of Service for determining his Vested Percentage. Notwithstanding the foregoing, for any short Plan Year, the determination of whether an Employee has completed a Year of Service for vesting purposes shall be made in accordance with Department of Labor regulation 2530.203-2(c). In the determination of a Participant's Vested Percentage, the following service shall be disregarded:
