Common use of Hours of Service method Clause in Contracts

Hours of Service method. A Year of Service will be credited upon completion of __________ Hours of Service. A Year of Service for vesting purposes will not be less than one (1) Hour of Service nor greater than 1,000 hours by operation of law. [If left blank, the Plan will use 1,000 hours.] The computation period for purposes of determining Years of Service and Breaks in Service for purposes of computing a Participant’s nonforfeitable right to his or her account balance derived from Employer contributions:

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Prototype Defined Contribution Plan (Athens Bancshares Corp)

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Hours of Service method. A Year of Service will be credited upon completion of __________ 1,000 Hours of Service. A Year of Service for vesting purposes will not be less than one (1) Hour of Service nor greater than 1,000 hours by operation of law. [If left blank, the Plan will use 1,000 hours.] The computation period for purposes of determining Years of Service and Breaks in Service for purposes of computing a Participant’s nonforfeitable right to his or her account balance derived from Employer contributions:

Appears in 1 contract

Samples: Sterling Chemicals Inc

Hours of Service method. A Year of Service will be credited upon completion of __________ 1,000 Hours of Service. A Year of Service for vesting purposes will may not be less than one (1) 1 Hour of Service nor greater than 1,000 hours by operation of lawHours. [If left blankNOTE: FOR ALL PURPOSES, the Plan will use A YEAR OF SERVICE WILL NOT BE GREATER THAN 1,000 hoursHOURS BY OPERATION OF LAW; SEE SECTIONS IV, IX AND XIII OF THIS ADOPTION AGREEMENT FOR ADDITIONAL INFORMATION ON THE APPLICATION OF A YEAR OF SERVICE.] The computation period for purposes of determining Years of Service and Breaks in Service for purposes of computing a Participant’s nonforfeitable right to his or her account balance derived from Employer contributions:

Appears in 1 contract

Samples: Monro Muffler Brake Inc

Hours of Service method. A Year of Service will be credited upon completion of __________ 1000 Hours of Service. A Year of Service for vesting purposes will not be less than one (1) Hour of Service nor greater than 1,000 hours by operation of law. [If left blank, the Plan will use 1,000 hours.] The computation period for purposes of determining Years of Service and Breaks in Service for purposes of computing a Participant’s nonforfeitable right to his or her account balance derived from Employer contributions:

Appears in 1 contract

Samples: Participation Agreement (Sterling Chemicals Inc)

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Hours of Service method. A Year of Service will be credited upon completion of __________ Hours of Service. A Year of Service for vesting purposes will not be less than one (1) Hour of Service nor or greater than 1,000 hours by operation of law. [If left blank, the Plan will use 1,000 hours.] . The computation period for purposes of determining Years of Service and Breaks in Service for purposes of computing a Participant’s nonforfeitable right to his or her account balance derived from Employer contributions:

Appears in 1 contract

Samples: Willis Group Holdings LTD

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