Plan Years. If the Employer elects under AA §4-3 to base subsequent Eligibility Computation Periods on Plan Years, the Plan will begin measuring Years of Service on the basis of Plan Years beginning with the first Plan Year commencing after the Employee’s Employment Commencement Date. Thus, for the first Plan Year following the Employee’s Employment Commencement Date, the initial Eligibility Computation Period and the first Plan Year Eligibility Computation Period may overlap.
Appears in 3 contracts
Sources: Governmental 457(b) Plan Basic Plan Document, Governmental Nonstandardized Defined Contribution Plan, Governmental 457(b) Plan Basic Plan Document