Rule of Parity. If the Sponsoring Employer elects the Rule of Parity in the Adoption Agreement, then any Year(s) of Service completed prior to an Employee’s Break(s) in Service will not be counted for benefit accrual or allocation purposes if those Year(s) of Service are disregarded pursuant to the Rule of Parity.
Appears in 2 contracts
Samples: Non Standardized Prototype Adoption Agreement (Michaels Stores Inc), Littelfuse Inc /De
Rule of Parity. If the Sponsoring Employer elects the Rule of Parity in the Adoption Agreement, then any Year(s) of Service that were completed prior to an Employee’s Break(s) in Service will not be counted for benefit accrual or allocation purposes if those Year(s) of Service are disregarded pursuant to the Rule of Parity.. DC Basic Plan #01 Page 44 of 126 July 2008
Appears in 1 contract
Samples: Littelfuse Inc /De
Rule of Parity. If the Sponsoring Employer elects the Rule of Parity in the Adoption Agreement, then any Year(s) of Service that were completed prior to an Employee’s Break(s) in Service will not be counted for benefit accrual or allocation purposes if those Year(s) of Service are disregarded pursuant to the Rule of Parity.
Appears in 1 contract
Samples: Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)
