Common use of YEAR OF SERVICE - VESTING Clause in Contracts

YEAR OF SERVICE - VESTING. Section 4.5 defines a Year of Service for vesting purposes. Generally, an Employee earns a Year of Service for vesting purposes upon the completion of 1,000 Hours of Service during a Vesting Computation Period. For this purpose, Hours of Service are calculated using the Actual Hours Crediting Method. Part 7, #25 of the Agreement [Part 7, #43 of the 401(k) Agreement] permits the Employer to modify these default provisions for determining a Year of Service for vesting purposes.

YEAR OF SERVICE - VESTING. Section 4.5 defines a Year of Service for vesting purposes. Generally, an Employee earns a Year of Service for vesting purposes upon the completion of 1,000 Hours of Service during a Vesting Computation Period. For this purpose, Hours of Service are calculated using the Actual Hours Crediting Method. Part 7, #25 of the Agreement [Part 7, #43 of the 401(kProfit Sharing/401(k) Agreement] permits the Employer to modify these default provisions for determining a Year of Service for vesting purposes.

YEAR OF SERVICE - VESTING. For purposes of vesting under Section 4.5 defines a 5.03, Year of Service for vesting purposes. Generally, means any Plan Year during which an Employee earns a Year of Service for vesting purposes upon the completion of completes not less than 1,000 Hours of Service during a Vesting Computation Period. For this purpose, Hours of Service are calculated using with the Actual Hours Crediting Method. Part 7, #25 of the Agreement [Part 7, #43 of the 401(k) Agreement] permits the Employer to modify these default provisions for determining a Year of Service for vesting purposesEmployer.