Hours of Service method. A Year of Service will be credited upon completion of the requirements below. A Year of Service for allocation accrual purposes cannot be less than 1 Hour of Service nor greater than 1,000 hours by operation of law. If left blank, the Plan will use 1,000 hours. Enter whole digit numbers only.
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:
Hours of Service method. An Employee's year of service will be determined by using the Hours of Service method as described in Article 3 of the Popular Master Plan document or the Employer's Individual Plan Document. [ ] ELAPSED TIME METHOD. An Employee's service will be determined using the elapsed time method, as described in Article 3 of the Popular Master Plan document or the Employer's Individual Plan Document.
Hours of Service method. A Year of Service will be credited upon completion of a stated number of Hours of Service. (Choose number of hours for each item below. The number may not be less than 1 hour of Service nor greater than 1,000 Hours):
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 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: [ ] 4. shall not be applicable since Participants are always fully vested. [ ] 5. shall not be applicable, as the Plan is using Elapsed Time. [ ] 6. shall commence on the date on which an Employee first performs an Hour of Service for the Employer and each subsequent 12-consecutive month period shall commence on the anniversary thereof. [X] 7. shall commence on the first day of the Plan Year during which an Employee first performs an Hour of Service for the Employer and each subsequent 12-consecutive month period shall commence on the anniversary thereof. For Plans not using Elapsed Time, a Participant shall receive credit for a Year of Service if he or she completes the number of hours specified above at any time during the 12-consecutive month computation period. A Year of Service may be earned prior to the end of the 12-consecutive month computation period and the Participant need not be employed at the end of the 12-consecutive month computation period to receive credit for a Year of Service.
Hours of Service method. If the Employer has specified in the Adoption Agreement that service will be credited on the basis of hours, days, weeks, semi-monthly payroll periods, or months, the initial eligibility computation period is the 12-consecutive month period beginning on the date the Employee first performs an Hour of Service for the Employer ("employment commencement date"). Pursuant to the Employer's election in the Adoption Agreement, the succeeding 12-consecutive month periods shall commence with either:
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 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: * 4. shall not be applicable since Participants are always fully vested. * 5. shall not be applicable, as the Plan is using Elapsed Time. * 6. shall commence on the date on which an Employee first performs an Hour of Service for the Employer and each subsequent 12-consecutive month period shall commence on the anniversary thereof.
Hours of Service method. An Employee’s service will be determined by using the hours of service method as described in Section 3.1 of the Plan.
Hours of Service method. The definitions and rules in this section will apply to Employers who in the Adoption Agreement elected to have Employee’s service determined under the hours of service method. For those Employers, the computation of years of service for determining eligibility to participate and vesting will be as follows:
Hours of Service method. An Employee's service will be determined by using the Hours of Service method as described in Article 3 of the Master Plan document or the Employer's Individual Plan Document. [X ] ELAPSED TIME METHOD. An Employee's service will be determined using the elapsed time method, as described in Article 3 of the Master Plan document or the Employer's Individual Plan Document. PREDECESSOR EMPLOYERS. Service with the following predecessor employers will be treated as service with the Employer: Marketing One Securities, Inc.; CS First Boston (Puerto Rico) Inc.; Banco -------------------------------------------------------------------------------- Popular de Puerto Rico; BP Capital Markets, Inc.; any Popular, Inc. Subsidiary -------------------------------------------------------------------------------- ENTRY DATES An Employee may elect to become a Participant and start making Employee Contributions on any entry date on or after he or she satisfies the Plan's eligibility requirements.
