ALTERNATE RULE Clause Samples

The "Alternate Rule" clause establishes an alternative set of procedures or standards that apply in place of the default rules outlined elsewhere in the agreement. In practice, this clause may specify different methods for resolving disputes, calculating payments, or determining responsibilities, depending on certain conditions or at the parties' election. Its core function is to provide flexibility and customization, allowing the parties to tailor the agreement to their specific needs or circumstances, thereby ensuring that the contract remains practical and relevant in varying situations.
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ALTERNATE RULE. If the Adoption Agreement so provides, the initial Eligibility Computation Period shall be the Computation Period commencing on an Employee's Employment Commencement Date and the succeeding Eligibility Computation Period(s) shall commence with the first Plan Year which begins prior to the first anniversary of the Employee's Employment Commencement Date regardless of whether the Employee is entitled to be credited with the number of Hours of Service required by the Adoption Agreement (not to exceed 1,000 Hours of Service) during the initial Eligibility Computation Period. An Employee who is credited with the number of Hours of Service required by the Adoption Agreement (not to exceed 1,000 Hours of Service) in both the initial Eligibility Computation Period and the first Plan Year which commences prior to the first anniversary of the Employee's initial Eligibility Computation Period shall be credited with two Years of Service for Eligibility for purposes of participation in the Plan. Years of Service for Eligibility and One-Year Breaks In Service for eligibility shall be measured by the same Eligibility Computation Periods. This provision is not applicable if the elapsed time method is selected in Section A.2.2(B)(2) of the Adoption Agreement.
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ALTERNATE RULE. The Eligibility Computation Period(s) shall be determined under Section 1.24(B) of the Plan.
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Related to ALTERNATE RULE

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  • HOUSE RULES RESIDENT shall comply with all house rules as stated on separate addendum, but which are deemed part of this rental agreement, and a violation of any of the house rules is considered a breach of this agreement.

  • REGULATION GG Each Fund represents and warrants that it does not engage in an “Internet gambling business,” as such term is defined in Section 233.2(r) of Federal Reserve Regulation GG (12 CFR 233) and covenants that it shall not engage in an Internet gambling business. In accordance with Regulation GG, each Fund is hereby notified that “restricted transactions,” as such term is defined in Section 233.2(y) of Regulation GG, are prohibited in any dealings with the Custodian pursuant to this Agreement or otherwise between or among any party hereto.

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