BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in Service" if during any 12 consecutive month period he does not complete more than 500 Hours of Service with the Employer. The "12 consecutive month period" under this Section 2.03 is the same 12 consecutive month period for which the Plan measures "Years of Service" under Section 2.02.
Appears in 12 contracts
Sources: Defined Contribution Prototype Plan and Trust Agreement (Direct Focus Inc), Retirement Savings Plan Adoption Agreement (World Acceptance Corp), Retirement Savings Plan (Capital Holdings Inc)
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in Service" if during any 12 applicable 12-consecutive month period he he/she does not complete more than 500 Hours of Service with the Employer. The "12 12-consecutive month period" under this Section 2.03 is the same 12 12-consecutive month period for which the Plan measures a "Years Year of Service" under Section 2.02. If the Plan applies the Elapsed Time Method of crediting Service under Section 1.15(D), a Participant incurs a "Break in Service" if the Participant has a Period of Severance of at least 12 consecutive months.
Appears in 3 contracts
Sources: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Adoption Agreement (CRH Public LTD Co), Adoption Agreement (Bank of Granite Corp)
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "“Break in Service" ” if during any 12 applicable 12-consecutive month period he he/she does not complete more than 500 Hours of Service with the Employer. The "12 “12-consecutive month period" ” under this Section 2.03 is the same 12 12-consecutive month period for which the Plan measures "Years a “Year of Service" ” under Section 2.02. If the Plan applies the Elapsed Time Method of crediting Service under Section 1.15(D), a Participant incurs a “Break in Service” if the Participant has a Period of Severance of at least 12 consecutive months.
Appears in 2 contracts
Sources: Defined Contribution Prototype Plan (Trimeris Inc), Defined Contribution Prototype Plan (MSC Software Corp)
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in -------------------------------- Service" if during any 12 consecutive month period he does not complete more than 500 Hours of Service with the Employer. The "12 consecutive month period" under this Section 2.03 is the same 12 consecutive month period for which the Plan measures "Years of Service" under Section 2.02.
Appears in 2 contracts
Sources: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/), Defined Contribution Prototype Plan and Trust Agreement (High Country Bancorp Inc)
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in Service" if during any 12 consecutive month period he does not complete more than 500 Hours of Service with the Employer. The "12 consecutive Consecutive month period" under this Section 2.03 is the same 12 consecutive month period for which the Plan measures "Years of Service" under Section 2.02.
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Midcoast Energy Resources Inc)
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in ----------------------------------- Service" if during any 12 consecutive month period he does not complete more than 500 Hours of Service with the Employer. The "12 consecutive month period" under this Section 2.03 is the same 12 consecutive month period for which the Plan measures "Years of Service" under Section 2.02.
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Indian Village Bancorp Inc)
BREAK IN SERVICE - PARTICIPATION. An Employee incurs a "Break in -------------------------------- Service" if during any 12 applicable 12-consecutive month period he he/she does not complete more than 500 Hours of Service with the Employer. The "12 12-consecutive month period" under this Section 2.03 is the same 12 12-consecutive month period for which the Plan measures a "Years Year of Service" under Section 2.02. If the Plan applies the Elapsed Time Method of crediting Service under Section 1.15(D), a Participant incurs a "Break in Service" if the Participant has a Period of Severance of at least 12 consecutive months.
Appears in 1 contract