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Common use of Elapsed Time Method Clause in Contracts

Elapsed Time Method. Vesting service will be determined under the Elapsed Time Method. (See Section 7.03(b) of the Plan.)

Appears in 5 contracts

Sources: 401(k) Plan Adoption Agreement, Volume Submitter Money Purchase Plan Adoption Agreement, Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement

Related Clauses

  • Measurement method
  • Billing Method
  • Settlement Method
  • Payment Method
  • Payment Methodology

Parent Clauses

  • Definitions
  • Hour of Service
  • Year of Service
  • Method of Crediting Hours of Service
  • Crediting and computation

Sub-Clauses

  • Elapsed Time - Break in Service
  • Elapsed Time - Period of Severance
  • CHANGING ELECTIVE DEFERRAL AMOUNTS
  • Period of Severance
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