Common use of ELECTIVE SERVICE CREDITING Clause in Contracts

ELECTIVE SERVICE CREDITING. (1.66). The Plan must credit Related Employer Service under Section 1.29(B) and also must credit certain Predecessor Employer/Predecessor Employer Service under Section 1.66(A)/(B). If the Plan is a Multiple Employer Plan, the Plan also must credit Service as provided in Section 10.07. The Plan also elects under Section 1.66(C) to credit as Service the following Predecessor Employer Service (Choose (a) OR (b).): (a) [ ] Not applicable. No elective Predecessor Employer Service crediting applies. (b) [ ] Predecessor Employer. The Plan credits the specified service with the following designated Predecessor Employers as Service for the Employer for the purposes indicated (Complete (1). Choose (2) and/or (3) if applicable): [Note: Any elective Service crediting under this Election 12 must be nondiscriminatory if this is an ERISA Plan.] (1) Employer/Purposes. Credit as Service, (1) (2) (3) (4) service with the following Predecessor Employer(s) for the designated purpose(s) (Choose one or more): All Purposes Eligibility Vesting Allocation Conditions a. [ ] Employer: [ ] [ ] [ ] [ ] b. [ ] Employer: [ ] [ ] [ ] [ ] c. [ ] Employer: [ ] [ ] [ ] [ ] d. [ ] Type of Predecessor. Credit service with any Predecessor [ ] [ ] [ ] [ ] Employer which is (Choose one or more of i. - vi.): i. [ ] An Educational Organization. ii. [ ] An Educational Organization providing post-secondary education. iii. [ ] An Eligible Employer. iv. [ ] A Church-Related Organization. v. [ ] A nonprofit research institution. vi. [ ] Other: (specify organization type) (2) [ ] Time period. Subject to any exceptions noted under Election 12(b)(3), the Plan credits as Service under Election 12(b)(1), all service regardless of when rendered unless a. and/or b. is elected below (Choose a. and/or b. if applicable): a. [ ] Service after. All service, which is or was rendered after: (specify date). b. [ ] Service before. All service, which is or was rendered before: (specify date). (3) [ ] Describe elective Predecessor Employer Service crediting:

Appears in 1 contract

Sources: Adoption Agreement

ELECTIVE SERVICE CREDITING. (1.661.66(A)). The Plan must credit Related Employer Service under Section 1.29(B) and also must credit certain Predecessor Employer/Predecessor Employer Service under Section 1.66(A)/(B1.66(B). If the Plan is a Multiple Employer Plan, the Plan also must credit Service as provided in Section 10.07. The Plan also elects under Section 1.66(C) to credit as Service the following Predecessor Employer Service (Choose (a) OR (b).): (a) [ ] Not applicable. No elective Predecessor Employer Service crediting applies. (b) [ ] Predecessor Employer. The Plan credits the specified service with the following designated Predecessor Employers as Service for the Employer for the purposes indicated (Complete (1). Choose (2) and/or (3) if applicable): [Note: Any elective Service crediting under this Election 12 must be nondiscriminatory if this is an ERISA Plan.]): (1) Employer/Purposes. Credit as Service, (1) (2) (3) (4) service with the following Predecessor Employer(s) for All Allocation the designated purpose(s) (Choose one or more): All Purposes Eligibility Vesting Allocation ConditionsConditions FINAL a. [ ] Employer: [ ] [ ] [ ] [ ] b. [ ] Employer: [ ] [ ] [ ] [ ] c. [ ] Employer: [ ] [ ] [ ] [ ] d. [ ] Type of Predecessor. Credit service with any Predecessor [ ] [ ] [ ] [ ] Employer which is (Choose one or more of i. - i – vi.): i. [ ] An Educational Organization.. [ ] [ ] [ ] [ ] ii. [ ] An Educational Organization providing post-secondary education. iii. [ ] An Eligible Employer. iv. [ ] A Church-Related Organization. v. [ ] A nonprofit research institution. vi. [ ] Other: (specify organization type) (2) [ ] Time period. Subject to any exceptions noted under Election 12(b)(3), the Plan credits as Service under Election 12(b)(1), all service regardless of when rendered unless a. and/or b. is elected below (Choose a. and/or b. if applicable): a. [ ] Service after. All service, which is or was rendered after: (specify date). b. [ ] Service before. All service, which is or was rendered before: (specify date). (3) [ ] Describe elective Predecessor Employer Service crediting:

Appears in 1 contract

Sources: Adoption Agreement

ELECTIVE SERVICE CREDITING. (1.661.56(C)). The Plan must credit Related Employer Service under Section 1.29(B1.23(C) and also must credit certain Predecessor Employer/Predecessor Employer Plan Service under Section 1.66(A)/(B1.56(B). If the Plan is a Multiple Employer Plan, the Plan also must credit Service as provided in Section 10.0712.08. The Plan also elects under Section 1.66(C1.56(C) to credit as Service the following Predecessor Employer Service service (Choose one of (a) OR or (b).):b)):13 p. (a) [ [X] Not applicable. No elective Predecessor Employer Service crediting applies. (b) [ ] Predecessor EmployerApplies. The Plan credits the specified service with the following designated Predecessor Employers as Service for the Employer for the purposes indicated (Choose (1) and (2) as applicable. Complete (13). Choose (2) and/or (34) if applicable): [Note: Any elective Service crediting under this Election 12 13 must be nondiscriminatory if this is an ERISA Plannondiscriminatory.] (1) Employer/Purposes[ ] All purposes. Credit Service for all purposes with Predecessor Employer(s): ___________________________________________ (insert as Service, many names as needed). (2) [ ] Designated purposes. Credit Service with (1) (2) (3) (4) service with the following Predecessor Employer(s) for the designated purpose(s) (Choose one or more): All Purposes Eligibility Vesting Allocation ConditionsContribution Allocation a. [ ] Employer: [ ] ___________________________________________ [ ] [ ] [ ] b. [ ] Employer: [ ] ___________________________________________ [ ] [ ] [ ] c. [ ] Employer: [ ] ___________________________________________ [ ] [ ] [ ] d. [ ] Type of Predecessor. Credit service with any Predecessor [ ] [ ] [ ] [ ] Employer which is (Choose one or more of i. - vi.): i. [ ] An Educational Organization. ii. [ ] An Educational Organization providing post-secondary education. iii. [ ] An Eligible Employer. iv. [ ] A Church-Related Organization. v. [ ] A nonprofit research institution. vi. [ ] Other: (specify organization type) (2) [ ] Time period. Subject to any exceptions noted under Election 12(b)(3), the Plan credits as Service under Election 12(b)(1), all service regardless of when rendered unless a. and/or b. is elected below (Choose a. and/or b. if applicable): a. [ ] Service after. All service, which is or was rendered after: (specify date). b. [ ] Service before. All service, which is or was rendered before: (specify date). (3) [ ] Describe elective Predecessor Employer Service crediting:

Appears in 1 contract

Sources: 401(k) Plan Adoption Agreement (Caterpillar Inc)

ELECTIVE SERVICE CREDITING. (1.661.66(A)). The Plan must credit Related Employer Service under Section 1.29(B) and also must credit certain Predecessor Employer/Predecessor Employer Service under Section 1.66(A)/(B1.66(B). If the Plan is a Multiple Employer Plan, the Plan also must credit Service as provided in Section 10.07. The Plan also elects under Section 1.66(C) to credit as Service the following Predecessor Employer Service (Choose (a) OR (b).): (a) [ ] Not applicable. No elective Predecessor Employer Service crediting applies. (b) [ ] Predecessor Employer. The Plan credits the specified service with the following designated Predecessor Employers as Service for the Employer for the purposes indicated (Complete (1). Choose (2) and/or (3) if applicable): [Note: Any elective Service crediting under this Election 12 must be nondiscriminatory if this is an ERISA Plan.]): (1) Employer/Purposes. Credit as Service, (1) (2) (3) (4) service with the following Predecessor Employer(s) for All Allocation the designated purpose(s) (Choose one or more): All Purposes Eligibility Vesting Allocation ConditionsConditions FINAL a. [ ] Employer: [ ] [ ] [ ] [ ] b. [ ] Employer: [ ] [ ] [ ] [ ] c. [ ] Employer: [ ] [ ] [ ] [ ] d. [ ] Type of Predecessor. : Credit service with any Predecessor [ ] [ ] [ ] [ ] Employer which is (Choose one or more of i. - vi.– v.): i. [ ] An Educational Organization.. [ ] [ ] [ ] [ ] ii. [ ] An Educational Organization providing post-secondary education. iii. [ ] An Eligible Employer. iv. [ ] A Church-Related Organizationnonprofit research institution. v. [ ] A nonprofit research institution. vi. [ ] Other: (specify organization type): (2) [ ] Time period. Subject to any exceptions noted under Election 12(b)(3), the Plan credits as Service under Election 12(b)(1), all service regardless of when rendered unless a. and/or b. is elected below (Choose a. and/or b. if applicable): a. [ ] Service after. All service, which is or was rendered after: (specify date). b. [ ] Service before. All service, which is or was rendered before: (specify date). (3) [ ] Describe elective Predecessor Employer Service crediting:: . [Note: Under Election 12(b)(3), the Employer may describe service crediting from the elections available under Elections 12(b)(1) or (2), or a combination thereof as to a Participant group and/or Contribution Type (e.g., For all purposes credit all service with X, but credit service with Y only on/after 1/1/05 OR Credit all service for all purposes with entities the Employer acquires after 12/31/04 OR Service crediting for X Campus applies only for purposes of Nonelective Contributions and not for Matching Contributions).]

Appears in 1 contract

Sources: Adoption Agreement