HOURS OF SERVICE EQUIVALENCIES Clause Samples

The "Hours of Service Equivalencies" clause defines how different types of work hours or shifts are considered equivalent for the purposes of calculating total hours worked or meeting contractual obligations. This clause typically outlines how overtime, part-time, or alternative work schedules are converted into standard hours, ensuring that all forms of service are measured consistently. By establishing clear rules for equivalency, the clause helps prevent disputes over work hour calculations and ensures fairness in tracking employee service or compliance with labor requirements.
HOURS OF SERVICE EQUIVALENCIES. Service will be determined on the basis of the method selected below. Only one method may be selected. The method selected will be applied to all Employees covered under the Plan. (CHOOSE ONE):
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HOURS OF SERVICE EQUIVALENCIES. Service will be determined on the basis of the method selected below. Only one method may be selected. The method selected will be applied to all Employees covered under the Plan. (Choose one): OPTION 1: (o) On the basis of actual hours for which an Employee is paid or entitled to payment. OPTION 2: ( ) On the basis of days worked. An Employee will be credited with 10 Hours of Service if under Section 1.24 of the Plan such Employee would be credited with at least 1 Hour of Service during the day. OPTION 3: ( ) On the basis of weeks worked. An Employee will be credited with 45 Hours of Service if under Section 1.24 of the Plan such Employee would be credited with at least 1 Hour of Service during the weeks.
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HOURS OF SERVICE EQUIVALENCIES. Service will be determined on the basis of the method selected below. Only one method may be selected. The method selected will be applied to all Employees covered under the Plan. (CHOOSE ONE): OPTION 1. [X] On the basis of actual hours for which an Employee is paid or entitled to payment. OPTION 2. [ ] On the basis of days worked. An Employee will be credited with 10 Hours of Service if under Section 1.24 of the Plan such Employee would be credited with at least 1 Hour of Service during the day. OPTION 3. [ ] On the basis of weeks worked. An Employee will be credited with 45 Hours of Service if under Section 1.24 of the Plan such Employee would be credited with at least 1 Hour of Service during the week. OPTION 4. [ ] On the basis of months worked. An Employee will be credited with 190 Hours of Service if under Section 1.24 of the Plan such Employee would be credited with at least 1 Hour of Service during the month. NOTE: IF NO OPTION IS SELECTED, OPTION 1 WILL BE DEEMED TO BE SELECTED. THIS SECTION 5, PART A WILL NOT APPLY IF THE ELAPSED TIME METHOD OF SECTION 5, PART B IS SELECTED.
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HOURS OF SERVICE EQUIVALENCIES. If the Employer does not maintain records that accurately reflect the actual Hours of Service to be credited to an Employee, Hours of Service shall be credited in accordance with the following equivalency: (1) ☐ 10 Hours of Service for each day on which he performs an Hour of Service. (2) ☑ 45 Hours of Service for each week in which he performs an Hour of Service. (3) ☐ 95 Hours of Service for each semi monthly payroll period in which he performs an Hour of Service. Plan Name: AVX Greenville LLC 401(k) Plan 401(k) Safe Harbor Nonelective Employer Contributions hereunder will be made on behalf of "eligible" Participants, as defined in Section 1.12 and, if applicable, as limited herein. 401(k) Safe Harbor Nonelective Employer Contributions will only satisfy the "ADP" test with respect to Deferral Contributions made under this Plan. 401(k) Safe Harbor Nonelective Employer Contributions may only be distributed because of death, disability, severance from employment, age 59 1/2, or termination of the Plan without the establishment of a successor plan. In addition, each Plan Year, the Employer must provide written notice to all Active Participants of their rights and obligations under the Plan.
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HOURS OF SERVICE EQUIVALENCIES. Service will be determined on the basis of (select one): Option 1: [_] Actual hours for which an Employee is paid or entitled to payment. Option 2: [_] Days worked. An Employee will be credited with 10 Hours of Service if under the definition of Hours of Service Section such Employee would be credited with at least one Hours of Service during the day. Option 3: [_] Weeks worked. An Employee will be credited with 45 Hours of Service if under the definition of Hours of Service Section such Employee would be credited with at least one Hours of Service during the week. Option 4: [_] Semi-Monthly payroll periods worked. An Employee will be credited with 95 Hours of Service if under the definition of Hours of Service such Employee would be credited with at least one Hours of Service during the semi-monthly payroll period. Option 5: [_] Months worked. An Employee will be credited with 190 Hours of Service if under the definition of Hours of Service Section such Employee would be credited with at least one Hours of Service during the month. NOTE: If no option is selected, Option 1 shall be deemed to be selected. This Section Six, Part B will not apply if the elapsed time method of Section Six, Part C is selected.
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Related to HOURS OF SERVICE EQUIVALENCIES

  • Hours of Service The minimum number of Hours of Service an Employee must complete during a vesting computation period to receive credit for a Year of Service is: (Choose (c) or (d)) [X] (c) 1,000 Hours of Service.

  • PERIOD OF SERVICE The Grant Services will commence on the Start Date and shall expire on the End Date as set forth in the SUMMARY PAGE.

  • Years of Service A Participant’s Years of Service shall include all service performed for the Employer and ¨ Shall ¨ Shall Not include service performed for the Related Employer.

  • Period of Services Unless otherwise stated herein, the Consultant will begin work after receipt of a properly executed copy of this Agreement. This Agreement assumes conditions permitting continuous and orderly progress through completion of the services. Times for performance shall be extended as necessary for delays or suspensions due to circumstances that the Consultant does not control. If such delay or suspension extends for more than six months, Consultant’s compensation shall be renegotiated.

  • Grades of Service The Parties shall initially engineer and shall monitor and augment all trunk groups consistent with the Joint Process as set forth in Section 14.1 of this Attachment.