Common use of Hours of Service method Clause in Contracts

Hours of Service method. A Year of Service will be credited upon completion of 1,000 Hours of Service. A Year of Service for vesting purposes may not be less than 1 Hour of Service nor greater than 1,000 Hours. NOTE: FOR ALL PURPOSES, A YEAR OF SERVICE WILL NOT BE GREATER THAN 1,000 HOURS BY OPERATION OF LAW; SEE SECTIONS IV, IX AND XIII OF THIS ADOPTION AGREEMENT FOR ADDITIONAL INFORMATION ON THE APPLICATION OF A YEAR OF SERVICE.

Hours of Service method. A Year of Service will be credited upon completion of 1,000 Hours of Service. A Year of Service for vesting purposes may will not be less than 1 one (1) Hour of Service nor greater than 1,000 Hourshours by operation of law. NOTE: FOR ALL PURPOSES[If left blank, A YEAR OF SERVICE WILL NOT BE GREATER THAN the Plan will use 1,000 HOURS BY OPERATION OF LAW; SEE SECTIONS IV, IX AND XIII OF THIS ADOPTION AGREEMENT FOR ADDITIONAL INFORMATION ON THE APPLICATION OF A YEAR OF SERVICEhours.] The computation period for purposes of determining Years of Service and Breaks in Service for purposes of computing a Participant’s nonforfeitable right to his or her account balance derived from Employer contributions: