Common use of Measuring Period Clause in Contracts

Measuring Period. Compensation will be based on the Plan Year. However, for an Eligible Employee’s initial year of participation in the Plan. Compensation will be recognized as of: o The first day of the Plan Year. þ The date the Eligible Employee becomes a Participant in the Plan.

Measuring Period. Compensation will be based on the Plan Year. ---------------- However, for an Eligible Employee’s 's initial year of participation in the Plan. , Compensation will be recognized as of: o The [ ] (1) the first day of the Plan Year. þ The [X] (2) the date the Eligible Employee becomes a Participant in enters the Plan.