Common use of Minimum Age and Service Requirements Clause in Contracts

Minimum Age and Service Requirements. An Eligible Employee (see Section 3.1 above) will be eligible to enter the Plan as a Participant for the selected purpose on the applicable Entry Date upon satisfying the following age and/or service requirements: (a) þ Requirements for Elective Deferrals, QMACs and QNECs: (1) Age Requirement 0 (max. 21 — enter zero if none) (2) Service Requirement (check one) þ A) None o B) 1- Year Period of Service

Appears in 1 contract

Sources: 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De)

Minimum Age and Service Requirements. An Eligible Employee (see Section 3.1 above) will be eligible to enter the Plan as a Participant for the selected purpose on the applicable Entry Date upon satisfying the following age and/or service requirements: (a) þ x Requirements for Elective Deferrals, QMACs and QNECs: (1) Age Requirement 0 21 (max. 21 enter zero if none) (2) Service Requirement (check one) þ o A) None None o B) 1- 1-Year Period of Service

Appears in 1 contract

Sources: 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)