Number of Hours of Service required Clause Samples
The 'Number of Hours of Service required' clause defines the specific amount of time a service provider is obligated to work under a contract. Typically, this clause will state the minimum or maximum number of hours to be performed within a given period, such as weekly or monthly, and may outline expectations for tracking or reporting those hours. By clearly establishing the required service hours, this clause helps prevent misunderstandings about workload and ensures both parties have aligned expectations regarding the scope of work.
Number of Hours of Service required. Instead of 1,000 Hours of Service, Year of Service means the applicable computation period during which an Employee has completed at least (not to exceed 1,000) Hours of Service for:
a. [ ] all purposes
b. [ ] the following purposes (select one or more):
1. [ ] eligibility to participate
2. [ ] vesting
3. [ ] sharing in allocations or contributions
Number of Hours of Service required. Instead of 1,000 Hours of Service, Year of Service means the applicable computation period during which an Employee has completed at least (not to exceed 1,000) Hours of Service for:
a. [ ] all purposes
b. [ ] the following purposes (select one or more):
1. [ ] eligibility to participate
2. [ ] vesting
3. [ ] allocations, distributions and contributions
c. [ ] Other service crediting provisions: (must be definitely determinable and nondiscriminatory; e.g., for vesting a Year of Service is based on 1,000 Hours of Service but for eligibility a Year of Service is based on 900 Hours of Service. NOTE: Must not list more than 1,000 hours in this Section.) This servicing credit provision will be used for:
1. [ ] All purposes
2. [ ] The following purposes (select one or more):
a. [ ] eligibility to participate
b. [ ] vesting
c. [ ] allocations, distributions and contributions
Number of Hours of Service required. Instead of 1,000 Hours of Service, Year of Service means the applicable computation period during which an Employee has completed at least (not to exceed 1,000) Hours of Service for:
a. [ ] all purposes
b. [ ] the following purposes (select one or more):
1. [ ] eligibility to participate
2. [ ] vesting
3. [ ] allocations, distributions and contributions
c. [ ] Other service crediting provisions: (must be definitely determinable and nondiscriminatory; e.g., for vesting a Year of Service is based on 1,000 Hours of Service but for eligibility a Year of Service is based on 900 Hours of Service. NOTE: Must not list more than 1,000 hours in this Section.) This servicing credit provision will be used for:
1. [ ] All purposes
2. [ ] The following purposes (select one or more):
a. [ ] eligibility to participate
b. [ ] vesting
c. [ ] allocations, distributions and contributions
18. VESTING OF PARTICIPANT'S INTEREST (Plan Section 6.4(b))
a. [ ] N/A (no Employer Nonelective Contributions (other than "prevailing wage contributions")) (for 401(k) plans, also no matching contributions or QACA "ADP test safe harbor contributions") (skip to Question 20)
b. [ ] The vesting provisions selected below apply to all Participants unless otherwise selected below. In addition, option l. under Section B of Appendix A to the Adoption Agreement (Special Effective Dates and Other Permitted Elections) can be used to specify any exceptions to the provisions below.
1. [ ] For all contributions. The vesting waiver applies to all contributions if employed on (enter date)
2. [ ] For designated contributions. The vesting waiver applies to (select one or more) (may only be selected with 401(k) Plans):
a. [ ] Employer Nonelective Contributions if employed on
b. [ ] Employer matching contributions if employed on
c. [ ] QACA "ADP test safe harbor contributions" if employed on
c. [ ] N/A (no Employer Nonelective Contributions (other than "prevailing wage contributions"); skip to f.) (may only be selected with 401(k) Plans)
d. [ ] 100% vesting. Participants are 100% Vested in Employer Nonelective Contributions upon entering Plan (required if eligibility requirement is greater than 1 Year (or Period) of Service).
e. [ ] The following vesting schedule, based on a Participant's Years of Service (or Periods of Service if the elapsed time method is selected), applies to Employer Nonelective Contributions:
1. [ ] 6 Year Graded: 0-1 year-0%; 2 years-20%; 3 years-40%; 4 years-60%; 5 years-80%; 6 years-100%...
Number of Hours of Service required. Year of Service will be the applicable computation period during which an Employee has completed at least (may not be more than 2,000) Hours of Service. (If more than 500 Hours of Service is entered or if the Employee is employed on the last day of the Plan Year, credit for a fractional period must be recognized and
Number of Hours of Service required. Instead of 1,000 Hours of Service, Year of Service means the applicable computation period during which an Employee has completed at least (not to exceed 1,000) Hours of Service for:
a. [ ] all purposes
b. [ ] the following purposes (select one or more):
1. [ ] eligibility to participate
2. [ ] vesting
3. [ ] allocations, distributions and contributions
c. [ ] Alternative for counting all prior service. Instead of the default which recognizes all prior service for rehired Employees, the Plan will not recognize prior service and rehired Employee are treated as new hires for the following purposes: (select one)
1. [ ] all purposes
2. [ ] the following purposes (select one or more): a. [ ] eligibility to participate
Number of Hours of Service required. Instead of 1,000 Hours of Service, Year of Service means the applicable computation period during which an Employee has completed at least (not to exceed 1,000) Hours of Service for:
a. [ ] all purposes
b. [ ] the following purposes (select one or more):
1. [ ] eligibility to participate
2. [ ] vesting
3. [ ] sharing in allocations or contributions
17. VESTING OF PARTICIPANT'S INTEREST – EMPLOYER CONTRIBUTIONS (Plan Section 6.4(b))
a. [ ] N/A (no Employer contributions; skip to Question 19)
b. [X] The vesting provisions selected below apply. Section B of Appendix A can be used to specify any exceptions to the provisions below.
c. [ ] N/A (no Employer contributions (other than matching contributions); skip to f.)
d. [X] 100% vesting. Participants are 100% Vested in Employer contributions (other than matching contributions) upon entering Plan.
e. [ ] The following vesting schedule, based on a Participant's Years of Service (or Periods of Service if the elapsed time method is selected), applies to Employer contributions (other than matching contributions):
1. [ ] 6 Year Graded: 0-1 year-0%; 2 years-20%; 3 years-40%; 4 years-60%; 5 years-80%; 6 years-100%
2. [ ] 4 Year Graded: 1 year-25%; 2 years-50%; 3 years-75%; 4 years-100%
3. [ ] 5 Year Graded: 1 year-20%; 2 years-40%; 3 years-60%; 4 years-80%; 5 years-100%
4. [ ] Cliff: 100% vesting after (not to exceed 15) years
5. [ ] Other graded vesting schedule (must provide for full vesting no later than 15 years of service; add additional lines as necessary)
f. [ ] N/A (no Employer matching contributions)
g. [X] The schedule above will also apply to Employer matching contributions.
h. [ ] 100% vesting. Participants are 100% Vested in Employer matching contributions upon entering Plan.
i. [ ] The following vesting schedule, based on a Participant's Years of Service (or Periods of Service if the elapsed time method is selected), applies to Employer matching contributions:
1. [ ] 6 Year Graded: 0-1 year-0%; 2 years-20%; 3 years-40%; 4 years-60%; 5 years-80%; 6 years-100%
2. [ ] 4 Year Graded: 1 year-25%; 2 years-50%; 3 years-75%; 4 years-100%
3. [ ] 5 Year Graded: 1 year-20%; 2 years-40%; 3 years-60%; 4 years-80%; 5 years-100%
4. [ ] Cliff: 100% vesting after (not to exceed 15) years
5. [ ] Other graded vesting schedule (must provide for full vesting no later than 15 years of service; add additional lines as necessary)