Common use of Service with Affiliates Clause in Contracts

Service with Affiliates. As indicated in Plan Section 2.22, in determining a participant's vesting percentage and in determining for purposes of this Article whether an Employee has terminated his employment or has a One Year Break in Service, Hours of Service completed with a member of a Control Group shall be deemed to be Hours of Service completed with the Employer.

Appears in 1 contract

Sources: Adoption Agreement (First Bancorp /Pr/)

Service with Affiliates. As indicated in Plan Section 2.222.19 of the Plan, in determining a participantParticipant's vesting percentage and in determining for purposes of this Article whether an Employee has terminated his employment Service or has a One Year Break in Service, Hours of Service completed with a member of a Control Group controlled business shall be deemed to be Hours of Service completed with the EmployerEmployee.

Appears in 1 contract

Sources: Adoption Agreement (First Bancorp /Pr/)