Common use of SERVICE WITH PREDECESSOR EMPLOYER Clause in Contracts

SERVICE WITH PREDECESSOR EMPLOYER. All periods of employment with a predecessor employer or employers shall be included in calculating an Employee's service to the extent required by Code section 414(a) if the Employer or an Affiliate maintains a plan of such predecessor employer. However, if the Employer or an Affiliate does not maintain a plan of such predecessor employer, periods of employment with such predecessor employer shall be included in calculating an Employee's service (a) Standard Option - only to the extent required under regulations under Code section 414(a) or (b) Alternative - only if so specified in the Adoption Agreement.