Common use of Vesting Computation Period Clause in Contracts

Vesting Computation Period. If the Hourly Records Method is selected, Vesting Computation Period means the Plan Year. If the Elapsed Time Method is selected, Vesting Computation Period means the 12-month period ending on the first anniversary of the Employee’s date of hire and each anniversary thereafter. Unless selected otherwise in the Adoption Agreement, the Hourly Records Method shall be used.