Service of Legal Process If you have to bring legal action against the Plan for any reason, legal process can be served on the Administrator at 6815 Poplar Avenue, Suite 500, Germantown, Tennessee 38138. You must exhaust the Plan's claims procedure (see the Section titled Claims Procedure) before you can bring legal action against the Plan. Service Crediting Your Service refers to the portion of your employment with us or with an Adopting Employer that may be used in some instances to determine your eligibility to participate in the Plan, to determine the Vested Interest in your Account, and to determine whether you are entitled to a contribution allocation for an Allocation Period, as described in more detail below. Hour of Service You are credited with an Hour of Service for each hour that you have a right to be paid by us for the performance of your duties. This includes the actual number of hours that you work and hours for which you are paid but are not at work, such as paid vacation, paid holidays, or paid sick leave. If the Employer does not maintain hourly records for you, then your Hours of Service will be determined on the basis of months worked, and you will be credited with 190 Hours of Service for each month in which you would otherwise be credited with at least one Hour of Service. Year of Entry Service A Year of Entry Service is a period of time used to determine your eligibility to participate in one or more parts of the Plan. You will be credited with a Year of Entry Service for each a 12-consecutive month eligibility computation period in which you are credited with at least 1,000 Hours of Service. Your initial eligibility computation period begins on your date of hire. Your second eligibility computation period overlaps your first eligibility computation period and begins on the first day of the Plan Year which begins prior to the first anniversary of your date of hire. If you complete 1,000 Hours of Service in both the initial eligibility computation period and in the second eligibility computation period, you will be credited with 2 Years of Entry Service for eligibility purposes. Whenever your eligibility to participate in a particular portion of the Plan is determined by the length of your service, you will not be credited with a Year of Entry Service until the last day of the applicable 12-month eligibility computation period during which you are credited with at least 1,000 Hours of Service. Year of Vesting Service A Year of Vesting Service is a period of time used to determine your Vested Interest in one or more of your Accounts. You will be credited with a Year of Vesting Service for each Vesting Service Period during which you are credited with at least 1,000 Hours of Service. The Vesting Service Period is a 12-month period ending on the last day of the Plan Year. Break in Vesting Service You will incur a Break in Vesting Service if you are credited with 500 Hours of Service or less during a Vesting Service Period. Discretionary Contributions How the Contribution Is Determined Discretionary Contributions may be made for each Plan Year in an amount determined by the Employer. They will be allocated as of the last day of the Plan Year. The allocation will be made for each person meeting the requirements described below in the section titled How You Qualify for a Contribution Allocation . How You Become a Participant To become a Participant in the Discretionary Contribution portion of the Plan, (a) you must be an Eligible Employee; (b) you must satisfy the age requirement; (c) you must also satisfy the service requirement; and (d) you must be employed by us, or by an Adopting Employer, on the applicable entry date.
Page 2
Made with FlippingBook - Online catalogs