VESTING PROVISIONS 58. Designation of vesting computation period

Statement of Requirement: Code §I RC 411(a)(5)(A); DOL Reg. § 2530.200b-1

Document Provision: _____

Sample Plan Language:

Provision #1

For purposes of computing an employee’s nonforfeitable right to the accrued benefit derived from employer contributions, years of service and breaks in service shall be measured by reference to the plan year.

Provision #2

For purposes of computing an employee’s nonforfeitable right to the accrued benefit derived from employer contributions, years of service and breaks in service shall be measured by reference to the 12-month period commencing on the date the employee first performs an hour of service and each subsequent 12-month period will commence on the anniversary of such date.