Each employee of Brookhaven Science Associates, LLC who was a participant in the plan on December 31, 2001 remained eligible to participate in this plan on January 1, 2002.
In addition, all full-time employees are eligible to participate in the 401(k) plan on the first day of active employment. Employees who work on a part-time, temporary or irregular basis may participate on the earlier of January 1 or July 1 following completion of 1,000 hours of service during the 12 consecutive calendar month period beginning with the first day of active employment (or each successive anniversary thereof).
An hour of service is each hour for which you are entitled to be paid for the performance of duties, or for which you are entitled to be paid for vacation, holiday, illness, incapacity, layoff, jury duty, military duty or leave of absence. No more than 501 hours of service will be credited for any single continuous period during which you perform no duties, except in the case of certain absences due to military service. Service shall include continuous service, if any, with Associated Universities, Inc., Battelle Memorial Institute, Research Foundation of the State University of New York or the State University of New York at Stony Brook immediately prior to a transfer of employment to Brookhaven Science Associates, LLC.
The following individuals are not eligible to participate in the plan: (1) any leased employee, as defined by Internal Revenue Code Section 414(n); (2) any person holding solely a guest or visitor appointment to Brookhaven; (3) any person whose terms of employment are governed by a collective bargaining agreement whose retirement benefits are the subject of good faith bargaining, unless the collective bargaining agreement specifies that such individual is eligible to participate in the plan; or (4) any person designated by the Employer as an independent contractor or who performs services pursuant to a written agreement with a third party.