The invention is directed to a clock module and method for distributing a time reference to at least one clock in a packet-switched network. The clock module includes a slave port, a master port and a local clock. The method comprises the steps of receiving a first synchronization packet at the slave port, the first synchronization packet comprising a first master clock timestamp and generating at least one internal signal comprising the first master clock timestamp. The method also includes the steps of transmitting the at least one internal signal to the master port and receiving the at least one internal signal at the master port. Then a method includes determining the internal propagation time of the signal through the clock module and generating a second synchronization packet at the master port comprising a second master clock timestamp, the second master clock timestamp comprising the sum of the first master clock timestamp and the internal propagation time. Finally, the second synchronization packet is sent to at least one other clock in the packet-switched network.