Break in Vesting Service Sample Clauses

Break in Vesting Service. 1 1.06 Code............................................................................................1 1.07 Compensation....................................................................................1 1.08 Custodian.......................................................................................3 1.09 Disability......................................................................................3 1.10
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Break in Vesting Service. 1 1.06 CODE .............................................................. 1 1.07 COMPENSATION ...................................................... 1 1.08 CUSTODIAN ......................................................... 3 1.09 DISABILITY ........................................................ 3 1.10
Sample 1Sample 2See All (6)
Break in Vesting Service. 1 1.06 Code 1 1.07 Compensation 1 1.08 [Intentionally Omitted] 2 1.09 Disability 2 1.10 Early Retirement Age 2 1.11 Earned Income 2 1.12 Effective Date 2 1.13 Eligibility Computation Period 2 1.14 Employee 2 1.15 Employer 2 1.16 Employer Contribution 2 1.17 Employment Commencement Date 2 1.18 Employer Profit Sharing Contribution 2 1.19 Entry Dates 2 1.20 ERISA 2 1.21 Forfeiture 2 1.22 Fund 2 1.23 Highly Compensated Employee 3 1.24 Hours of Service Means 3 1.25 Individual Account 3 1.26 Investment Fund 3 1.27 Key Employee 3 1.28 Leased Employee 3 1.29 Nondeductible Employee Contributions 4 1.30 Normal Retirement Age 4 1.31 Owner Employee 4 1.32 Participant 4 1.33 Plan 4 1.34 Plan Administrator 4 1.35 Plan Year 4 1.36 Prior Plan 4 1.37 Prototype Sponsor 4 1.38 Qualifying Participant 4 1.39 Related Employer 4 1.40 Related Employer Participation Agreement 4 1.41 Self-Employed Individual 4 1.42 Separate Fund 4 1.43 Taxable Wage Base 4 1.44 Termination of Employment 4 1.45 Top-Heavy Plan 4 1.46 Trustee 4 1.47 Valuation Date 4 1.48 Vested 4 1.49 Year Of Eligibility Service 4 1.50 Year Of Vesting Service 4 SECTION 2 ELIGIBILITY AND PARTICIPATION 2.01 Eligibility To Participate 5 2.02 Plan Entry 5 2.03 Transfer To Or From Ineligible Class 5 2.04 Return As A Participant After Break In Eligibility Service 5 2.05 Determinations Under This Section 5 2.06 Terms Of Employment 5 2.07
Sample 1
Break in Vesting Service. Notwithstanding anything to the contrary in this Section 2.3, a former Member who incurs a Severance Date, and who is later re-employed by an Employer as an Employee after incurring a Period of Severance equal to the greater of five (5) or the number of Years of Service the former Member had as of his Severance Date, shall not be receive credit for any Vesting Service earned prior to the Member's Re-Employment Commencement Date for purposes of continuing to vest in any benefits earned prior to the Re-Employment Commencement Date or for vesting in any benefits earned after the Re-Employment Commencement Date.
Sample 1
Break in Vesting Service. If the Employer elects in the Adoption Agreement to determine Years of Vesting Service on the basis of an Employee's number of Hours of Service, a Plan Year during which an Employee does not complete at least 501 Hours of Service. If the Employer elects in the Adoption Agreement to determine Years of Vesting Service on the basis of elapsed time, a 12-consecutive month period during which the Employee does not complete at least one Hour of Service, and which begins (a) on the earlier of (1) the day on which the Employee retires, quits or is discharged, or (2) the first anniversary of the day on which the Employee was otherwise first absent from employment, or (b) on any anniversary of such earlier day in clause (a). However, if the Employee has taken a Maternity or Paternity Absence, clause (a)(2) of the preceding sentence shall be applied by substituting the "second anniversary" for the "first anniversary" therein. If selected in the Adoption Agreement, no Breaks in Vesting Service will be considered under the Plan.
Sample 1
Break in Vesting Service. If Years of Vesting Service have been selected in the Adoption Agreement to be determined on the basis of an Employee's number of Hours of Service, a Plan Year during which an Employee does not complete at least 501 Hours of Service (or any lesser number of Hours of Service selected in the Adoption Agreement). If Years of Vesting Service have been selected in the Adoption Agreement to be determined on the basis of an Employee's working for the Employer for a 12 consecutive month period beginning on his or her employment commencement date with the Employer, a 12-consecutive month period commencing on the date of an Employee's interruption of his or her employment with the Employer during which the Employee does not complete at least 1 Hour of Service. If selected in the Adoption Agreement, no Breaks in Service will be considered under the Plan.
Sample 1
Break in Vesting Service. 1 1.06 Code. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1.07 Compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1.08 Custodian . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1.09 Disability. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1.10
Sample 1
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Related to Break in Vesting Service

  • Break in Service This option may impose a complicated re-entry date for employees who have terminated or whose hours were severely cut back. Option (a) is chosen for administrative convenience.

  • Year of Service VESTING. For purposes of vesting under Section 5.03, Year of Service means any 12-consecutive month period designated in the Employer's Adoption Agreement during which an Employee completes not less than the number of Hours of Service (not exceeding 1,000) specified in the Employer's Adoption Agreement. A Year of Service includes any Year of Service earned prior to the Effective Date of the Plan, except as provided in Section 5.08.

  • BREAK IN SERVICE - PARTICIPATION The Break in Service rule described in Section 2.03(B) of the Plan: (Choose (a) or (b)) [X] (a) Does not apply to the Employer's Plan. [ ] (b) Applies to the Employer's Plan.

  • SUSPENSION OF YEARS OF SERVICE The suspension of Years of Service rule elected under Adoption Agreement Section 2.03 is effective for Plan Years beginning after _____________________.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Cessation of Service The option term specified in Paragraph 2 shall terminate (and this option shall cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable:

  • Years of Service (i) A Participant’s Years of Service shall include all service performed for the Employer and ¨ Shall ¨ Shall Not include service performed for the Related Employer.

  • Termination of Service Termination of Service shall mean the Executive's voluntary resignation of service by the Executive or the Bank's discharge of the Executive without cause, prior to the Early Retirement Date (Subparagraph I [K]).

  • Change in Control Vesting The shares of Common Stock underlying each Tranche of Performance Shares may also vest on an accelerated basis in accordance with the applicable provisions of Paragraph 4 of this Agreement should a Change in Control occur after the start but prior to the completion of the Performance Period applicable to that particular Tranche or the Certification Date. Issuance Date: The shares of Common Stock which actually vest and become issuable pursuant to each Tranche of Performance Shares shall be issued in accordance with the provisions of this Agreement applicable to the particular circumstances under which such vesting occurs.

  • Hours of Service The minimum number of Hours of Service an Employee must complete during a vesting computation period to receive credit for a Year of Service is: (Choose (c) or (d)) [X] (c) 1,000 Hours of Service.

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