Credit Service Sample Clauses

Credit Service. Executive’s past years of service with Cytyc Corporation shall be credited when determining his years of service under any and all Cytyc (or any applicable Hologic) benefit and retirement plans. Upon commencement of Executive’s employment with the Company, he will be eligible to participate in all of the Company’s benefits, pension plans and perquisites commensurate with that of other executives on his level. Based on Executive’s prior years of service with Cytyc Corporation, Executive will be automatically vested in the retirement plan at the time he commences employment with the Company.
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Credit Service. The Bank shall transfer the funds to the designated Account immediately after the incoming payments are credited to the Payer ID numbers. 입금서비스: 은행이 이용자의 Payer ID 번호로 입금된 자금을 이용자가 지정한 계좌에 당일 중에 이체하는 거래. 제 3 조 (Designation of the Accounts 계좌의 지정)
Credit Service. Amend Article of Pension Plan credited service to provide that credited service shall include all time spent in receipt of sickness and accident benefits up to forty (40) hours per week and up to one thousand and seven hundred (1,700) hours in a year, provided the employee has compensated hours in that year of at least one hundred and seventy 70) hours. Credited service shall include all time spent in re- ceipt of benefits a compensable injury (not ex- ceeding forty (40) hours per week and up to one thousand and seven hundred (1 700) hours in a year, until the employee receives an (non economic loss) benefit. However, the maximum amount of such credited service will not exceed two (2) years. TRANSITIONAL SURVIVOR BENEFITS in the event of the death of an employee who is on the seniority list and who is vested, his surviving spouse shall receive sixty-five percent (65%) of the employee’s accrued pension benefit at the time of death, assuming his retirement at age fifty-five payable when said employee would have reached the age of fifty-five (55). In the event of the death of an active employee with ten (IO) or more years of seniority, the spouse and eligible dependents will be covered by all benefits as set out in Article of the Collective Agree- ment until the spouse remarries or no longer re- quires the coverage, whichever is earlier. Said spouse and dependents will be required to verify their entitlement to receive these benefits at least once per year.
Credit Service. Where the term "past credited service" is used in this document, it shall mean the total elapsed time for which an employee was covered under the Pension Plan for which contributions have been make and were not refunded up to and including December 31, 1974. Except to calculate years of credited service for the purposes of paragraph 8 and 9 of this Pension Plan, when the term "future credited service" is used in this document, it shall mean service during the period from on and after January 1, 1975 up to and including June 30, 1987, by an employee who has become eligible as defined in Section 3 above. In calculating years of credited service for the purposes of paragraph 8 and 9 of this plan, future credited service will be recognized on and after July 1, 1987, provided the cost of the additional benefits related to recognition of future credited service on and after July, 1987 is not prohibitively expensive. If the cost is prohibitively expensive, the Employer will meet with the Union to discuss this aspect of paragraphs 8 and 9 of the plan. Future credited service shall be computed for each calendar year on the basis of on-tenth (1/10) of a year's credited service for each one hundred and eighty (180) hours actually worked on for which wages have been paid. It is understood that wages shall mean actual earnings for work performed and vacation pay, payment for any leave of absence such as, for example, jury duty, bereavement pay, payment for statutory holidays, call-in pay and any period for which an employee is absent from work and in receipt of Workers' Compensation or Weekly Indemnity payments, Earned credits in any calendar year shall in no case exceed on (1) year of credited service and shall be calculated to the nearest one-tenth (1/10) year of credited service. Employees who are or become totally or permanently disabled and qualify for benefits under the insured Long Term Disability Plan shall continue to accrue future credited service and pension credits at the rate of pension accrual in effect at the commencement of Long Term Disability payments with service computed as outlined in the previous paragraph. Such credits shall continue and Long Term Disability payments will only be made until he recovers, dies, or attains his normal retirement date and retires under the Plan.
Credit Service. Amend Article of service to provide that include all time spent and accident week and up to one (1,700) hours in a year, provided the has compensated that hundred and seventy Credited service in receipt of benefits from a compensable injury (not economic loss) benefit However. the maximum of such will not SURVIVOR Io the event of of an who is on the seniority list and who is his surviving spouse shall receive sixty-five percent (65%) of the employe's accrued pension benefit at the time of death, his retirement at age fifty-five payable when said employee would have reached the age of fifty-five In the of the death of an active with (10) or of seniority. the spouse and eligible dependents be by drug benefits as set Out in of the Agreement until the spouse or no longer the whichever is earlier. Spouse and eligible dependents will be covered by dental set out in until spouse or no longer requires to a of years from the date of death. Said spouse and dependents will be to verify their entitlement to receive these benefits at once per year.
Credit Service. Amend Article of Pension Plan credited service to provide that credited service shall include all time spent in receipt of sickness and accident benefits up to forty (40) hours per week, and up to one thousand and seven hundred (1,700) hours in a year provided the employee has compensated hours in that year of at least one hundred and seventy (170) hours. TRANSITIONAL SURVIVOR BENEFITS In the event of the death of an employee, who is on the seniority list and who is vested, his surviving spouse shall receive percent (65%) of the employees accrued pension benefit at the time of death, assum- ing his retirement at age payable when said employee would have reached the age of (55). In the event of the death of an active employ- ee with ten (10) or more years of seniority, the spouse and eligible dependents will be covered by all benefits as set out in Article of the Collective Agreement until the spouse remarries or no longer requires the coverage, whichever is earlier. Said spouse and dependents will be required to verify their entitlement to receive these benefits at least once per year.
Credit Service. Amend Article of Pension Plan credited service to provide that credited service shall include all time spent in receipt of sickness and accident benefits up to forty (40) per week and up to one thousand and seven hundred (1,700) hours in a year, provided the employee has compensated hours in that year of at least one hundred and seventy (170) hours. Credited service shall include all time spent in receipt of benefits from a compensable injury (not exceeding forty hours per week and up to one thousand and seven hundred (1700) hours in a year, until the employee receives an (non economic loss) benefit. However, the maxi- mum amount of such credited service will not exceed two (2) years. TRANSITIONAL SURVIVOR BENEFITS In the event of the death of an employee who is on the seniority list and who is vested, his surviv- ing spouse shall receive percent of the employee’s accrued pension benefit at the time of death, assuming his retirement at age fifty-five payable when said employee would have reached the age of fifty-five (55). In the event of the death an active employee with ten or more years of seniority, the spouse and eligible dependents will he covered by all benefits as set out in Article of the Collective Agreement until the spouse or no longer requires the coverage, whichever is earlier. Said spouse and dependents will be required to verify their entitlement to receive these benefits at least once per year.
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Credit Service. For employees transferring from part‐time to full‐time status, the new employee waiting period should apply: □ Retroactive to the original date of hire or □ Beginning on the date transferred to full‐time status Do you wish to include non‐state registered domestic partners for coverage? □ Yes □ No Group Insurance Trust Monthly Premium Payments: Detailed monthly billing statements for the next month’s premium are sent out to all companies before the end of each month. The Trust’s “Contractual” PAYMENT DUE DATE is the first day of the billed month. In order to maintain CURRENT ELIGIBILITY for employees, full payment must be received by the Trust on or before the 1st day of the billed month. A company’s eligibility for the month will be DELINQUENT if full payment is not received by the 1st. DELINQUENT ELIGIBILITY STATUS results in claim payment delays, and other difficulties involving employees, their providers and carriers. If full payment for the month is not received within 30 days of the PAYMENT DUE DATE, company will be RETROACTIVELY CANCELLED back to the last day of the month in which full monthly payment was received. Partial payments will be refunded. Payments returned to EPK & Associates (non‐sufficient funds, stop payments etc) must be replaced with guaranteed funds, ie cash, money order or cashier’s check, before the expiration of the 30 day grace period. A $20 fee will be assessed on all returned drafts.

Related to Credit Service

  • Transit Service is the delivery of certain traffic between Carrier and a third party ILEC, CLEC or CMRS provider by Frontier over a separate trunk group between Carrier and Frontier where appropriate trunks exist between Carrier and third party through Frontier’s tandem. The following traffic types will be delivered: (I) Local Traffic originated from Carrier to such third-party and (ii) Local Traffic originated from such third-party to Frontier’s tandem and terminated to Carrier.

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • Service Credit With respect to benefits accruing during the CBA Term, Buyer shall recognize and apply each Transferred Employee’s prior service with Seller toward any eligibility and vesting under the Employee Benefits Plans and other compensation arrangements of Buyer and, in the case of Represented Transferred Employees, any other plans established to provide benefits described in the Generation CBA and in the case of Non- Represented Transferred Employees in Seller’s policies or plans, if any, that may become applicable to Non-Represented Transferred Employees. Buyer shall vest each Transferred Employee under the Employee Benefits Plans of Buyer to the extent such employee is vested under the Employee Benefits Plans of Seller (or its applicable Affiliates) immediately prior to the Closing, provided that all vacation, personal and sick days accrued by each Transferred Employee under the plans, policies, programs and arrangements of Seller (or its applicable Affiliates) immediately prior to the Closing shall not be a cost to Buyer, but shall be paid as provided in Section 5.8(f). Buyer shall waive all limitations with respect to preexisting conditions, exclusions based on health status and waiting periods with respect to participation and coverage requirements under Buyer’s health and welfare plans. Except as provided in this Section 5.8(d), Seller shall be solely responsible for all Liabilities including any applicable termination pay, severance pay, accrued wages or salary, accrued bonus and/or incentive pay (whether or not such bonus or incentive compensation is subject to any continued service requirement), accrued vacation and sick time, as well as any other benefits, created or owing as a consequence of the employment on or before the Closing Date of any Transferred Employee, or the cessation of any Scheduled Employee’s employment on or before the Closing Date, including

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the “Facility No. 1 Commitment”) is Twenty Million and 00/100 Dollars ($20,000,000.00).

  • Credit The Credit awarded in section 2 of this Agreement will be allocated to Taxpayer by taxable year as set forth in Exhibit A, provided that Taxpayer achieves the Milestones associated with the applicable taxable year, which includes all investments agreed to in the prior years, as set forth in Exhibit A. Taxpayer acknowledges and agrees that, an allocated portion of the Credit is earned by Taxpayer in the taxable year when the Milestones associated with that allocated portion of the Credit are achieved and to avoid recapture, Taxpayer must maintain such Milestones for three (3) subsequent taxable years. All required Milestones identified on a taxable year basis in Exhibit A, must be met in order to earn the allocated portion of the Credit. In the event Taxpayer satisfies the taxable year Milestones in an earlier taxable year than described in Exhibit A (no earlier than taxable year 2017), upon written approval from GO-Biz, Taxpayer may claim the allocated portion of the Credit in the 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000 earlier taxable year when the Milestones are achieved. If Taxpayer satisfied certain taxable year Milestones in an earlier taxable year than described in Exhibit A (no earlier than taxable year 2017), and received written approval from GO-Biz to claim the Credit in the earlier taxable year, then Taxpayer need only maintain such Milestone for three (3) subsequent taxable years to avoid recapture as further described in Section 10. In the event that Taxpayer fails to satisfy each Milestone identified in Exhibit A in the taxable year associated with those Milestones including all Investments agreed to in the prior years, no portion of the Credit will be considered earned in that taxable year, but GO-Biz will not unreasonably deny the Credit to Taxpayer for immaterial variances from the Milestones. In determining whether Taxpayer satisfies each Investment Milestone, Taxpayer may include the aggregate amount of Investment made in prior taxable years (beginning with taxable year 2017) that was in excess of the cumulative Investment Milestones for such taxable years. Any allocated portion of the Credit associated with a specific taxable year in Exhibit A, which is not earned in that year due to failure to achieve the Milestones associated with that taxable year will be earned in the taxable year in which the Milestones are met, but in no event later than the last taxable year identified in Exhibit A.

  • Credit for Service Purchaser shall cause each benefit plan, severance plan and time-off program maintained, sponsored, adopted or contributed to by Purchaser or its Affiliates in which Transferred Employees are eligible to participate (collectively, the “Purchaser Benefit Plans”), to take into account for all purposes under Purchaser Benefit Plans (but not for purposes of defined benefit pension accruals under any defined benefit plan) the service of such employees with Seller or its Affiliates prior to the Transfer Date to the same extent as such service was credited for the applicable purpose by Seller or the applicable Affiliate. In addition, Purchaser shall cause each Transferred Employee to be immediately eligible to participate, without any waiting time, in any and all Purchaser Benefit Plans.

  • Revolving Line of Credit (a) On the Closing Date, Lender agrees to open a Revolving Line of Credit in favor of Borrower in the maximum aggregate principal amount of Ten Million Dollars ($10,000,000), reducing to Five Million Dollars ($5,000,000), effective on December 31, 1997. Subject to the fulfillment of the conditions precedent set forth in Sections 13.1 and 13.3 hereof, during the period commencing on the Closing Date and ending on the earliest to occur of (i) the Termination Date and (ii) the date of -------- termination of the Revolving Line of Credit pursuant to Section 2.6 or Section 11 below, Borrower may borrow and repay and reborrow up to a maximum aggregate principal amount of the Revolving Line of Credit; provided, however, that (A) ----------------- each Revolving Advance must be in the amount of One Hundred Thousand Dollars ($100,000) or an integral multiple thereof, (B) Revolving Advances will be made by Lender to Borrower only on the first and the fifteenth of each calendar month (or, in each instance, the next succeeding Business Day, as the case may be), (C) any Revolving Advances constituting LIBOR Rate Borrowings must be obtained and paid in accordance with Section 2.4 below, and (D) repayments of Revolving Advances shall be made in accordance with Section 2.6(a) below; and, provided, --------- further, that at no time shall the aggregate principal amount outstanding under ------- the Revolving Line of Credit exceed the Margin (such requirement being referred to herein as the "MARGIN REQUIREMENT"). If at any time hereafter the Margin ------------------ Requirement is not satisfied, Borrower agrees to repay immediately the then principal balance of the Revolving Note by that amount necessary to satisfy the Margin Requirement.

  • Prior Service Credit A unit employee who has had a break in service shall be credited with prior periods of full-time state employment for leave accrual purposes if that employee's current period of full-time state employment has been three (3) or more continuous years in duration. Only prior periods of full-time state employment of two (2) or more consecutive years in duration shall be eligible for crediting.

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