Credited. Credited flight time means the time which is accumulated toward a Flight Attendant’s monthly credited flight time maximum as described in Section 6. Credited flight time may be more than but cannot be less than actual flight time.
Credited service and seniority accumulated as a full-time employee may be used for the purpose of calculation of vacation entitlement, vacation signing, application for postings within the Service and lay off-recall. Vacation entitlement shall be calculated in accordance with Article 5.
Credited. Interest is credited on or before the last Business Day of the quarter and at maturity. If the term is one year or less, interest may be deferred by being paid at maturity only. If term is greater than one year, interest must be paid at least annually (December 31) and at maturity. Interest credited and available may be withdrawn anytime without penalty within the current term. Minimum Balance: $1,000 ($500 for minor accounts) is required to open and maintain the account. If the account balance falls below the minimum, it may be closed and be subject to an early withdrawal penalty. Initial Deposit or Additions: Deposits to establish the account or additions to the account during the grace period are credited subject to final collection. We do not accept Credit Card checks. No additions are allowed during the term unless the account is an IRA, SEP-IRA, ESA, or Xxxxx Plan. Renewal: The Certificate will automatically renew at the current Fixed Rate Fixed Term Certificate rate offered for the renewal term specified on the maturing Certificate. Any accumulated interest becomes principal upon renewal and will be subject to penalty if withdrawn during the new term. We will give you 30 days’ notice if the account will not be renewed, in which event, at maturity, the account will begin earning at the then current passbook savings rate and computation method. Early Withdrawal Penalty for Certificates of Deposit We impose a penalty for withdrawal of funds prior to maturity. The penalty is calculated using the same rate and computation as disclosed on the Certificate of Deposit. The amount of the penalty depends on the term of this account at its issue date or the most recent renewal, as follows: Term Interest Penalty 1 year or less 90 days Interest Exceeds 1 year, up to 4 years 180 days Interest 4 years or more 365 days interest The full penalty will be charged regardless of the amount of time the funds actually have been on deposit. We will not impose a penalty to close or transfer the entire balance of the Certificate in the event of death or declaration of incompetency of any account holder.
Credited. Service - is the aggregate of years, months and days of active employment recognized by the Company subject to the provisions of this contract.
Credited days off shall be taken at a time agreed by the employee and Council or in conjunction with their annual leave.
Credited. Accrued interest is credited on or before the last Business Day of the quarter and on the calendar day prior to the maturity date. If the term is one year or less, interest may be deferred by being paid on the calendar day prior to maturity only. If the term is greater than one year, interest must be paid at least annually (December 31) and at maturity. Interest credited and available may be withdrawn anytime without penalty within the current term but if you withdraw interest prior to the maturity date you may not earn the disclosed APY. Minimum Balance: $1,000 ($500 for minor Accounts) is required to open and maintain the Account. If the Account balance falls below the minimum, it may be closed and be subject to an early withdrawal penalty. Initial Deposit or Additions: Deposits to establish the Account or additions to the Account during the Grace Period are credited subject to final collection. We do not accept credit card checks. We do not allow additions during the term unless the Account is held in an IRA, SEP-IRA, ESA, or Xxxxx Plan.
Credited. Subject to the provisions of this Agreement, credited service will mean accumulated service after February with Maple Leaf Meats Inc., Ontario Distribution Centre, Harvester Road, Burlington, Ontario.
Credited. Accrued interest is credited on or before the last Calendar Day of the quarter and on the calendar day prior to the maturity date. If the term is one year or less, interest may be deferred by being paid on the calendar day prior to maturity
Credited. An employee's credited service shall mean the period of time dating from an employee's company service date in effect as of June as established by prior rules and policies, or as thereafter adjusted or determined by the service credit rules and other applicable provisions of the Collective Agreement dated June but no credited service shall be accumulated while s/he was on Disability Retirement under this Plan or any other Pension Plan of the Company. An employee granted a leave of absence or extension of same under the last paragraph of Clause of the Collective Agreement of June between the Union and the Company or any leave of absence or extension granted under subsequent Collective Agreements between the Union and the Company shall, while on such approved leave or extension thereto, accumulate credited service for the purpose of determining eligibility for retirement. The additional service thus accumulated will be excluded from the computation of credited service for calculation of pension. While on a Company approved leave of absence for sickness or injury, where such sickness or injury, as certified in writing by a qualified medical practitioner as defined herein, prevents the employee from performing the duties of the employment in which employee was engaged before the commencement of the leave of absence for such sickness or injury, an employee without returning to active service, accumulate a maximum of one year additional credited service for the period from the last day of active employment. Such additional credited service will be used in the determina- tion of eligibility for retirement and in the computation of credited service for calculation of pension. Credited service is to be computed to completed months for a fractional year. The records of the Company shall be presumed to be conclusive of the facts concerning the credited service, employment, non-employment, or disability retirement of any employee, a former employee, or applicant for a pension, unless shown beyond a reasonable doubt to be incor- rect. An applicant for pension or shall prove his/her age by evidence satisfactory to the company.
Credited service shall not include time for which the employee is laid off or is on leave of absence for personal reasons.
