For other persons Sample Clauses

For other persons. In the case of a re-employed employee who was not a participant in the Plan during his prior period of employment, or in the case of a participant who was not vested when his prior period of employment terminated, any service attributable to his prior period of employment shall be restored unless the number of one (1) year breaks in service equals or exceeds the greater of five (5) consecutive years of service, or the aggregate number of years of service earned before the consecutive breaks in service.
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For other persons. In the case of a re-employed employee who was not a participant in the Plan during his prior period of employment, or in the case of a participant who was not vested when his prior period of employment terminated, any service attributable to his prior period of employment shall be restored only if the number of consecutive years of his break in service was less than the aggregate number of his years of prebreak service. Upon the re-employment by the Company of any person who has been terminated on or after January 1, 1985, the following rules shall apply in determining his participation and vesting in the Plan:
Sample 1Sample 2
For other persons. In the case of a re-employed employee who was not a participant in the Plan during his prior period of employment, or in the case of a participant who was not vested when his prior period of employment terminated, any service attributable to his prior period of employment shall be restored only if the number of consecutive years of his break in service was less than the aggregate number of his years of prebreak service. Upon the re-employment by the Company of any person who has been terminated on or after January 1, 1985, the following rules shall apply in determining his participation and vesting in the Plan: (a) Participation - before a five (5) year break in service: If the employee is rehired before the number of one (1) year breaks in service equals or exceeds the greater of five (5) consecutive years of service, or the aggregate number of years of service earned before the consecutive breaks in service, he shall be eligible to participate in the Plan on the first (1st) business day of the month immediately following the date of his re-employment if he shall be otherwise qualified. This rule of parity will apply to employees who had no vested interest on separation of employment. After a five (5) year break in service: If an employee is re-hired and he does not qualify for participation or vesting under the rule in the above Paragraph, he shall be eligible to participate in the Plan upon his com- pletion of the requirements set forth in Paragraph 2.1 herein.
Sample 1

Related to For other persons

  • Other Persons Except as specifically provided in Section 7.3, the provisions of this Section 7 are for the benefit of the Indemnitees only, and shall not be deemed to create any rights for the benefit of any other person or entity.

  • Communications by Holders with Other Holders Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Issuer, the Guarantors, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c).

  • Investments in Other Persons Make or hold, or permit any of its Subsidiaries to make or hold, any Investment in any Person, except:

  • Communication by the Holders with Other Holders The Holders may communicate pursuant to Section 312(b) of the TIA with other Holders with respect to their rights under this Indenture or the Securities. The Issuers, the Trustee, the Registrar and other Persons shall have the protection of Section 312(c) of the TIA.

  • Leave for Other Reasons At the discretion of the Employer, special leave with pay may be granted:

  • TRANSACTIONS WITH OTHER INVESTMENT ADVISERS The Advisor is not an affiliated person of any investment adviser responsible for providing advice with respect to any other series of the Trust, or of any promoter, underwriter, officer, director, member of an advisory board or employee of any other series of the Trust. The Advisor shall not consult with the investment adviser of any other series of the Trust concerning transactions for the Fund or any other series of the Trust.

  • Persons Affected by Alcohol and/or Other Drugs 3.1 A person who is under the influence of alcohol and/or any other drug will not be allowed to work on a building site whilst he/she is incapable of performing safe work practices.

  • Agents In the administration of this Agreement, the Plan Administrator may employ agents and delegate to them such administrative duties as it sees fit, (including acting through a duly appointed representative), and may from time to time consult with counsel who may be counsel to the Bank.

  • Communication by Holders with Other Holders Holders may communicate pursuant to TIA Section 312(b) with other Holders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c).

  • Other Business Activities of the Holders Each Holder acknowledges that the other Holders may make loans or otherwise extend credit to, and generally engage in any kind of business with, any Borrower Party Affiliate, and receive payments on such other loans or extensions of credit to any Borrower Party Affiliate and otherwise act with respect thereto freely and without accountability, but only if none of the foregoing violate the Mortgage Loan Documents, in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

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