Maximum Total Credited Service Clause Samples
The Maximum Total Credited Service clause sets a cap on the total amount of service time that can be recognized or credited for an individual under a plan or agreement. In practice, this means that even if an employee works beyond a certain number of years, only service up to the specified maximum will count toward benefits calculations, such as pension accrual or eligibility for certain rewards. This clause ensures predictability and limits the financial exposure of the organization by preventing unlimited accumulation of credited service time.
Maximum Total Credited Service. The number of years of Total Credited Service which may be used to calculate a benefit is not limited. limited to years for all Participants. limited to Employees: years for the following classes of Eligible Regular All Eligible Regular Employees. Only the following Eligible Regular Employees: . limited to years as an elected or appointed member of the Governing Authority. limited to years as a Municipal Legal Officer. Other (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): .
Maximum Total Credited Service. The number of years of Total Credited Service which may be used to calculate a benefit is: Not limited.
Maximum Total Credited Service. The number of years of Total Credited Service which may be used to calculate a benefit is limited to years for all Participants. limited to years for the following classes of Eligible Regular Employees: All Eligible Regular Employees. limited to years as an elected or appointed member of the Governing Authority. limited to years as a Municipal Legal Officer. Other (must specify): .