Service with Related Companies Sample Clauses

Service with Related Companies. For purposes of determining whether a Separation from Service has occurred under the above provisions, the “Company” shall include the Company and all Related Companies. “Related Company” means: (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section 414(c) with the Company. For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level.
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Service with Related Companies. For purposes of determining whether a Separation from Service has occurred under the above provisions, the “Company” shall include the Company and all Related Companies.
Service with Related Companies. Where, over a continuous period, an employee has been employed by two or more companies each of which is a related company within the meaning of Sections 46-50 of the Corporations Law the employee is entitled to long service leave as if he/she had, during the whole of the period of service, been employed by the company by which he/she is employed at the date at which his/her long service leave entitlement accrues. Provided that an employee shall not be entitled to leave or payment in lieu thereof more than once in respect of any period of service.
Service with Related Companies. Where, over a continuous period, an employee has been employed by two or more companies each of which is a related company within the meaning of that term as defined by section 6 of the Victorian Companies Act 1961 and the Corporations Act Commonwealth 2001 the employee is entitled to long service leave as if he/she had, during the whole of the period of service, been employed by the company by which he/she is employed at the date at which his/her long service leave entitlement accrues. Provided that an employee shall not be entitled to leave or payment in lieu thereof more than once in respect of any period of service.
Service with Related Companies. (a) Where over a continuous period an employee has been employed by another company in the Fairfax group and then by the Company, service with that other company will be recognised as service with the Company.
Service with Related Companies. As used in connection with the definition ofSeparation from Service,” the Company includes the Company and any other entity that with the Company constitutes a controlled group of corporations (as defined in Code Section 414(b)), or a group of trades or businesses (whether or not incorporated) under common control (as defined in Code Section 414(c)), substituting 25% for the 80% ownership level for purposes of both Code Sections 414(b) and 414(c).
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