Accrued Service definition

Accrued Service shall be calculated based on an employee’s hours paid (excluding overtime), except as modified in this Agreement.
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Accrued Service means the years of service and/or contributions accrued by a Participant toward Vested Rights. Years of service shall be calculated from the effective date of the Pension Bylaws or Rules or the initiation of contributions on behalf of the Employee, whichever occurs later. Service after the Employee reaches age eighteen (18) shall be counted.
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Accrued Service used to calculate your retirement income benefit; and (iii) your "Total Service" for purposes of determining the applicability of any early retirement reduction factor. The crediting of service applies solely for these purposes and is not intended to enhance any other Kodak benefit or compensation.
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Examples of Accrued Service in a sentence

  • Step 8 The eighth step is set at 2.5% above Step 7 after 4 years at Step 7, or at least after 15 years of service with the County according to Days of Accrued Service as reported on the employee’s paycheck; ex.

  • Step 7 The seventh step is set at 5% above Step 6 after accumulation of 36 months at the sixth step, or 72 months of competent service at the fifth step, or at least after 10 years of service with the County according to Days of Accrued Service as reported on the employee’s paycheck; ex.

  • On each Redemption Date that is not also an Interest Payment Date for which the Trustee has received a Redemption Related Payment that includes associated Accrued Service Charges from the Contract Administrator, the Trustee shall pay the same to the Holders of Outstanding Certificates entitled to such Redemption Related Payment and Accrued Service Charges by reason of the redemption of their Certificates in accordance with their relative Percentage Interests of Certificates being redeemed.

  • Step 9 The ninth step is established and set at 2.5% above Step 8, after 5 years at Step 8, or at least after 20 years of service with the County according to Days of Accrued Service as reported on the employee’s paycheck; ex.

  • Accrued Service Credits may be applied to a future purchase or amount owing only.

  • Step 6 The sixth step is set at 5% above Step 5 after accumulation of 36 months at the fifth step Step 7 The seventh step is set at 5% above Step 6 after accumulation of 36 months at the sixth step, or 72 months of competent service at the fifth step, or at least after 10 years of service with the County according to Days of Accrued Service as reported on the employee’s paycheck; ex.

  • Accrued Service Credit points will be reported [monthly/quarterly] in the key performance indicator report and shall be targeted by the Contractor for improvement.

  • If EDS fails to meet the Service Levels for reasons other than the wrongful actions of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ or circumstances that constitute force majeure under Section 13.9, then ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ shall be entitled to receive Accrued Service Credits as defined in Service Schedules.

  • Receipt of Accrued Service Credits, if any, shall be in addition to, and not in lieu of, any other remedies available to ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ under this Agreement or at law or equity.

  • For purposes of this section 2.5, only, the Accrued Benefit shall vest in accordance with the following schedule: <TABLE> <CAPTION> Years of Percentage of Accrued Service Benefit That Is Vested less than 4 0% 4 20% 5 25% 6 30% 7 35% 8 40% 9 45% 10 50% 11 60% 12 70% 13 80% 14 90% 15 100% .


More Definitions of Accrued Service

Accrued Service means the number of years’ service which a member has completed and in the event of the final year of service to 31st May 2013 being incomplete shall include such part of that year as was completed in terms of days. It shall include any additional service purchased by way of additional personal contributions to 31st May 2013 and service transfers made to that date.
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Accrued Service shall be calculated based on an employee’s hours paid (excluding overtime), except as modified in this agreement. NEW “NORTHERN SERVICE” shall be the period of time an employee has been continuously employed in ▇▇▇▇▇▇▇▇, Flin Flon or The Pas.
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Accrued Service means the number of years service which a member has completed and in the event of the final year of service being incomplete shall include such part of that year as was completed in terms of months.
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Related to Accrued Service

  • Compensation Accrued at Termination means the following:

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Accrued Day(s) Off means the paid day(s) off accruing to an employee resulting from an entitlement to the 38 hour week as prescribed in Clause 6. - Hours of this award.