Eligibility Year definition

Eligibility Year. (s) of Service" shall mean the twelve (12) consecutive month period commencing on an Employee's Employment Commencement Date and anniversaries thereof, during which the Employee completed at least one thousand (1,000) Hours of Service (or such lesser number of Hours of Service specified in the Adoption Agreement). In the case of a Participant who does not have any nonforfeitable right to the Accrued Benefit derived from Employer contributions, Eligibility Years of Service before a period of consecutive one (1) year Service Breaks will not be taken into account in computing Eligibility Years of Service if the number of consecutive one (1) year Service Breaks in such period equals or exceed the greater of five (5) or the aggregate number of eligibility Years of Service. Such aggregate number or Eligibility Years of Service will not include any Eligibility Year of Service disregarded under the preceding sentence by reason of prior Service Breaks. Notwithstanding the above, if the Adoption Agreement provides for full and immediate vesting upon completion of the eligibility requirements and an Employee has incurred a one (1) year Service Break before satisfying the Plan's eligibility requirements, all Eligibility Year(s) of Service before such Service Break will not be taken into account. If the elapsed time method of crediting service is specified in the Adoption Agreement, an Employee shall receive credit for service, except for credit which may be disregarded under this Section or Section 2.3, for the aggregate of all time periods commencing on his Employment Commencement Date or Re-Employment Commencement Date and ending on his Severance from Service Date. An Employee shall also receive credit for any Period of Severance of less than twelve (12) months. Fractional periods of a year shall be expressed in terms of days.

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Eligibility Year. (s) of Service" shall mean the twelve (12) consecutive month period commencing on an Employee's Employment Commencement Date and anniversaries thereof, during which the Employee worked at least one thousand (1,000) Hours of Service (or such lesser number of Hours of Service specified in the Adoption Agreement).

Eligibility Year means an applicable eligibility period (as defined below) in which the Eligible Employee has completed 1,000 Hours of Service for the Employer. For this purpose:

Examples of Eligibility Year in a sentence

• If more than 1 Eligibility Year of Service is required, Participants must be 100% immediately vested.

• For Employer Discretionary Contributions, in order to be credited with an Eligibility Year of Service, an Employee shall complete [....] (not to exceed 1,000) Hours of Service.

• Such Eligibility Year of Service shall be measured by the twelve (12) consecutive month period beginning on the Employee's Reemployment Commencement Date and, if necessary, subsequent twelve (12) consecutive month periods beginning on anniversaries of the Re-Employment Commencement Date.

• If a former Participant completes an Eligibility Year of Service in accordance with this provision, such Participant's participation will be reinstated as of the Re-Employment Commencement Date.

• Such Eligibility Year of Service will be measured by the twelve (12) consecutive month period beginning on the Employee's Re-Employment Commencement Date and, if necessary, subsequent twelve (12) consecutive month periods beginning on anniversaries of the Re-Employment Commencement Date.

More Definitions of Eligibility Year

Eligibility Year means 365 days of Eligibility Service (whether or not continuous).

Eligibility Year means a credit awarded as follows, subject to Article VI:

Eligibility Year means with respect to a Date of Grant the most recently ended fiscal year of the Company.

Eligibility Year means an applicable eligibility period (as defined below) in which the Employee has completed 1,000 hours of service or has worked at least 500 hours during three consecutive 12-month periods beginning on January 1, 2021. For this purpose, an Eligible Employee’s first “eligibility period” is the 12-consecutive month period beginning on the first day on which the Participant has completed an Hour of Service; and his or her subsequent eligibility periods will be 12-consecutive month periods beginning on each January 1 after the first day of service.

Eligibility Year means a unit of service credited to an Employee pursuant to section 3.2 for purposes of determining his eligibility to become a Participant.

Eligibility Year means the Contract Year in which an Employee earns vacation and holiday benefits hereunder.

Eligibility Year means a Computation Period during which an Employee completes at least 1,000 Hours of Service.