Future Service definition
Future Service means the number of years (rounded up to the nearest year) an Employee is a Member, beginning with the date on which an Employee becomes a Member and ending no later than the Member's Normal Retirement Age.
Future Service means your years of Service which are earned on or after April 1, 1968* as set forth below:
Future Service. This is the service in respect of a Member for the period from the Annual Renewal Date until he or she attains the Normal Retirement Age (NRA).
Examples of Future Service in a sentence
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Agreement The Authority Statement of Requirements The Contractor Solution This Form of Agreement (excluding Section 2.3 Special Terms) This Future Service Contract (“FSC”) when approved will form a Future Services Contract (Form of Agreement) between the Skills Funding Agency (“the Authority”) and Capgemini UK plc (the “Contractor”).
The accrued benefit will be $43.00 per month for each year of Credited Future Service earned on or after January 1, 1991.
Employees who are eligible participants for less than a full calendar year shall earn a fraction of a year of Credited Future Service equal to the ratio (not to exceed one) of the number of compensated hours while an eligible participant of the Plan during the year to 1,710.
Notwithstanding the above, an employee who retires or dies on or after January 1, 2002 will be eligible for the accrued benefit of $43.00 per month for each year of Credited Future Service between January 1, 1991 and the date of retirement and death.
More Definitions of Future Service
Future Service. Future Service" shall mean each Year of Participation by an Active Participant prior to his Normal Retirement Date.
Future Service with which the employee is credited as of the Closing, his accrued benefit, and his annual rate of retirement annuity which is accrued as of the Closing under the greater of the career average pay formula or the final average pay formula, in each case determined in accordance with the provisions of the Cyanamid Retirement Plan in effect as of the Closing, and his current rate of compensation. Seller also shall deliver to Buyer within ninety (90) days following the Closing Date all personnel, benefit and other employment records respecting the Transferred Employees, the most current summary plan description for each of the Benefit Plans, and records of all actuarial assumptions used to determine equivalence under the Cyanamid Retirement Plan as of the Closing. Seller shall be responsible for and shall indemnify and hold Buyer harmless from and against all liabilities and obliga- tions of any kind in connection with the provision of retiree medical benefits to employees who have retired or who are eligi- ble for retiree medical benefits under the Seller's medical plan as of the Closing Date, regardless of whether such employees actually retire from employment prior to the Closing Date. Seller shall be responsible for and shall indemnify and hold Buyer harmless from and against all claims of the Trans- ferred Employees for worker's compensation, unemployment compen- sation and other government mandated benefits, and for weekly indemnity, life, pension, profit sharing, hospital/medical /surgical, disability, major medical, dental and other welfare benefits which arise by reason of events that occur prior to the Closing and are payable under the terms and conditions of any existing benefit program or plan maintained by Seller for the Transferred Employees. Buyer shall be responsible for and indemnify and hold Seller harmless from and against all claims for such benefits which arise by reason of events that occur after the Closing and which are payable under the terms and conditions of any benefit program which in similar to a plan or program described in the preceding sentence and which is adopted or maintained by Buyer for the Transferred Employees, whether through assumption of the existing collective bargaining agree- ment or otherwise. Anything in this subsection 12.3 to the contrary notwithstanding, any amount payable in respect of any claim which is determined by a final decision of a court of competent jurisdiction or of a duly constituted arbitral tribu...
Future Service means an Employee’s service with the Company after December 3l, l969 as determined in accordance with paragraph (3) of Section 13 hereof.
Future Service or “Future Service Credit” means Credited Service based on Hours of Service in Covered Employment for which contributions are required to be paid to the Pension Fund.
Future Service the services described as such in schedule 2.1 (Services Description) which are to be provided by the Contractor if requested by the Authority in accordance with clause 9.7 (Additional/Future Services); "Future Services Implementation Plan"
Future Service means any service requested by Client outside the scope of the Services. (m) "Including" means including but not limited to. (n) "Integrated System" means the combination of the Equipment, Systems and PSC Work Product that is used by ▇▇▇▇▇ Systems to perform the Services. (o) "Key Staff" means the persons primarily responsible for provision and management of the Services and Equipment, details of whom are set out in Schedule J. (p) "Losses" means all losses, liabilities, damages and claims, and all costs and expenses relating to such losses, liabilities, damages and claims (including attorneys' fees and costs of investigation, litigation, settlement, judgment, and interest). (q) "Millennium Compliance" means software which lacks any so called Millennium Year 2000 bug. (r) "Performance Standards" means the minimum grade of service requirements, congestion level requirements, or availability standards for each Service: (1) as set out in this Agreement, including Schedule C; or (2) where relevant, as set out in any particular Service Level Agreement. (s) "Personnel" means: (1) any director or employee of ▇▇▇▇▇ Systems;
Future Service means Covered Employment described in section B of article VI.