Month of Participation definition

Month of Participation means each full or partial month during which an employee of the Company or an Affiliated Employer is an Eligible Employee. An Eligible Employee who, during the Plan Year, dies, Retires, incurs a Disability, or is employed by an Affiliated Employer who has not adopted the Plan and who remains an employee of such Affiliated Employer through the Payment Date, will be credited with his or her Months of Participation through the month of death, Retirement, Disability or transfer but not thereafter.
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Month of Participation means the month which includes a Participant's Enrollment Date and each month thereafter, based on the monthly anniversary date of the Participant's date of hire, in which a Participant remains a Participant in the Plan. Months of Participation shall include Months of Participation in:
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Month of Participation means each full or partial month during which an employee of the Company or a Subsidiary is an Eligible Employee. An Eligible Employee who, during the Program Year, dies, Retires, or incurs a Disability will be credited with his or her Months of Participation through the month of death, Retirement, Disability or transfer but not thereafter.
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Examples of Month of Participation in a sentence

  • To determine the average weekly hours or participation for the first month of receipt of WV WORKS in any activity, refer to the “Participation Rate Chart – Prorated for First Month of Participation: on the DFA Intranet site.

  • Gender of staff undertaking the observation must be a consideration.

  • The Employer shall make Employer Matching Contributions to each Participant's Employer Matching Contribution Account equal to 50% of Matched Contributions made by a Participant, beginning with a Participant's first Month of Participation following completion of one Year of Vesting Service; Notwithstanding the above, the Employer may decrease the Employer Matching Contribution allocable to any Participant if such decrease is necessary to ensure that the limitations of Sections 6.2 and 6.5 are satisfied.

  • A Participant shall accrue a Month of Participation Service for each calendar month on or after the date of transfer.

  • The Covered Compensation of a Participant who accrues a Month of Participation Service on or after January 1, 1994, in accordance with this Section 6.03, shall be determined, for purposes of calculating his or her Accrued Benefit, in the normal manner, except as provided below.

  • A Month of Participation is any calendar month in which a Plan Contribution is made on behalf of a Participant.

  • A Month of Participation will be granted hereunder for each calendar month in which a Participant completes at least one (1) Hour of Service, excluding any calendar month prior to the Participant's date of participation.

  • Month of Participation: With respect to a Member, a month during which he contributed to or had Deferred Contributions (or the equivalent thereof) made on his behalf to the Plan or a Prior Plan.

  • No Month of Participation Service shall be credited to a Participant on or after the first day of the calendar month following the date his or her employment status changes from eligible to ineligible and during the period he or she is employed in an ineligible status.

  • In no event may more than one Month of Participation Service, Month of Eligibility Service or Month of Vesting Service accrue in any calendar month for service with a Participating Employer or Non-Participating Employer.


More Definitions of Month of Participation

Month of Participation means the period defined in Section 3.3(b).
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Related to Month of Participation

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.