Past Service means service with an employer from the period commencing on the date a worker is employed by the employer up to the date preceding the date prescribed under section 94;
Past Service has the meaning set forth in Section 6.5(a).
Past Service means service (i) as an employee of Seller or Seller's subsidiaries or parent corporation and (ii) as an employee of predecessor companies prior to the acquisition of the Business by Seller, but only to the extent that such service is continuous through the Closing Date. Purchaser agrees to assume as of the Closing, Seller's liability for accrued vacation and sick pay to the extent reflected on the Closing Balance Sheet.
Examples of Past Service in a sentence
Going forward the Past Service Cost will no longer be converted to a percent of payroll and this cost will be invoiced to the employer as a monthly dollar contribution amount with the option to prepay the annual amount at the beginning of the fiscal year.
In prior years CalPERS converted Past Service Cost to a percent of payroll and expressed the total required employer contribution as a single rate.
Past Service CostsThese arise from decisions taken in the current year, but whose financial effect is derived from years of service earned in earlier years.
Past Service means "optional service" as defined in the OMERS Act including "war service" as also defined in the Act.
No Service prior to the date the Eligible Employee becomes a Participant shall be credited (as Credited Past Service).
More Definitions of Past Service
Past Service means service before a given date or service before entry into the pension scheme;
Past Service means the period of service rendered by an existing member from the date of joining Employees' Family Pension Fund till the 15th November, 1995.
Past Service means a Continuing Employee’s service with the Company or any Subsidiary of the Company to the same extent recognized by the Company and any of its Subsidiaries. Parent shall, or shall cause the Surviving Entity and its Subsidiaries to, take such actions as are necessary to give Continuing Employees credit for their Past Service for purposes of determining the amounts of sick pay, holiday pay and vacation pay they are eligible to receive under any sick pay, holiday pay and vacation pay policies and programs maintained by Parent, the Surviving Entity or any Subsidiary of the Surviving Entity in which they are eligible to participate. With respect to each Continuing Employee who is an active participant in a group health plan (as defined in Section 5000(b) of the Code) (a “Company Health Plan”) immediately prior to the Effective Time, Parent shall, or shall cause the Surviving Entity or its Subsidiaries to, take such actions as are necessary to ensure that the group health plan (other than a flexible spending account arrangement) maintained by Parent, the Surviving Entity or one of its Subsidiaries in which such Continuing Employee is eligible to participate during the calendar year in which the Effective Time occurs (the “Current Year”) shall (i) waive any preexisting condition restrictions and waiting period requirements to the extent that such preexisting condition restrictions and waiting period requirements were waived or satisfied under the applicable Company Health Plan in which such Continuing Employee participated immediately prior to the Effective Time; and (ii) provide credit, for the Current Year, for any copayments or deductible payments made by the Continuing Employee and out of pocket expenditures incurred by the Continuing Employee under the applicable Company Health Plan for the Current Year.
Past Service means a Member’s Service as of the date of his or her commencement of participation in the Plan including Service prior to the Effective Date of this Plan. If a Member was employed by a company acquired by the Company or an Affiliated Employer after the Effective Date, such Member’s service with that company prior to the date of acquisition will not constitute Past Service hereunder unless otherwise approved by the Committee. Upon commencement of participation hereunder in accordance with Section 2.1 hereof, the Committee may limit any Service otherwise to constitute Past Service hereunder with respect to periods prior to the date of participation in the Plan. The foregoing notwithstanding, Past Service shall include the number of additional years (or other additional period) credited as “service” for purposes of Past Service under the Plan to the Member or Vested Former Member under this Plan or under an employment agreement between the Company or an Affiliated Employer and such person in effect at the time of such person’s Separation from Service, or otherwise approved by the Committee.
Past Service means service in the industry prior to the establishment of this Fund on 14 February 1961 during which any member contributed to the Garment Workers' Industrial Union, Natal, Provident Fund, and who has not received any benefits from that Fund;
Past Service means any Credited Service with respect to the period prior to the Effective Date of the Plan.
Past Service means service with the employer from the period commencing from the date the worker is employed by the employer up to the date preceding the date of the commencement of this Act;