Examples of Predecessor Employer in a sentence
Predecessor Employer also means, with respect to a Participant, a former entity that antedates the Employer if, under the facts and circumstances, the Employer constitutes a continuation of all or a portion of the trade or business of the former entity.
In determining whether you satisfy the minimum service requirements to participate under the Plan, all service you perform for the Employer will generally be counted.Service with Predecessor Employer - additional provisions The above option will apply to all Employees, except for Physical Plant and Secretarial/Clerical Collective Bargaining unit Employees.
Thus, if you return to employment after incurring five 1-Year Breaks in Service, you will be treated as a new employee (with no service) for purposes of determining your vested percentage under the Plan.Service with Predecessor Employer.
Year of Service means, for purposes of the definition of Maximum Permissible Benefit, one year (computed to fractional parts of a year) for each Plan Year for which the Participant is credited with Continuous Service for benefit accrual purposes, taking into account only service with the Employer or a Predecessor Employer.
If the Participant is, or has ever been, a participant in another qualified defined benefit plan (without regard to whether the plan has been terminated) maintained by the Employer or a Predecessor Employer, the sum of the Participant’s Annual Benefits from all such plans may not exceed the Maximum Permissible Benefit.