PSC Employee definition

PSC Employee means any current or former employee, officer, director, independent contractor, or service provider of PSC or any of its subsidiaries;
View Source

Examples of PSC Employee in a sentence

  • If the Transferred PSC Employee is a Covered Employee on the NBSI Employment Date and has satisfied the eligibility requirements of Section 3.2(c) of the Plan by then, the Transferred PSC Employee shall become a Participant on the NBSI Employment Date.

  • For purposes of determining the Vesting Service of a Participant who is a Transferred PSC Employee, the person's Vesting Service shall be determined under the applicable provisions of the Plan other than this Section 16.17, except that the person shall be credited (without duplication) with Months of Service for the person's employment with PSC determined as if PSC had been a Participating Employer in the Plan.

  • Following separation from Service of a Transferred PSC Employee who has any Former PSC Plan Accounts, Distributions from the Transferred PSC Employee's Accounts (including Accounts that are not Former PSC Plan Accounts) shall be made either (i) when and as provided in Section 7.3 and 7.4 of the Plan or (ii) if the total Vested interest in the Transferred PSC Employee's Accounts at the time of Distribution exceeds three thousand five hundred dollars ($3,500), as provided in Article XVIII of the Plan.

  • If the Transferred PSC Employee does not become a Participant on the NBSI Employment Date as provided immediately above, the Transferred PSC Employee shall become a Participant when and as provided in Section 3.2(c) of the Plan.

  • While a Transferred PSC Employee is in Service, Distributions to the Transferred PSC Employee from the Transferred PSC Employee's Former PSC Plan Accounts shall be determined, to the extent required by the Act and the Code, as if the PSC Plan had remained in effect.

  • For purposes of Section 3.2(c), the Transferred PSC Employee's Periods of Service and Qualifying Periods of Severance shall include the following: the Transferred PSC Employee shall be credited with Months of Service for time prior to the Transferred PSC Employee's NBSI Employment Date determined as if PSC had been a Participating Employer in the Plan.