Service Break definition
Examples of Service Break in a sentence
In the event a Participant is no longer a member of an eligible class of Employees and becomes ineligible to participate, but has not incurred a Service Break, such Employee will participate immediately upon returning to an eligible class of Employees.
In the case of any Participant who has incurred a one (1) year Service Break, Eligibility Year(s) of Service before such break shall not be taken into account until the Participant has completed an Eligibility Year of Service after returning to employment.
In the case of any Participant who has a one (1) year Service Break, Eligibility Year(s) of Service before such break will not be taken into account until the Employee has completed one (1) Eligibility Year of Service after returning to employment.
If such Participant incurs a Service Break, eligibility to participate will be determined under the rules of Section 1.20 of the Plan.
The Trustee shall pay any premiums which become due on contracts purchased on the life of a Participant who has left the employ of the Employer for reasons other than retirement, death or disability until it can be determined that such Participant has incurred a Service Break or it has been decided to distribute to the terminated Participant his benefit.
If such Participant returns to the employ of the Employer or becomes eligible for benefits pursuant to Articles V, VI or VII, without interruption of employment with the Employer or other business entity, he shall be deemed not to have had a Service Break for such period.
If such Participant returns to the employ of the Employer or becomes eligible for benefits pursuant to Articles VIII or IX, without interruption of employment with the Employer or other business entity, he shall be deemed not to have had a Service Break for such period.
If such Participant incurs a Service Break, eligibility to participate will be determined under the rules of Section 1.24 of the Plan.
Any Service Break, or portion thereof, not taken by Consultant during any calendar year may be carried forward for up to two (2) calendar years.
During the Service Break, the Consultant shall not be required to provide any Services to the Corporation.