Service Years definition

Service Years or "years of service" means periods of 12 calendar months of membership service which qualify members for retirement or other benefits.
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Service Years has the meaning specified in the definition of Qualifying Retirement.
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Service Years means with respect to any ------------- Participant, the whole number of complete years (disregarding any incomplete year) elapsing during the period commencing on the date such Participant initially commenced employment with any Covered Employer and ending on such Participant's final Termination Date. In the case of any Participant who (a) commenced employment with a Covered Employer, (b) terminated such employment, and (c) prior to the Effective Date hereof, re-commenced employment with any Covered Employer, such Participant shall be credited with Service Years for those periods prior to the Effective Date hereof during which he was actually employed by any Covered Employer notwithstanding the fact that such pre- Effective Date employment with such covered Employer(s) was not continuous. Except as otherwise provided in Section 3.04 hereof (concerning leaves of absence), or as otherwise designated by the Participation Agreement, it is intended that a Participant shall cease earning Service Years upon his incurring any Termination after the Effective Date hereof, regardless of whether such Participant is thereafter employed by the Sponsor, an affiliate of the Sponsor or any Affiliated Company.
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Examples of Service Years in a sentence

  • In the case of a Participant who has incurred a 1-year Break in Service, Years of Service before such break will not be taken into account until the Participant has completed a Year of Service after such Break in Service.

  • The receipt of an Award under the Plan shall not give any Non-Employee Director any right or claim to receive any other Award under the Plan, and the Committee or the Board may determine that any or all Non-Employee Directors are not eligible to receive Awards under the Plan for an indefinite period or for specified Service Years.

  • The Corporation for National and Community Service awards the Senior Companion grant to the Department and specifies the number of Volunteer Service Years (annual hours to be served) that will be funded.

  • In determining the total number of consecutive Service Years that the Participant has been so employed, Disney shall apply such rules regarding the bridging of service as the Committee may adopt from time to time.

  • If the individual has not incurred a period of five (5) or more consecutive One-year Breaks in Service or his or her nonforfeitable percentage determined pursuant to Section 5.1(a) was one hundred percent (100%) as of the beginning of such period of One-year Breaks in Service, Years of Service that he or she completed before such period shall be counted for purposes of Section 5.1(a).

  • If the individual has incurred a period of five (5) or more consecutive One-year Breaks in Service and his or her nonforfeitable percentage determined pursuant to Section 5.1(a) was zero percent (0%) as of the beginning of such period of One-year Breaks in Service, Years of Service that he or she completed before such period shall be disregarded for purposes of Section 5.1(a).

  • All proposals must plan for at least 13,600 hours of service activity which is the equivalent of 8 AmeriCorps Member Service Years (MSYs).1 An MSY is to the AmeriCorps world what a Fulltime Equivalent (FTE) is to the employment world.

  • Number of Service Years Per Diem Rate Formula 10 Years or More 100% of Final Daily Rate 0-168 Days = 25% >168 days = 10% Payment for sick leave on this basis shall be considered to eliminate all sick leave credit accrued by the employee at that time.

  • The Commission has determined that an AmeriCorps program under this RFP must have a minimum of ten (10) Member Service Years (MSYs).

  • Effective with the 2003-2004 school year, years of experience shall be determined as follows: • Military Service Year(s) Experience on Salary Schedule • 6 – 17 months One Year • 18 – 29 months Two Years • 30 – 41 months Three Years • 42 or more months Four Years A teacher who is called to active duty while employed in Lafayette School Corporation shall be allowed to return to his/her previous position.


More Definitions of Service Years

Service Years of a Participant means his period of service with the Employers measured from his “hire date” or “adjusted hire date,” as the case may be, as shown in the Sponsor’s records.
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Service Years means the years of service that (a) a Transferred Employee was on secondment with the Original Spansion Venture and/or the Company, as the case may be, and (b) a Seconded Expatriate Employee was, or was deemed to be, on secondment with the Company.
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Service Years means with respect to any Participant, ------------- the whole number of complete years (disregarding any incomplete year) elapsing during the single, period commencing on the date such Participant initially commenced employment with any Covered Employer and ending on such Participant's final Termination Date. In the case of any Participant who (a) commenced employment with a Covered Employer, (b) terminated such employment, and (c) prior to the Effective Date hereof, re-commenced employment with any Covered Employer, such Participant shall be credited with Service Years for those periods prior to the Effective Date hereof during which he was actually employed by any Covered Employer notwithstanding the fact that such pre-Effective Date employment with such covered Employer(s) was not continuous. Except as otherwise provided in Section 3.04 hereof (concerning leaves of absence), it is intended that a Participant shall cease earning Service Years upon his incurring any Termination after the Effective Date hereof, regardless of whether such Participant is thereafter employed by the Sponsor, an affiliate of the Sponsor or any Affiliated Company. Notwithstanding the foregoing, in the case of a Participant whose Termination is due to a Disability the period commencing with such Disability and ending at the earliest of (i) attainment of age 65, (ii) return to Full-Time Employment, or (iii) the death of the Participant shall continue to be credited as Service Years.
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Service Years means, with respect to each Current Atlantis Employee entitled to benefits pursuant to Section 5.5(b)(i), above, the number of complete and partial years of service of such employee with Atlantis and any of its affiliates as of the date of such employee's termination, and including both service with Atlantis and its Subsidiaries prior to the Effective Time and with Parent and its Subsidiaries after the Effective Time, which number shall be no less than four (4) and no greater than twenty-six (26).
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Related to Service Years

  • Service Year means fiscal year, except that:

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Service Period has the meaning given to it in Framework Schedule 4 (Template Order Form and Template Call Off Terms) as refined by a Contracting Body in a Call Off Agreement between that Contracting Body and the Supplier;

  • Service Date or "SD" means the date service is made available to the End User Customer. This also is referred to as the "Due Date."

  • In-Service Date means the date on which the Facility and System Modifications (if applicable) are complete and ready for service, even if the Facility is not placed in service on or by that date.

  • Leave Year means the year ending with the anniversary date of the employee’s appointment.

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Vesting Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his vested interest in his Employer Contributions Sub-Account, if Employer Contributions are provided for under either Article VI or Article XXII.

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.

  • scheduled service means a series of ship crossings operated so as to serve traffic between the same two or more ports, either according to a published timetable or with crossings so regular or frequent that they constitute a recognisable systematic series;

  • Period of Service means the aggregate of all periods of service commencing with an Employee's first day of employment or reemployment with the Employer or an Affiliated Employer and ending on the first day of a Period of Severance, or for benefit accrual purposes, ending on the severance from service date. The first day of employment or reemployment is the first day the Employee performs an Hour of Service. An Employee who incurs a Period of Severance of twelve (12) months or less will also receive service-spanning credit by treating any such period as a Period of Service for purposes of eligibility and vesting (but not benefit accrual). For purposes of benefit accrual, a Participant's whole year Periods of Service is equal to the sum of all full and partial periods of service, whether or not such service is continuous or contiguous, expressed in the number of whole years represented by such sum. For this purpose, fractional periods of a year will be expressed in terms of days.

  • Years of Service means the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee's date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.

  • Date of Service means the date on which the client receives medical services or items, unless otherwise specified in the appropriate provider rules. For items that are mailed or shipped by the provider, the date of service is the date on which the order was received, the date on which the item was fabricated, or the date on which the item was mailed or shipped.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • Minimum Period of Service means a period of 12 consecutive months beginning on the Service Start Date, unless set out otherwise in any applicable Order.

  • completed year of service means continuous service for one year;

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Years mean and refer to calendar year(s).

  • Credited Service means the member's total period of service

  • One-Year Break in Service means a twelve (12) consecutive month period during which the Participant does not complete more than 500 Hours of Service.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.