Vested Service definition

Vested Service is defined as: (1) If employment ends prior to 2 years of service, 100% of the employer contribution is forfeited to WSU,
Vested Service is defined as: (1) If employment ends prior to two
Vested Service means a Participant’s service calculated in accordance with Section 6.1.

Examples of Vested Service in a sentence

  • For the University contribution, vested percentage is as follows: Years of Vested Service* Vested Percentage Less than 2 years ………………….

  • The Carry Percentage shall be, for each Management Member, the quotient obtained by dividing (i) the sum of such Member's Service Percentage and such Member's Performance Percentage by (ii) the sum of (w) 100% plus (x) the Adjusted Total Vested Service Percentage plus (y) the Adjusted Aggregate Post IPO Performance Percentage plus (z) the Adjusted Total Vested IPO Percentage.

  • Contributions In The Target Benefits Plan As Of December 31, 2015 but do not meet 50/10 Target Benefits Age and Vested Service Time Requirements.

  • Years of Vested Service earned by the Participant after reemployment, plus any Years of Vested Service earned before reemployment and retained under Section 9.3, shall be used to determine the vested portion of the Participant's post-reemployment subaccount.

  • Years of Vested Service earned by the Participant after reemployment, plus any Years of Vested Service earned before reemployment and retained under Section 9.3, shall be used to determine the vested portion of the Participant's Account.


More Definitions of Vested Service

Vested Service means the number of years of an Employee's Vested Service determined according to this subsection. An Employee shall be deemed to accrue a full year of Vested Service for each calendar year during which he completes at least 365 Days of Service as an Employee. In addition, an Employee shall be deemed to accrue a fractional year of Vested Service in any calendar year in which he completes one or more but less than 365 Days of Service as an Employee. Such fractional year of Vested Service shall be computed by dividing the number of Days of Service completed by the Employee during such calendar year by 365." RESOLVED FURTHER that Section 5 of the Plan is hereby amended in its entirety to read as follows:
Vested Service means means a Participant’s Service with the City, during which the Participant makes contributions described in Ssection 3.01, with the exception of except for during a leave due to Qualified Military Service. Vested Service shall excludes any Service during which the Participant was ineligible to participate in the Plan, or was eligible but declined to make the did not make contributions described in Sunder section 3.01.
Vested Service is defined as: (1) if employment ends prior to 2 years of service, 100% of the employer contribution is forfeited to Corvias, (2) if employment ends after 2 years of service the employee is entitled to 100% of the employer contribution. Employees with previous service at an eligible institution may be able to waive all or a portion of the two-year vesting requirement.
Vested Service is defined as:
Vested Service means a Participant's service calculated in accordance with Section 6.1. For any Employee who was an employee of an Acquired Company on the date of its acquisition by the Employer and became employed by the Employer on such date, Vested Service shall include service recognized for purposes of vesting under the Merged Plan of such Acquired Company. For any Employee who was an employee of Financial Federal on January 20, 1999 and became employed by the Employer on January 21, 1999, Vested Service shall include service recognized for purposes of vesting under the Financial Federal Plan.
Vested Service means a Participant's Vested Service as defined in the Retirement Plan.
Vested Service means any period of service, subject to the provisions of rules 9 to 12-