Vesting Service Date definition

Vesting Service Date means the date an Employee first completes an Hour of Service. If an Employee has a Break in Employment and the Employee then performs an Hour of Service within 12 months of such Break in Employment, his Vesting Service Date is not adjusted upon his reemployment. Thus, a Period of Severance of less than twelve months is treated as a Period of Service. For an Employee who has a Reemployment Commencement Date after a Period of Severance of twelve months or more, the Vesting Service Date is an adjusted date. The adjusted date is determined by counting backwards from the Reemployment Commencement Date the number of days previously credited to the Employee as a Period of Service. This process shall be repeated for Employees who are rehired more than once.
Sample 1

Examples of Vesting Service Date in a sentence

  • The “Restricted Period” shall mean, with respect to any Share underlying the Grant, the period of time commencing on the date of the Grant and ending on the later to occur of (i) the applicable Vesting Service Date as listed on the Information Page (the “Vesting Service Date”) and (ii) the applicable Vesting Price Date.

  • The initial Vesting Service Date of each individual who was employed in the United States, if any, and who becomes an Employee of William M.

  • If any individuals exist, such individual’s Vesting Service Date shall be subject to future adjustment in accordance with the provisions of Article VII of the Plan.

  • The initial Vesting Service Date of each individual who becomes an Employee of William M.

  • Such individual’s Vesting Service Date shall be subject to future adjustment in accordance with the provisions of Article VII of the Plan.

  • Analyzing the family structures also helps to explain certain high-demand areas or pressure points within the community.

  • She got the information about assault at 9.30 A.M. whereas P.W. 1 saw the occurrence at 6.30 A.M.

  • If any individuals exist, such individual's Vesting Service Date shall be subject to future adjustment in accordance with the provisions of Article VII of the Plan.B.l0 Health Benefits America ("Health Benefits").

Related to Vesting Service Date

  • 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 Date has the meaning set forth in Section 3.10(c)(ii).

  • 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.

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • 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;

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Contract Award Date means the date of the Contract award notice, which may take the form of a purchase order, signed Contract or Notice of Award, issued by the Authority.

  • 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.

  • 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.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Testing service means a national testing service selected by the board.

  • 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.

  • 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.

  • Service Year means fiscal year, except that:

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Vesting Schedule means the vesting schedule specified in the Grant Notice pursuant to which the Optionee is to vest in the Option Shares in a series of installments over his or her period of Service.

  • Level of service has the meaning set forth in Section 2.02(c).

  • Severance from Service Date means the earlier of:

  • CMU Service means the Central Moneymarkets Unit Service, operated by the Hong Kong Monetary Authority;

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.