Year of Participation means a Plan Year in which the Participant was eligible for an allocation of Employer contributions, irrespective of whether the Employer actually contributed to the Plan for that Plan Year.
Year of Participation means a year of Participation (as defined in Article I) (computed to fractional parts of a year). A Participant who is permanently and totally disabled within the meaning of section 415(c)(3)(C)(i) of the Code for an accrual computation period shall receive a Year of Participation with respect to that period. In addition, for a Participant to receive a Year of Participation (or part thereof) for a Plan Year, the Plan must be established no later than the last day of such accrual computation period. In no event will more than one Year of Participation be credited for any twelve (12) month period.
Year of Participation means each year of Service to the extent earned during the period beginning on the date a Participant begins making Before-Tax, Roth 401(k), or After-Tax Contributions to the Plan (or any plan the assets of which are merged into the Plan) and continuing for so long as the person remains a Participant.
Examples of Year of Participation in a sentence
Initial classification (as a Freshman, Sophomore, Junior or Senior) of a student participating at the High School level for the first time will be determined by the grade level assigned to the student by any academic institution attended by the student during the current Year of Participation.
More Definitions of Year of Participation
Year of Participation means each accrual computation period, computed to fractional parts of a year, for which the following conditions are met: (i) the Participant is credited with at least the number of hours of service for benefit accrual purposes, required under the terms of the Plan in order to accrue benefit service, and (ii) the Participant is included as a Participant under the eligibility provisions of the Plan for at least one (1) day of the period of benefit service. If these two (2) conditions are met, the portion of a Year of Participation credited to the Participant shall equal the amount of benefit service credited to the Participant for such accrual computation period. A Participant who is permanently and totally disabled within the meaning of Code section 415( c)(3)(C)(i) for an accrual computation period shall receive a Year of Participation with respect to that period. In addition, for a Participant to receive a Year of Participation, or part thereof, for an accrual computation period, the Plan must be established no later than the last day of such accrual computation period. In no event will more than one (1) Year of Participation be credited for any twelve (12) month period.
Year of Participation means each 12 consecutive months of participation in the Plan by a Participant while actively employed by one or more of the Employers (including while such Participant is qualified as totally disabled as defined in Article V), as determined at the sole discretion of the Administrator.
Year of Participation means a twelve (12) month period during which the Insured is employed as an employee on a full-time basis by the Bank or serving as a member of the Board, inclusive of any approved leaves of absence, beginning on January 1, 2020.
Year of Participation means each accrual computation period, computed to fractional parts of a year, for which the following conditions are met:
Year of Participation means a Year of Service during which an Employee is eligible to participate in the plan and is credited by the Employer/Sponsoring Entity with the number of Hours of Service specified in the Plan Specifications. The initial computation period for determining Years of Participation shall commence on the first day of the Plan Year that includes the Participant’s Entry Date.
Year of Participation means the number of complete and partial months that the Participant has been a Participant in the Plan while employed by the Company or an affiliate, divided by 12. Partial years shall be disregarded. A Participant shall be deemed to have been a Participant in the Plan beginning on the participation date designated by the Committee in Appendix A.
Year of Participation means for a Participant the full year measured from a Participant's Eligibility Date and anniversaries thereafter.