Year of Participation Service definition

Year of Participation Service means (1) the 12-consecutive month period commencing with an Employee’s Date of Hire and ending on the last day before the anniversary of his or her Date of Hire, or (2) a Plan Year commencing after the Employee’s Date of Hire, during which he or she completes at least 1,000 Hours of Service.
Year of Participation Service means, with respect to any Employee, a consecutive 12-month period of employment with the Employer or any Affiliate, beginning on the date he or she first completes an Hour of Service upon hire or rehire, or any Plan Year beginning after that date in which he or she first completes at least 1,000 Hours of Service. Notwithstanding the foregoing, the period of an Employee's employment rendered prior to the Effective Date which was recognized under the Prior Plan as participation service shall be recognized as Participation Service under this Plan on behalf of such Member.
Year of Participation Service means each one- year period of time commencing on the date on which the Participant first became a Participant in the Plan and each anniversary thereof during which he remained a Participant in the Plan.

Examples of Year of Participation Service in a sentence

  • Each Employee who has attained age twenty-one (21) and completed one (1) Year of Participation Service shall be eligible to participate in the Plan.

  • If an out-of-state entity offers landscape architectural services, then it shall comply with requirements set forth in G.S. 89A.

  • Notwithstanding the foregoing or any other Plan provision, an Eligible Employee who would otherwise meet the requirements of Section 1.3(ii) except that the Eligible Employee has not completed at least one Year of Participation Service, shall be treated as a “Post-2003 Participant” on the later of (i) January 1, 2013, or (ii) the first day of the month coincident with or next following three continuous months of full-time employment with the Company measured from the Eligible Employee’s Date of Hire.

  • We are meeting to hear testimony on examining the challenges in Puerto Rico’s recovery and the role of the Financial Oversight and Management Board.I ask unanimous consent that the gentleman from California, Mr. Ruiz; the gentleman from New York, Mr. Serrano; the gentleman from Illinois, Mr. Gutierrez; and the gentlewoman from New York, Ms. Velazquez, all be allowed to sit with the Committee and par- ticipate in the hearing.

  • Effective January 1, 1995, each Employee who has completed one (1) Year of Participation Service shall be eligible to participate in the Plan.


More Definitions of Year of Participation Service

Year of Participation Service means an Eligibility Computation Period during which the Employee has completed five hundred and one (501) or more Hours of Service (one thousand (1,000) Hours of Service, effective January 1, 1995).
Year of Participation Service means an Eligibility Computation Period of an Employee during which he or she is credited with 1,000 or more Hours of Service. All Years of Participation Service with the Employer shall be counted toward eligibility except the following:
Year of Participation Service means a year of participation service as defined in the Qualified Plan.
Year of Participation Service means a twelve consecutive month period of Employment with a Plan or Plans, provided, however, that a period of Employment with a Plan or Plans prior to a Break in Service shall be disregarded until the Employee has completed a Year of Participation Service subsequent to said Break in Service. Notwithstanding the foregoing, in the case of an Employee who first becomes a Participant in the Program on or after July 1, 2000, the Employee's Years of Participation Service prior to a Break in Service shall be permanently disregarded if the Employee previously terminated Employment with a Plan prior to acquiring a right to a vested benefit under the Plan's pension program and if the Employee's subsequent number of consecutive one-year Breaks in Service exceeded the greater of five or the number of the Employee's prior Years of Vesting Service. An appropriate adjustment, however, shall be made to the amount of service prior to January 1, 1976, credited hereunder in order to take into account periods of military service which would otherwise qualify as "Employment"
Year of Participation Service means an Eligibility Computation Period during which the Employee has completed one thousand (1,000) Hours of Service.
Year of Participation Service shall have the meaning set forth in subsection (a) or (b) below, whichever is applicable:
Year of Participation Service means an Eligibility Computation Period as defined in Section 2.20 in which an Employee is credited with one thousand (1,000) or more Hours of Service with the Employer or an Affiliated Employer.