Year of Plan Participation definition

Year of Plan Participation means any 12-month period extending from the first day of the month a Participant begins participation in the Savings Plan and/or this Plan if the Participant has maintained an account in the Savings Plan and/or this Plan for such 12-month period.

Year of Plan Participation means, each twelve (12) month period during which the Participant is employed on a full-time basis by the Plan Sponsor, with a minimum of 1,000 hours of service, inclusive of any approved leaves of absence, beginning on the Participant’s date of entry into this Plan.

Year of Plan Participation means each twelve (12) month period during which the Participant is employed on a full-time basis by the Employer (determined without regard to whether deferrals have been made by a Participant for any Plan Year), inclusive of any approved leaves of absence, beginning on the Participant’s Entry Date.

Examples of Year of Plan Participation in a sentence

• For each Plan Year beginning on or after the Effective Date that a Participant receives credit for a Year of Plan Participation, the Employer shall allocate to the Performance Account established for such Participant the amount determined under Section 3.1.2, provided that the Participant is employed by the Employer on the last day of the Plan Year or terminated employment during such Plan Year on account of death, Permanent Disability or attainment of his Normal Retirement Date.

• With respect to each calendar year following the calendar year in which the Participant's participation begins, the Participant shall be credited with a Year of Plan Participation for each such calendar year during which the Participant is in Service for the entirety of such calendar year.

• With respect to each calendar year following the calendar year in which the Participant’s participation begins, the Participant shall be credited with a Year of Plan Participation for each such calendar year during which the Participant is in Service for the entirety of such calendar year.

• Notwithstanding any other provision of this Section, a Participant who is an Employee shall be credited with a Year of Plan Participation for the year in which and at the time the Participant attains Normal Retirement.

• The Participant's ORP Accrued Retirement Benefit shall increase with each Year of Plan Participation the Participant completes.

More Definitions of Year of Plan Participation

Year of Plan Participation means each full Agreement Year during which Participant is actively employed by the Employer.

Year of Plan Participation means each calendar year period beginning on an Employee's Effective Date of Participation, as set forth in Section 2.3, and each anniversary thereof on which the Participant is still employed on the last day of said calendar year.

Year of Plan Participation means the total number of full Plan Years a Participant has been a Participant in the Plan prior to his or her Separation from Service (determined without regard to whether deferral elections have been made by the Participant for any Plan Year). For purposes of this definition, a partial year shall not be treated as a full Plan Year, unless the Participant is eligible to receive a Company Contribution for such Plan Year.

Year of Plan Participation means each 12-month period of full-time employment with the Bank. The first Year of Plan Participation shall commence with the Effective Date of this Agreement. The Board shall have discretion to grant a Year of Plan Participation vesting credit for nonconsecutive Years of Plan Participation, in its sole discretion.

Year of Plan Participation means a twelve (12) month period during which a Participant is employed on a full-time basis by the Company, inclusive of any approved leaves of absence, beginning on the Participant’s Eligibility Date.

Year of Plan Participation means each complete twelve-month period beginning on the date an employee becomes a Participant in the Plan and ending at the employee’s Termination of Employment or, if earlier, when the employee’s participation in the Plan is discontinued by the Board of Directors. Partial years shall be disregarded. No credit for service with the Company or the applicable Affiliate prior to January 1, 1990 shall be given. However, Years of Plan Participation shall include any years of participation credited to the Participant under the Grandfathered PEP prior to January 1, 2005.

Year of Plan Participation means each completed twelve (12) month period during which the Participant is providing service on a full-time basis to the Plan Sponsor, (determined without regard to whether deferrals have been made by a Participant for any Plan Year), inclusive of any approved leaves of absence, beginning on the Participant’s date of entry into this Plan.