Examples of Component member in a sentence
The Board by resolution may grant Vesting Service to a Participant for such period prior to the Employee's current employment with a Component Member as the Board shall determine, which grant for such period shall be set forth opposite his name on Exhibit III attached hereto.
Each hour (but not in excess of 501 hours in any continuous period) for which he is directly or indirectly paid or entitled to payment by a Component Member for reasons (such as vacation, sickness or disability) other than the performance of duties.
Hours of Service shall be credited whether occurring before or after the Effective Date; provided, however, that such hours shall not be credited if the employer was not a Component Member at the time they would otherwise be counted.
If any Participant hereunder is also a participant in another employee retirement plan which (a) is a defined contribution plan within the meaning of Section 414(i) of the Code and (b) is sponsored by a Company or a Component Member, then the foregoing limitations shall be applied on an aggregate basis.
A Transferred Employee will be fully vested upon attainment of age 60 while in the employ of a Component Member.
Participation As of April 1, 1995, each Employee of Paramont Coal Corporation became eligible to participate in the Plan with respect to future Basic Contributions as of or following the date on which he satisfied the requirements contained in Section 2.02 of the Plan, determined as if Paramont Coal Corporation had been a Component Member since the Employee's date of hire.
An Employee's Years of Service shall be determined as if ATI had been a Component Member since the Employee's date of hire by ATI.
A Transferred Employee shall become a Participant in the Plan on the date his account balance is transferred to the Plan from the ATI Plan and he or she shall be eligible to participate in the Plan with respect to future Basic Contributions as of the date (but not earlier than the date on which he became a Participant) on which he or she first satisfies the requirements of Section 2.02 determined as if ATI had been a Component Member since the Transferred Employee's date of hire with ATI.
Hours of Service shall be credited whether occurring before or after the Effective Date, except that such hours shall not be credited if the employer in question was not a Component Member at the time they would otherwise be counted.
A Participant who terminates his employment with a Component Member prior to age 55 and before he has completed 5 Years of Vesting Service shall not be entitled to any benefits under this Plan unless he is thereafter re-employed by a Component Member.