Service Percentage means the percentage determined by dividing by 60 the number of months in the period beginning on the Award Date and ending on the date of such termination of the Recipient's employment; and for this purpose, any fraction of a month included in such period shall be treated as a full month. This subparagraph (iii) shall not apply if the Recipient's Vesting Date occurs by reason of the occurrence of an Acceleration Date.

Service Percentage means 2% for each full or partial year of the Executive’s employment with the Company (plus service with a prior employer if treated as credited service with the Company) commencing August 10, 1987 and ending as of the date his active employment with the Company terminates, plus 2% for (A) each full year, if any, that the Executive receives payments under Paragraph 6(a) or 6(b) hereof (with such percentage pro-rated for the partial contract year in which such final termination of the Executive’s employment occurs or in which such final payments under Paragraph 6(a) or 6(b) hereof are made, whichever shall be applicable) or (B) for each of the three years following any “Qualifying Termination” of the Executive’s Employment during the “Termination Period,” each as defined in the Prior Agreement.

Service Percentage has the meaning set forth in Section 10.1(a)(i) of this Agreement.

Examples of Service Percentage in a sentence

The District shall contribute to the Trust an amount equal to a percentage of the base biweekly salary of eligible employees as follows: Years of Completed County Service Percentage Less than one year 0% One but less than ten years 1.0% Ten but less than sixteen years 1.75% Sixteen or more years 2.75% Contributions to the Trust shall not be considered earnable compensation.
Length of Service Percentage of Top Schedule Rate Less than 1 year 70% More than 1 year 71% More than 2 years 72% More than 3 years 73% More than 4 years 74% More than 5 years 75% More than 6 years 80% More than 7 years 90% More than 8 years 100% When an employee in Table 2, who is not at the 8 year progression rate, is sent on a temporary transfer to a location in Table 4, the employee will be paid, via pay claim, a temporary transfer payment of $10 per day.
Effective upon ratification, the following conversion rates will apply: Years of Service Percentage of Sick Hours Converted 20 65% 21 75% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be assigned a present value as of the date of retirement equal to the number of hours of accumulated sick leave multiplied by the employee's base hourly rate multiplied by the conversion rate, at the time of retirement.
Years of Service Percentage of Annual Salary 5 - 9 2% 10 - 14 4% 15 - 19 6% 20 - 24 8% 25+ 10% Employees who satisfy the requirements of the above schedule shall be paid a single lump sum payment the first full pay period following their date of full time hire.
Years of Service Percentage 0‑12 3.5% 13‑20 4.5% 21‑25 5.0% 26‑30 5.5% 31+ 6.2% Employees will move to the next service grade on their an‑ niversary date.

More Definitions of Service Percentage

Service Percentage for each Management Member (or Ex-Management Member, as applicable) shall be the Total Service Percentage multiplied by the quotient obtained by dividing (x) the number of Retainable Service Points allocated to such Management Member (or, in the case of any Ex-Management Member, the allocated and retained Service Points of such Ex-Management Member as determined in accordance with the schedule set forth in Section 8.3(b) hereof) by (y) 1000 (or, if the pool of allocated Service Points has been increased above 1000 (such increased number, the "Total Service Pool Points"), the Total Service Pool Points). For purposes of this Agreement, (A) the "Total Service Percentage" means five percent (5%), (B) the "Adjusted Total Service Percentage" means the product of (x) the Total Service Percentage and (y) the Carry Adjustment Factor, (C) the "Adjusted Total Vested Service Percentage" means the product of (x) the Adjusted Total Service Percentage and (y) the Vested Service Factor, and (D) the "Vested Service Factor" means, at any date of determination, the quotient obtained by dividing (x) the Aggregate Retainable Service Points by (y) the total Service Points then allocated to Management Members and Ex-Management Members (it being understood that such total may be less than 1000).

Service Percentage means 2% for each full year of the Executive’s employment with the Company (plus service with a prior employer if treated as credited service with the Company) commencing August 10, 1987 and ending as of the later of (i) the date his active employment with the Company terminates or (ii) the last date during any period for which the Executive receives Continuing Payments, plus 2% for (A) each full year, if any, that the Executive receives payments under Paragraph 6(a) or 6(b) hereof (with such percentage pro-rated for the partial contract year in which such final termination of the Executive’s employment occurs or in which such final payments under Paragraph 6(a) or 6(b) hereof are made, whichever shall be applicable) or (B) for each of the three years following any “Qualifying Termination” of the Executive’s Employment during the “Termination Period,” each as defined in the Prior Agreement; plus 2% for either the partial year in which such final termination of the Executive’s employment occurs or the partial year in which such final Continuing Payments are made, whichever shall be applicable (with such 2% pro-rated for such partial year).

Service Percentage means 2% for each full or partial year of the Executive's employment with the Company (plus service with a prior employer if treated as credited service with the Company) as of the date his active employment with the Company terminates, plus 2% for (A) each full year, if any, that the Executive receives payments under Paragraph 6(a) or 6(b) hereof (with such percentage pro-rated for the partial contract year in which such final termination of the Executive's employment occurs or in which such final payments under Paragraph 6(a) or 6(b) hereof are made, whichever shall be applicable) or (B) for each of the three years, or if less, the period of time remaining until the Executive reaches age 65, following any "Qualifying Termination" of the Executive's Employment during the "Termination Period," each as defined in the Prior Agreement (with such percentage to be pro-rated for any partial year following any such "Qualifying Termination" and prior to attainment of age 65).

Service Percentage means 2% for each full year of the Executive’s employment with the Company (plus the Executive’s full or partial years of employment with Wachovia Corporation) commencing on the first date of the Executive’s employment with the Company and ending as of the later of (i) the date his active employment with the Company terminates, or (ii) the last date during any period for which the Executive receives Continuing Payments, plus 2% for each full year, if any, that the Executive receives Continuing Payments (with such percentage pro-rated for the partial contract year in which such final termination of the Executive’s employment occurs or in which such final payments under Paragraph 6(a) or 6(b) hereof are made, whichever shall be applicable); plus 2% for either the partial year in which such final termination of the Executive’s employment occurs or the partial year in which such final Continuing Payments are made, whichever shall be applicable (with such 2% pro-rated for such partial year).

Service Percentage means the number of the Executive's Years of Service divided by the number of Years of Service the Executive would have if he continued to work until his Normal Retirement Date. For purposes of calculating the Executive's Service Percentage, Years of Service shall be calculated to the nearest 1/12 of a year.

Service Percentage means 2% for each full or partial year of the Executive’s employment with the Company (plus the Executive’s full or partial years of employment with Wachovia Corporation) commencing on the first date of the Executive’s employment with the Company and ending as of the date his active employment with the Company terminates, plus 2% for each full year, if any, that the

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