Vested Service definition

Vested Service is defined as: (1) If employment ends prior to 2 years of service, 100% of the employer contribution is forfeited to WSU,
Vested Service is defined as: (1) If employment ends prior to two
Vested Service means a Participant’s service calculated in accordance with Section 6.1.

Examples of Vested Service in a sentence

  • For the University contribution, vested percentage is as follows: Years of Vested Service* Vested Percentage Less than 2 years ………………….

  • Contributions In The Target Benefits Plan As Of December 31, 2015 but do not meet 50/10 Target Benefits Age and Vested Service Time Requirements.

  • For the University contribution, vested percentage is as follows: Years of Vested Service Vested Percentage Less than 2 years…………….

  • Vested Service Condition SARs shall be redeemed on the redemption date specified by the Committee.

  • Vested Service Vested service is used solely for the purposes of determining if your credited service may be lost and for determining your right to retirement benefits.


More Definitions of Vested Service

Vested Service means means a Participant’s Service with the City, during which the Participant makes contributions described in Ssection 3.01, with the exception of except for during a leave due to Qualified Military Service. Vested Service shall excludes any Service during which the Participant was ineligible to participate in the Plan, or was eligible but declined to make the did not make contributions described in Sunder section 3.01.
Vested Service means the number of years of an Employee's Vested Service determined according to this subsection. An Employee shall be deemed to accrue a full year of Vested Service for each calendar year during which he completes at least 365 Days of Service as an Employee. In addition, an Employee shall be deemed to accrue a fractional year of Vested Service in any calendar year in which he completes one or more but less than 365 Days of Service as an Employee. Such fractional year of Vested Service shall be computed by dividing the number of Days of Service completed by the Employee during such calendar year by 365." RESOLVED FURTHER that Section 5 of the Plan is hereby amended in its entirety to read as follows:
Vested Service means an Employee’s total Periods ofa Participant’s Service with the EmployerCity, during which the EmployeeParticipant makes contributions prescribeddescribed in Section 3.01. Once earned, a Period of, with the exception of a leave due to Qualified Military Service shall never be lost as a result of any Period of Severance. Vested Service shall exclude any Period of Service during which the Participant was ineligible to participate in the Plan, or was eligible but declined to make the contributions prescribeddescribed in Section 3.01.
Vested Service by the Purchaser for the Corporation shall be defined as that period of time during which the Purchaser is employed by the Corporation after July 1, 1996 (the vesting commencement date) excluding time periods during which Purchaser is on an unpaid leave of absence from such employment.
Vested Service means a Participant's service calculated in accordance with Section 6.1. For any Employee who was an employee of an Acquired Company on the date of its acquisition by the Employer and became employed by the Employer on such date, Vested Service shall include service recognized for purposes of vesting under the Merged Plan of such Acquired Company. For any Employee who was an employee of Financial Federal on January 20, 1999 and became employed by the Employer on January 21, 1999, Vested Service shall include service recognized for purposes of vesting under the Financial Federal Plan.
Vested Service means a Participant's Vested Service as defined in the Retirement Plan.
Vested Service is defined as: (1) if employment ends prior to 2 years of service, 100% of the employer contribution is forfeited to Corvias, (2) if employment ends after 2 years of service the employee is entitled to 100% of the employer contribution. Employees with previous service at an eligible institution may be able to waive all or a portion of the two-year vesting requirement.