Years of Eligibility Service definition

Years of Eligibility Service means Years of Benefit Service as defined in 2.2-7 plus Years of Service (as defined in the Retirement Plan), if any, approved by the Committee performed for a business before the date it became an Affiliate.
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Years of Eligibility Service means Years of Benefit Service as defined in 2.2-6 plus Years of Service (as defined in the PCC Retirement Plan), if any, approved by the Committee performed for a business before the date it became an Affiliate or performed for the Company or an Affiliate after the person has been removed from participation as provided in 1.2-1 and related provisions.
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Years of Eligibility Service means an Employee's period of continuous and uninterrupted employment from his or her last date of hire in a Plan-eligible employment classification to the date of determination of eligibility. This term is used to determine eligibility to participate in this Plan. For this purpose, employment shall be considered continuous and uninterrupted during a Leave of Absence.
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Examples of Years of Eligibility Service in a sentence

  • If no Years of Eligibility Service requirement is selected, Option 1 will apply.

  • To become a Participant, an Eligible Employee must have attained age 21 _ (maximum 21) and completed at least 1 Year(s) of Eligibility Service.

  • Years of Eligibility Service - If service for eligibility purposes is based on Hours of Service, a Year of Eligibility Service is granted for each computation period during which at least one thousand (1,000) hours are credited, unless otherwise specified below.

  • An Employee shall become an Active Participant on the first day of the month immediately following three (3) Years of Eligibility Service.

  • Years of Eligibility Service - If Years of Eligibility Service is based on Hours of Service, a Year of Service is granted for each Eligibility Computation Period during which at least one thousand (1,000) hours are credited, unless otherwise specified below.

  • Option 3: After completing Years of Eligibility Service (enter 0, 1, or 2).

  • An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section Three of the Adoption Agreement, and will be eligible to become a Contributing Participant (and thus be eligible to make Elective Deferrals) after completing (enter 0,1 or any fraction less than 1) Years of Eligibility Service (1000 hours or more during a year).

  • Option 3: After completing Years of Eligibility Service (enter 0, 1 or 2).

  • Eligibility Computation Period for Years of Eligibility Service - The initial Eligibility Computation Period begins on the Employment Commencement Date and ends on the anniversary thereof.

  • An Employee will be eligible to become a Participant in the Plan for purposes of any Employer Contributions made pursuant to Section 5 of the Adoption Agreement after completing (enter 0, 1 or 2) Year(s) of Eligibility Service.


More Definitions of Years of Eligibility Service

Years of Eligibility Service means the number of years so shown for a Deferred Covered Life on the Annuity Exhibits plus additional Years of Eligibility Service as follows: A Deferred Covered Life will be credited with an additional Year of Eligibility Service for each calendar year after 12/31/20[●] during which the Deferred Covered Life is credited with [1,000] or more hours of service with the Contractholder and the Affiliated Employers; provided, however, that hours of service will not be credited in the case of a Covered Life who has commenced Annuity Payments or who has been paid a lump sum as of the Effective Date.]
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Years of Eligibility Service means Years of Benefit Service as defined in 2.2-4 plus any Years of Service (as defined in the Retirement Plan) performed for a business before the date it became a Subsidiary.
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Years of Eligibility Service. An Eligibility Computation Period in which the Employee completes 1000 Hours of Service.
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Related to Years of Eligibility Service

  • Year of Eligibility Service means where an Employer designates a one or two 12-consecutive-month eligibility waiting period, an Employee must complete at least 1,000 Hours of Employment during each 12-consecutive-month period (measured from his date of Employment and then as of the first day of each Plan Year commencing after such date of Employment); provided, however, if an Employee is credited with 1,000 Hours of Employment in both the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee's employment commencement date, the Employee will be credited, for eligibility purposes, with two Years of Eligibility Service. Where an Employer designates an eligibility waiting period of less than 12 months, an Employee must, for purposes of eligibility, complete a required number of hours (measured from his date of Employment and each anniversary thereafter) which is arrived at by multiplying the number of months in the eligibility waiting period requirement by 83 1/3; provided, however, if an Employee completes at least 1,000 Hours of Employment within the 12 month period commencing on his Employment commencement date or during any Plan Year commencing after such Employment commencement date, such Employee will be treated as satisfying the eligibility service requirements.

  • Eligibility Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his eligibility to participate in the Plan as may be required under Article III or Article VI.

  • Years of Service means the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee's date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.

  • Credited Service means the member's total period of service

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.

  • completed year of service means continuous service for one year;

  • Retirement Eligibility means attainment of age 60 and completion of at least five (5) years of continuous service with the Company.

  • Period of Service means the aggregate of all periods of service commencing with an Employee's first day of employment or reemployment with the Employer or an Affiliated Employer and ending on the first day of a Period of Severance, or for benefit accrual purposes, ending on the severance from service date. The first day of employment or reemployment is the first day the Employee performs an Hour of Service. An Employee who incurs a Period of Severance of twelve (12) months or less will also receive service-spanning credit by treating any such period as a Period of Service for purposes of eligibility and vesting (but not benefit accrual). For purposes of benefit accrual, a Participant's whole year Periods of Service is equal to the sum of all full and partial periods of service, whether or not such service is continuous or contiguous, expressed in the number of whole years represented by such sum. For this purpose, fractional periods of a year will be expressed in terms of days.

  • Vesting Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his vested interest in his Employer Contributions Sub-Account, if Employer Contributions are provided for under either Article VI or Article XXII.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Eligibility Waiting Period means the continuous length of time you must be in Active Employment in an eligible class to reach your Eligibility Date.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Minimum Period of Service means a period of 12 consecutive months beginning on the Service Start Date, unless set out otherwise in any applicable Order.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • One-Year Break in Service means a twelve (12) consecutive month period during which the Participant does not complete more than 500 Hours of Service.

  • Hours of Service means hours to be credited to an Employee under the following rules:

  • Break in Service means any Plan Year, or, for the initial eligibility computation period under Section 3.2, the 12-consecutive month period beginning on the first day of which an Employee has an Hour of Service, in which an Employee has 500 or fewer Hours of Service. Solely for this purpose, an Employee shall be considered employed for his normal hours of paid employment during a Recognized Absence (said Employee shall not be credited with more than 501 Hours of Service to avoid a Break in Service), unless he does not resume his Service at the end of the Recognized Absence. Further, if an Employee is absent for any period (i) by reason of the Employee’s pregnancy, (ii) by reason of the birth of the Employee’s child, (iii) by reason of the placement of a child with the Employee in connection with the Employee’s adoption of the child, or (iv) for purposes of caring for such child for a period beginning immediately after such birth or placement, the Employee shall be credited with the Hours of Service which would normally have been credited but for such absence, up to a maximum of 501 Hours of Service.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • 1-Year Break in Service means the applicable computation period during which an Employee has not completed more than 500 Hours of Service with the Employer. Further, solely for the purpose of determining whether a Participant has incurred a 1-Year Break in Service, Hours of Service shall be recognized for "authorized leaves of absence" and "maternity and paternity leaves of absence." Years of Service and 1-Year Breaks in Service shall be measured on the same computation period.

  • Retirement Age means the earlier to occur of:

  • Plan Year means the calendar year.

  • Period of Severance means a continuous period of time during which an Employee is not employed by the Employer. Such period begins on the date the Employee retires, quits or is discharged, or if earlier, the twelve (12) month anniversary of the date on which the Employee was otherwise first absent from service.

  • Age means the attained age of the Insured Person.

  • In-service means an educational program, which is designed to increase the knowledge, skills, and overall effectiveness of personnel.