Additional Service Credit. Executive’s total years of service credit under each of the defined benefit retirement plans (including excess benefits plans) in which Executive participates upon the date of a Termination Upon Change of Control shall be increased by an additional one year of service credit, but in each case, not above the maximum number of years of service credit permitted under each such plan.
Additional Service Credit. Notwithstanding the foregoing, and for vacation purposes only, employees in L3 positions and above, together with those later promoted thereto and new employees, who are hired directly into said positions from outside the Company, shall be credited with seven (7) years of service upon the ratification of this Agreement or said promotion or hire as appropriate.
Additional Service Credit. Notwithstanding the foregoing, and for vacation purposes only, employees in PG 4 positions and above, together with those later promoted thereto and new employees, who are hired directly into said positions from outside the Company, shall be credited with seven (7) years of service upon the ratification of this Agreement or said promotion or hire as appropriate.
Additional Service Credit. For purposes of determining the SERP Percentage under Section 4(b)(i)(B) above, it will be assumed that you remained employed by the Company continuously from the date of your termination of employment on account of Disability up to and including the Expiration Date.
Additional Service Credit. In addition to the Consulting Fee, ------------------------------- the Consultant's benefits under the Company's qualified and non-qualified retirement plans shall be enhanced by crediting the Consultant with an additional year of service during the Consulting Period for purposes of accruing benefits and determining the vesting of the Consultant's entitlements to benefits under the plans.
Additional Service Credit. If Xxxxxx'x service with the Company extends to Xxxxxx'x sixty-fifth (65th) birthday, then Xxxxxx to the extent Xxxxxx'x actual years of service are less than thirty (30) at age sixty-five (65), shall be credited with an additional number of years of service equal to thirty (30) minus Xxxxxx'x actual years of service at age sixty-five (65), provided, however, that such additional years of credited service shall not exceed fifteen (15). If Xxxxxx'x employment is terminated before attaining age sixty-five (65) pursuant to Sections 7.2, 7.3, 7.5 or 7.6 within two (2) years following a Change of Control, then Xxxxxx, to the extent Xxxxxx'x actual years of service would have been less than thirty (30) had Xxxxxx remained employed until age sixty-five (65), shall be credited with an additional number of years of service equal to thirty (30) minus what Xxxxxx'x actual years of service would have been at age sixty-five (65), provided, however, that such additional years of credited service shall not exceed fifteen (15).
Additional Service Credit. Employees in PG-4, 5 and 6 will be credited with years of service as set out below which will be added to years of service credited under 14.01 (b) in order that the employee may gain additional vacation credits up to twenty (20) days. Beyond twenty (20) days vacation, the schedule as set out in 14.01 (b) will apply.
Additional Service Credit. Notwithstanding the foregoing, and for vacation purposes only, employees in OA3 positions and above, together with those later promoted thereto and new employees, who are hired directly into said positions from outside the Company, shall be credited with seven (7) years of service upon the ratification of this Agreement or said promotion or hire as appropriate.
Additional Service Credit. For purposes of determining whether Executive is a Retirement Benefit Eligible Executive under this Section 15, and wherever under this Section 15 the provision or calculation of benefits is determined, in whole or in part, based on Executive’s time in service, Executive’s time in service shall be calculated on the basis of his actual time in service plus any credited service provided under Company policy or otherwise to Executive.
Additional Service Credit. For purposes of determining whether Executive is a Retirement Benefit Eligible Executive under this Section 16, and wherever under this Section 16 eligibility for or vesting of benefits is determined, in whole or in part, based on Executive’s time in service, Executive’s time in service shall be calculated on the basis of his actual time in service, plus any credited service provided under Company policy or otherwise to Executive, plus the remaining time of any Term during which Executive’s employment is terminated, plus twenty-four (24) months. To the extent that the Company determines that the crediting of additional service as described herein under a Company benefit plan will jeopardize the tax-qualified status of such plan or is otherwise not permissible under such plan, then such additional credits shall not be applied and the Company shall instead calculate and pay to Executive at the time set forth in Section 16.3.1 a lump sum cash payment equal to the value of any benefits which would have resulted from such additional forfeited service credits.
