Benefit Credit. If the Executive incurs a Qualifying Termination,
Benefit Credit. (1) Each Participant shall receive service credit, for the purpose of receiving benefits and for vesting, retirement eligibility, benefit accrual, and all other purposes, under all employee benefit plans sponsored by the Company (including, but not limited to, health, life insurance, pension, savings, stock, and stock ownership plans, but excluding the Company's short-term and long-term disability plans) in which he participated on June 30, 2000, for 24 months.
Benefit Credit. The benefit credit is provided based on the first two pays paid in a calendar month. If there is a third pay paid in a month, there isn’t any benefit credit for that pay. The Benefit Credit is the maximum credit an employee can earn if the employee regularly works seventy-five (75) hours biweekly. It is $60 per pay period, or $120 per month. If you enroll in a benefit and the credit does not pay all of the cost of that benefit, the rest of the cost will be deducted from your pay. When you enroll in benefits, you will have to sign an authorization to allow the Employer to deduct these costs from your regular pay.
Benefit Credit. If the Executive incurs a Qualifying Termination, short-term and long-term disability plans) in which he participated immediately before the Change in Control, for 24 months;
Benefit Credit. (a) Upon execution of the Agreement to which this Exhibit C is attached, you shall be credited with 8.5625 years of service as of June 30, 2000, and two years of service for each year from July 1, 2000, through November 30, 2003, for purposes of receiving benefits and for vesting, retirement eligibility, benefit accrual, and all other purposes, under all of the Company's benefit plans (including, but not limited to, health, life insurance, pension, savings, stock, and stock ownership plans, but excluding the Company's short-term and long-term disability plans) in which you participated on June 30, 2000. If you terminate your employment with the Company for any reason before November 30, 2003, you shall receive service credit pursuant to the immediately preceding sentence through November 30, 2003. Your credit for service after November 30, 2003, shall be determined in accordance with the Company's applicable service-crediting rules.
Benefit Credit. (a) The benefit credit is provided based on the first two (2) pays paid in a calendar month. If there is a third (3rd) p for that pay.
Benefit Credit. (a) The following annual amount will be credited on behalf of Participants who are Eligible Retirees:
Benefit Credit. A Participant will be credited with Units of Benefit Credit for hours of service worked in a Plan Year as follows: Hours of Service Units of Benefit Credit 2500 or more 1.3 2300 - 2499 1.2 2100 - 2299 1.1 1900 - 2099 1.0 1700 - 1899 0.9 1500 - 1699 0.8 1300 - 1499 0.7 1100 - 1299 0.6 900 - 1099 0.5 700 - 899 0.4 500 - 699 0.3 Below 500 0.0 Units of Benefit Credit shall be accumulated by a Participant as a result of covered employment only for the period from and after October 1, 1978. Hours of Service shall be credited in accordance with Section 1.24. Former Participants who return to employment but did not have a nonforfeitable right to any portion of their Benefit Credits derived from Employer contributions at the time of termination shall receive credit for all Units of Benefit Credit earned prior to their break in service in accordance with Section 6.01 (Entry Dates and Participation).
