Common use of CREDITING OF SERVICE FOR ELIGIBILITY PURPOSES Clause in Contracts

CREDITING OF SERVICE FOR ELIGIBILITY PURPOSES. 2.3.1 For purposes of eligibility to participate, an Eligible Employee or Participant without any vested interest in any Employer Account and without an Elective Deferrals Account who terminates Employment shall lose credit for his or her Years of Service prior to such termination of Employment if his or her Period of Severance equals or exceeds five years or, if greater, the aggregate number of Years of Service.