Definition of Year of Service Sample Clauses

Definition of Year of Service. Year of Service’ means the period between the date of commencement of employment in any year and the anniversary of the commencement of employment in the next year.
AutoNDA by SimpleDocs
Definition of Year of Service. A Year of Service for purposes of an Employee's participation in the Plan, means the applicable Eligibility Computation Period under Section 2.02(C), during which the Employee completes the number of Hours of Service (not exceeding 1,000) the Employer specifies in its Adoption Agreement, without regard to whether the Employer continues to employ the Employee during the entire Eligibility Computation Period.
Definition of Year of Service. A Year of Service, for purposes of determining a Participant's vesting under Section 5.03, means the Vesting Computation Period during which an Employee completes the number of Hours of Service (not exceeding 1,000) the Employer specifies in its Adoption Agreement, without regard to whether the Employer continues to employ the Employee during the entire Vesting Computation Period.
Definition of Year of Service. For the purposes of this provision, a paraprofessional shall earn a full year of service if the date of hire is before February 1 of the school year during which the member is hired. Thus, for example, a paraprofessional hired prior to January 31, 2022 shall earn a full year of service credit for the 2022/23 school year. Thereafter, for each school year employed, the paraprofessional shall earn an additional year of credit.
Definition of Year of Service. 33.5.1. The first year of service shall be calculated from the date of his or her commencement with the employer. In each case the subsequent years of service shall commence from the corresponding respective dates.
Definition of Year of Service. For the purposes of determining vacation entitlement, a year of service will be recognized for twelve (12) consecutive months from date of employment or anniversary date irrespective of the percentage of time worked.
Definition of Year of Service. For the purpose of this article a year of service shall consist of not less than 180 days including:
AutoNDA by SimpleDocs
Definition of Year of Service. 2777 For the purpose of determining an employee’s eligibility under Category 3, a year of Service is defined as one thousand (1,000) compensated hours or, if more favorable, as otherwise defined under the rules existing prior to January 1, 2017. 2778 On or after January 1, 2017, a year of Service is equal to two thousand (2,000) compensated hours, prorated as applicable.
Definition of Year of Service. A year of service shall be defined as working in contract paid status (including as a long- term substitute) for two-thirds or more of the number of days in the work year.

Related to Definition of Year of Service

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • Years of Service Any teacher placed on such leave may engage in teaching or any other occupation during such period, may be eligible for unemployment insurance if otherwise eligible for such compensation under the law, and such leave will not result in a loss of credit for years of service in the School District earned prior to the commencement of such leave.

  • Application of Earnings Each Borrower undertakes with the Lenders that any funds from time to time credited to, or standing to the credit of, its Earnings Account shall, unless and until an Event of Default shall have occurred and is continuing (whereupon the provisions of Clause 17.1 shall apply), be available for application in the following manner:

  • Computation Period Interest on the Loans and all other amounts payable by Borrower hereunder on a per annum basis shall be computed on the basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such calculation would result in a usurious rate, in which case interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid shall be included unless repayment is credited prior to the close of business on the Business Day received. Each determination by Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Break in Service No absence under any paid leave provisions of this Article shall be considered as a break in service for any employee who is in paid status, and all benefits accruing under the provisions of this Agreement shall continue to accrue under such absence.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Cessation of Service The option term specified in Paragraph 2 shall terminate (and this option shall cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable:

  • Hours of Service The minimum number of Hours of Service an Employee must complete during a vesting computation period to receive credit for a Year of Service is: (Choose (c) or (d)) [X] (c) 1,000 Hours of Service.

Time is Money Join Law Insider Premium to draft better contracts faster.