Eligibility, Participation and Vesting Sample Clauses

Eligibility, Participation and Vesting. Except as provided in this subsection, the rules for eligibility, participation and vesting as described in the National Fund Plan Documents shall be used to determine the eligibility, participation and vesting rules of the VAPP. An employee who was a participant in the National Fund shall receive eligibility (including eligibility for benefit options), participation and vesting credit under the VAPP for service completed in covered employment and credited under the National Fund and it is the intent of the Company and the Local Unions that the National Fund shall provide an employee who is a participant in the VAPP with eligibility (including eligibility for benefit options), participation and vesting credit under the National Fund for service completed in covered employment and credited under the VAPP. However, with respect to any employee who was not a participant in the National Fund on or before June 30, 2020, such employee must attain age 21 to become a participant in the VAPP; provided that, for the term of any CBA in effect on June 30, 2020 that provides an earlier minimum age, such CBA minimum age shall apply in lieu of age 21. Any employee who becomes a participant upon attaining age 21 shall receive participation service for purposes of paragraph 5.1(b) above, and service for consecutive years of service completed in covered employment prior to attaining age 21 for eligibility and vesting purposes. If such employee subsequently becomes fully vested in the VAPP such employee shall receive credited service for benefit accruals earned after June 30, 2020 (provided that employer contributions for covered employment by such employee were required to be made to the VAPP pursuant to CBAs in effect as of July 1, 2020). All reciprocity rules and agreements in place with the National Fund as of June 30, 2020 shall be deemed adopted by the VAPP Board of Trustees and shall apply on and after July 1, 2020 for purposes of determining eligibility to participate and vesting credit in the VAPP.
Sample 1
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Related to Eligibility, Participation and Vesting

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  • Broad Participation Retirement Fund A fund established in The Bahamas to provide retirement, disability, or death benefits, or any combination thereof, to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that the fund:

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  • Conditions of Participation Reseller(s) must be approved in advance by the State as a condition of eligibility under the Contract. The State also reserves the right to rescind any such participation or request that Contractor name additional Resellers, in the best interests of the State, at the State’s sole discretion, at any time. Contractor shall have the right to qualify Reseller(s) and their participation as fulfillment agents under this Contract by product line, contracting program (e.g., government/educational sales), geographic region, size/sales volume, technical training or other criteria (“qualifying criteria”), provided that: i) such qualifying criteria are uniformly applied to all potential Resellers based upon Contractor’s established, neutrally applied commercial/governmental program criteria, and not to a particular procurement; ii) all general categories of qualifying criteria must be disclosed by the Contractor to the State, in advance, at the beginning of the Contract term; iii) those qualifying criteria met by the Reseller must be identified on the form provided in Attachment 3 at the time that Reseller approval is requested under this paragraph; and iv) immediate advance notice is provided to OGS in the event that a change in Reseller’s status occurs during the Contract term. All Resellers who have been approved in accordance with the foregoing paragraph shall be eligible to quote lower than Contract pricing for procurements under this Contract which meet their qualifying criteria. Except as otherwise set forth in Attachment 3, Contractor warrants and represents that it shall not, directly or indirectly, by agreement, communication or any other means, restrict any Reseller’s participation or ability to quote a particular order.

  • DETERMINATION OF HUB PARTICIPATION A firm must be an eligible HUB and perform a professional or technical function relating to the project. Proof of payment, such as copies of canceled checks, properly identifying the Department’s contract number or project number may be required to substantiate the payment, as deemed necessary by the Department. A HUB subprovider, with prior written approval from the Department, may subcontract 70% of a contract as long as the DocuSign Envelope ID: 1FDB1C48-24B1-4C40-8A33-17263E465FE2 HUB subprovider performs a commercially useful function. All subcontracts shall include the provisions required in the subcontract and shall be approved as to form, in writing, by the Department prior to work being performed under the subcontract. A HUB performs a commercially useful function when it is responsible for a distinct element of the work of a contract; and actually manages, supervises, and controls the materials, equipment, employees, and all other business obligations attendant to the satisfactory completion of contracted work. If the subcontractor uses an employee leasing firm for the purpose of providing salary and benefit administration, the employees must in all other respects be supervised and perform on the job as if they were employees of the subcontractor.

  • SMALL BUSINESS PARTICIPATION AND DVBE PARTICIPATION REPORTING REQUIREMENTS a. If for this Contract Contractor made a commitment to achieve small business participation, then Contractor must within 60 days of receiving final payment under this Contract (or within such other time period as may be specified elsewhere in this Contract) report to the awarding department the actual percentage of small business participation that was achieved. (Govt. Code § 14841.)

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  • Public Participation 79. This Consent Decree shall be lodged with the Court for a period of not less than 30 Days for public notice and comment in accordance with 28 C.F.R. ' 50.7. The United States reserves the right to withdraw or withhold its consent if the comments regarding the Consent Decree disclose facts or considerations indicating that the Consent Decree is inappro- priate, improper, or inadequate. Defendant consents to entry of this Consent Decree without further notice and agrees not to withdraw from or oppose entry of this Consent Decree by the Court or to challenge any provision of the Decree, unless the United States has notified Defendant in writing that it no longer supports entry of the Decree.

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