Predecessor Employer. A Predecessor Employer is an employer that previously employed one or more of the Employees.
Predecessor Employer. A Predecessor Employer within the meaning of Code Section 414(a)(1) which requires that an Employee be credited for service with prior employers under certain circumstances.
Predecessor Employer. Predecessor Employer means a former employer with respect to a participant in a plan maintained by an employer if the employer maintains a plan under which the participant had accrued a benefit while performing services for the employer, but only if that benefit is provided under the plan maintained by the employer. For this purpose, the formerly affiliated plan rules in Treas. Reg. §1.415(f)-1(b)(2) apply as if the Employer and Predecessor Employer constituted a single employer under the rules described in Treas. Reg. §§1.415(a)-1(f)(1) and (2) immediately prior to the cessation of affiliation (and as if they constituted two, unrelated employers under the rules described in Treas. Reg. §§1.415(a)-1(f)(1) and (2) immediately after the cessation of affiliation) and cessation of affiliation was the event that gives rise to the predecessor employer relationship, such as a transfer of benefits or plan sponsorship. With respect to an Employer of a Participant, a former entity that antedates the Employer is a Predecessor Employer with respect to the Participant if, under the facts and circumstances, the Employer constitutes a continuation of all or a portion of the trade or business of the former entity.
Predecessor Employer. 1.44(A) Predecessor Employer Service. 1.56(B) Predecessor Plan. 1.44(B) Predecessor Plan Service. 1.56(B)
Predecessor Employer. A “Predecessor Employer” is an Employer which formerly employed Employees of a Participating Employer and service with which is credited for purposes of eligibility to become a Covered Employee as provided in Section 3.1, and includes any Employer named as a Predecessor Employer pursuant to Section 3.1(b)(2). Effective on and after January 1, 2001, “Predecessor Employer” shall also include any Employer from which a Participating Employer or Related Employer purchases assets if Employees of the Employer whose assets are purchased become Employees of a Participating Employer or Related Employer on account of that purchase. The Administrator shall determine whether or not an Employer is a Predecessor Employer.
Predecessor Employer. An employer that previously employed the Employees of the Employer. See Sections 2.06 (eligibility), 3.07(b) (allocation conditions) and 6.07 (vesting) for the rules regarding the crediting of service with a Predecessor Employer.
Predecessor Employer. For purposes of Code §415 and Regulations promulgated thereunder, a former employer is a predecessor employer with respect to a Participant in the Plan maintained by the Employer if the Employer maintains the Plan under which the Participant had accrued a benefit while performing services for the former employer (for example, the Employer assumed sponsorship of the former employer’s plan, or the Plan received a transfer of benefits from the former employer’s plan), but only if that benefit is provided under the Plan maintained by the Employer. In applying the limitations of Code §415 to a Participant in the Plan maintained by the Employer, the Plan must take into account benefits provided to the Participant under plans that are maintained by the predecessor employer and that are not maintained by the Employer; the Employer and predecessor employer constituted a single Employer under the rules described in Regulation §1.415(a)-1(f)(1) and (2) immediately prior to the cessation of affiliation (as if they constituted two, unrelated employers under the rules described in Regulation §1.415(a)-1(f)(1) and (2) immediately after the cessation of affiliation) and cessation of affiliation was the event that gives rise to the predecessor employer relationship, such as a transfer of benefits or plan sponsorship. However, with respect to the Employer of the Participant, a former entity that antedates the Employer is a predecessor employer with respect to the Participant if, under the facts and circumstances, the Employer constitutes a continuation of all or a portion of the trade or business of the former entity. This occurs where formation of the Employer constitutes a mere formal or technical change in the employment relationship and continuity otherwise exists in the substance and administration of the business operations of the former entity and the Employer.
Predecessor Employer. If the Employer maintains a plan previously maintained by a business entity that is merged with or becomes an Affiliate of the Employer, then Eligibility Service that would have been earned by persons employed by such predecessor employer had the rules of this Plan been in effect, shall be counted as Eligibility Service under this Plan.
Predecessor Employer. If the Employer maintains the Plan of a Predecessor Employer, service as a common law employee for such Predecessor Employer shall be treated as service for the Employer. If the Predecessor Employer was not a corporation, Years of Service shall not include service with the Predecessor Employer as a partner or sole proprietor unless the Employer shall designate otherwise in the Adoption Agreement. If the Predecessor Employer did not maintain a plan or maintained a plan that has been terminated. Years of Service under this Plan shall not include service with the Predecessor Employer unless the Employer shall designate otherwise in the Adoption Agreement.
Predecessor Employer. Service with the following Predecessor Employer(s): shall be counted for purposes of (place an "X" in the blank before the item selected) eligibility, _____ Years of Service, and _____ vesting (Covered Years of Service).
