Examples of Credited Future Service in a sentence
F2.02 Credited Prior Service -- Each Towboat Employee shall be credited with the Credited Past Service and the Credited Future Service earned under the Towboat Operators Plan as of November 30, 2000.
The Accrued Benefit for each employee in the service of the Company on or after January 1, 1991 will be equal to $20.00 per month for each year of Credited Past Service and $25.00 per month for each year of Credited Future Service.
Notwithstanding the above, an employee who retires or dies on or after January 1, 2002 will be eligible for the accrued benefit of $43.00 per month for each year of Credited Future Service between January 1, 1991 and the date of retirement and death.
Compensated hours of service for Credited Future Service after January 1, 1991 shall include paid vacation, paid holidays, paid sick leave, up to 17 weeks for maternity leave, up to 10 weeks parental leave, up to 26 weeks while entitled to Weekly Disability benefits, up to 26 weeks while entitled to Workers Compensation benefits, overtime (at straight time) and the first thirty days of any Company approved leave of absence and for all time spent on Union business reimbursed to the Company.
The Accrued Benefit for each employee in the service of the Company on or after January 1, 1991 will be equal to $20.00 per month for each year of Credited Past Service and $26.00 per month for each year of Credited Future Service.