Credited Hour definition

Credited Hour shall include any back pay award, unreduced for mitigation of damages, made to compensate a Participant in accordance with Sections 2 and 4 of Article III for periods during which the Participant would have been engaged in work for an Employer. 8Credited Hours shall be credited to the Computation Year in which such Credited Hours are worked or guaranteed, except that Credited Hours attributable to a backpay award shall be credited to the Computation year to which the award pertains rather than the Computation Year in which the award is made or paid.
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Credited Hour means a “Credited Hour” determined under the provisions of the Old Plan that was still credited to a Participant on the Effective Date.
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Credited Hour means an hour worked or a work hour guaranteed for which an Employer was required to make a contribution to this Plan in accordance with Section 2 of Article III (and, for periods ending prior to October 28, 1990, for which a Participant was required to make contributions pursuant to Section 4 of Article III); provided, however, that for periods ending prior to October 28, 1990, a “Credited Hour” shall not include any hour for which contributions are not received by the Plan if (i) the Employee fails within the following Computation Year to claim “Credited Hours” not shown on the annual report given to him by the Plan, (ii) the Employer did not withhold the required Employee contribution for such hour and the Employee failed to correct it with the Employer or (iii) the Employer failed to make the required Employer and Employee contributions for such hour and such hour was after such Employee was aware, or had reason to believe, that the Employer had failed to make such contributions for other prior hours worked or guaranteed during the same or immediately preceding employment. “Credited Hour” shall include any back pay award, unreduced for mitigation of damages, made to compensate a Participant in accordance with Sections 2 and 4 of Article III for periods during which the Participant would have been engaged in work for an Employer. 8Credited Hours shall be credited to the Computation Year in which such Credited Hours are worked or guaranteed, except that Credited Hours attributable to a backpay award shall be credited to the Computation year to which the award pertains rather than the Computation Year in which the award is made or paid.
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Examples of Credited Hour in a sentence

  • In addition to the requirements set forth above, no Employee (other than an Employee who is already a Participant on August 2, 1992) shall become a Participant until the last day of the Computation Year in which he completes a Qualified Year (or, if earlier, the July 1 following the completion of the twelve month period, starting on the date the Employee earns his first Credited Hour, during which the Employee accumulates 400 Credited Hours).

  • M-F 8am-5pm List the hours of the day and days of the week of [Caduceus's] current operating hours (e.g., M-F, 8am-5pm).

  • Each Participating Employer is required to deposit with the Trust a sum as determined by the Plan Administrator per Credited Hour for each Participant it employs.


More Definitions of Credited Hour

Credited Hour means an hour worked or a work hour guaranteed for which an Employer was required to make a contribution to this Plan in accordance with Section 2 of Article III; provided, however, that for periods ending prior to October 28, 1990, a “Credited Hour” shall not include any hour for which contributions are not received by the Plan if (i) the Employee fails within the following Computation Year to claim “Credited Hours” not shown on the annual report given to him by the Plan, or (ii) the Employer failed to make the required Employer contributions for such hour and such hour was after such Employee was aware, or had reason to believe, that the Employer had failed to make such contributions for other prior hours worked or guaranteed during the same or immediately preceding employment. “Credited Hour” shall include any back pay award, unreduced for mitigation of damages, made to compensate a Participant in accordance with Section 1 of Article III for periods during which the Participant would have been engaged in work for an Employer. Credited Hours shall be credited to the Computation Year in which such Credited Hours are worked or guaranteed, except that Credited Hours attributable to a backpay award shall be credited to the Computation Year to which the award pertains rather than the Computation Year in which the award is made or paid.
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Credited Hour means a Credited Hour 10 AMENDED—Amendment XXXI, August 23, 2000, retroactively effective December 21, 1997. AMENDED—Amendment XXXIV, February 28, 2001, retroactively effective December 26, 1999. AMENDED—Amendment XXXXIII, December 18, 2002, effective January 1, 2003. 11 ADDED—Amendment XXXIV, February 28, 2001, retroactively effective December 26, 1999. 12 AMENDED—Amendment XXXIV, February 28, 2001, retroactively effective December 26, 1999. 1993 Restated Trust Agreement (Inclusive of Amendments I through XCIII) determined under the provisions of the Pension Plan that was still credited to such Participant on the Effective Date. For this purpose Credited Hour shall not include:
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Credited Hour and "Monthly Period" are defined in the letter agreement dated September 25, 2000 among the Company, Josexx X. Xxxxx xxx Altamont Capital Management, Inc.
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Credited Hour means any hour for which:
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Credited Hour means a Credited Hour determined under the provisions of the Pension Plan that was still credited to such Participant on the Effective Date. For this purpose Credited Hour shall not include:
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Related to Credited Hour

  • Credited Service means the member's total period of service

  • STIPULATED HOURS OF SERVICE PER DAY means hours of duty per day, normal hours/timings of duty whereof shall be determined by the Company's Engineer for which fixed charge shall be payable.

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.

  • Period of Service means the aggregate of all periods of service commencing with an Employee's first day of employment or reemployment with the Employer or an Affiliated Employer and ending on the first day of a Period of Severance, or for benefit accrual purposes, ending on the severance from service date. The first day of employment or reemployment is the first day the Employee performs an Hour of Service. An Employee who incurs a Period of Severance of twelve (12) months or less will also receive service-spanning credit by treating any such period as a Period of Service for purposes of eligibility and vesting (but not benefit accrual). For purposes of benefit accrual, a Participant's whole year Periods of Service is equal to the sum of all full and partial periods of service, whether or not such service is continuous or contiguous, expressed in the number of whole years represented by such sum. For this purpose, fractional periods of a year will be expressed in terms of days.

  • Final Average Pay means, for purposes of Section 5 the average of Employee's three (3) highest years of Compensation during the ten (10) calendar year period immediately preceding the calendar year in which Employee Retires, and for purposes of determining death benefits under Section 6 the average of Employee's three (3) highest years of Compensation during the ten (10) calendar year period immediately preceding the calendar year containing Employee's date of death. The foregoing notwithstanding, any calendar year in which Employee has no Compensation from the Corporation shall be ignored in determining such ten calendar year period.

  • Accredited school means a school that is accredited by an accrediting agency, recognized according to Minn. Stat. § 123B.445 or recognized by the Commissioner of the Minnesota Department of Education (MDE).

  • Average final compensation means the average annual creditable compensation of a member during

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • completed year of service means continuous service for one year;

  • Years of Service means the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee's date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.

  • Hour of Service means:

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • accredited person means a person registered in terms of the Regulations as an electrical tester for single phase, an installation electrician or a master installation electrician, as the case may be;

  • Regular hours worked means those hours which the court is regularly scheduled to work during any given work week. Depending on the particular court, these hours may vary from court to court within the county but remain the same for each work week.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Unit of service means a half day which shall be up to 5 hours of service per 24-hour period.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Continuous period of creditable coverage means the period during which an individual was covered by creditable coverage, if during the period of the coverage the individual had no breaks in coverage greater than sixty-three (63) days.

  • Vesting Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his vested interest in his Employer Contributions Sub-Account, if Employer Contributions are provided for under either Article VI or Article XXII.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Final compensation of a member means:

  • Hours of Service means hours to be credited to an Employee under the following rules: