Elapsed Time shall be defined as the time period between the start of the faculty member’s first assignment and the end of the faculty member’s last assignment on any day.
Elapsed Time. A method of determining an Employee’s entitlement under the Plan with respect to eligibility to participate, as well as vesting, which is not based on the Employee’s completion of a specified number of Hours of Service during a consecutive twelve (12) month period, but rather with reference to the total period of time which elapses during which the Employee is employed by the Employer maintaining the Plan. If the Employer is a member of an affiliated service group [under Code Section 414(m)], a controlled group of corporations [under Code Section 414(b)], a group of trades or businesses under common control [under Code Section 414(c)] or any other entity required to be aggregated with the Employer pursuant to Code Section 414(o), Service will be credited for any employment for any period of time for any other member or such group. Service will also be credited for any individual required under Code Section 414(n) or Code Section 414(o) to be considered an Employee of any Employer aggregated under Code Section 414(b), (c) or (m).
Elapsed Time method is specified in the Adoption Agreement, a Participant shall be treated as completing more than 500 Hours of Service during such Plan Year for purposes of this section 2.2 if, during such Plan year, the Participant completes more than
Examples of Elapsed Time in a sentence
The Plan has a Service requirement of less than one (1) year or uses the Elapsed Time method to determine eligibility.
Under the Elapsed Time method, an Employee receives credit for the aggregate period of time worked for the Employer commencing with the Employee's first day of employment (or reemployment, if applicable) and ending on the date the Employee begins a Period of Severance which lasts at least 12 consecutive months.
For purposes of applying the Elapsed Time method, a Period of Severance is any continuous period of time during which the Employee is not employed by the Employer.
The Employer in its Adoption Agreement may elect to require a Participant to complete during a Plan Year 501 Hours of Service (or to be employed for at least 91 consecutive calendar days under the Elapsed Time Method) to share in the allocation of Employer Contributions for that Plan Year where the Participant is not employed by the Employer on the last day of that Plan Year, including the Plan Year in which the Employer terminates the Plan.
Unless the Employer elects to use the Elapsed Time method under AA §8-5(c), vesting Years of Service will be determined based on an Employee’s Hours of Service earned during the Vesting Computation Period.
More Definitions of Elapsed Time
Elapsed Time means the total "Period of Service" which has elapsed between a Participant's Employment Commencement Date or Reemployment Commencement Date with the Employer and "Date of Severance (Termination)" by the Employer, including "Periods of Severance" where a "One-Year Period of Severance" does not occur.
Elapsed Time means the time that has elapsed between the Support Request and the Support Resolution, less any time where IMCeSIM was waiting on the Customer or a third-party, to provide additional information, or, as appropriate, a consequential fault diagnosis or resolution.
Elapsed Time method. [See Section 3.2.] For purposes of determining whether a Participant is entitled to an allocation of contributions or forfeitures, the Participant will be deemed to have completed more than 500 Hours of Service in a Plan Year if the Participant completes the following period of employment in the Plan Year: STANDARD: more than 91 consecutive calendar days.
Elapsed Time based Network Applications without a DAP or with a DAP less than one tenth (1/10) of the DAP Threshold per minute of use (prorated) (e.g., a game application that can be played for a maximum of 60 minutes). [* * *] per minute of use (prorated) per end user subscriber with such Network Application. Payable in full each time (i) an end user subscriber downloads the Network Application or (ii) such Application is pre-loaded onto a BREW Device. "Number of Uses" based Network Applications without a DAP or with a DAP less than one tenth (1/10) of the DAP Threshold per use (prorated) (e.g., a stock trading application that allows the user to make 3 stock trades). [* * *] per use (prorated) per end user subscriber with such Network Application. Payable in full each time (i) an end user subscriber downloads the Network Application or (ii) such Application is pre-loaded onto a BREW Device. "Expiration Date" based Network Applications without a DAP or with a DAP less than the DAP Threshold per month (prorated) (e.g., a game application that expires on a specified date). [* * *] per month (prorated) per end user subscriber with such Network Application. Payable in full each time (i) an end user subscriber downloads the Network Application or (ii) such Application is pre-loaded onto a BREW Device. All other Network Applications (other than "Subscription" based Applications) without a DAP or with a DAP less than four (4) times the DAP Threshold (e.g., a global positioning system (GPS) application that allows for unlimited use). [* * *] per end user subscriber with such Network Application. Such fee will be payable each time (i) an end user subscriber downloads the Application or (ii) such Application is pre-loaded onto a BREW Device.
Elapsed Time. The following definitions should replace the otherwise required Year of Service, Break-In-Service and Hour of Service definitions if the Employer has selected the use of the Elapsed Time method of credited service in Section II.B.4.e. of the Adoption Agreement. For purposes of determining an Employee's initial or continued eligibility to participate in the Plan or the nonforfeitable interest in the Participant's account balance derived from Employer contributions, an Employee will receive credit for the aggregate of all time period(s) commencing with the Employee's first day of employment or reemployment and ending on the date a Break-In-Service begins. The first day of employment or reemployment is the first day the Employee performs an Hour of Service. An employee will also receive credit for any period of severance of less than 12 consecutive months. Fractional periods of a year will be expressed in terms of days. For purposes of this section, Hour of Service shall mean each hour for which an ------------------------------------------------------------------------------- ARTICLE II -- Definitions Page 8 Basic Plan Document #03 - Defined Benefit ----------------------------------------- employee is paid or entitled to payment for the performance of duties for the Employer. Break-In-Service is a period of severance of at least 12 consecutive months. Period of severance is a continuous period of time during which the Employee is not employed by the Employer. Such period begins on the date the Employee retires, quits or is discharged, or if earlier, the 12 month anniversary of the date on which the Employee was otherwise first absent from service. In the case of an individual who is absent from work for maternity or paternity reasons, the 12-consecutive month period beginning on the first anniversary of the first date of such absence shall not constitute a Break-In-Service. For purposes of this paragraph, an absence from work for maternity or paternity reasons means an absence
(1) by reason of the pregnancy of the individual,
(2) by reason of the birth of a child of the individual,
(3) by reason of the placement of a child with the individual in connection with the adoption of such child by such individual, or
(4) for purposes of caring for such child for a period beginning immediately following such birth or placement. Each Employee will share in Employer contributions for the period beginning on the date the Employee commences participation under the Plan...
Elapsed Time means a method of determining an Employee’s entitlement under the Plan with respect to vesting, which is not based on the Employee’s completion of a specified number of Hours of Service during a consecutive twelve month period, but rather with reference to the total period of time which elapses during which the Employee is employed by the Employer.
Elapsed Time method. [See Section 3.2.] For purposes of determining whether a Participant is entitled to an allocation of contributions or forfeitures, the Participant will be deemed to have completed more than 500 Hours of Service in a Plan Year if the Participant completes the following period of employment in the Plan Year: [Check one. See Section. 2.2(d) and Part VII.]
a. [ ] STANDARD: more than 91 consecutive calendar days, b. [ ] more than 3 consecutive months.