Eligibility Year definition

Eligibility Year. (s) of Service" shall mean the twelve (12) consecutive month period commencing on an Employee's Employment Commencement Date and anniversaries thereof, during which the Employee completed at least one thousand (1,000) Hours of Service (or such lesser number of Hours of Service specified in the Adoption Agreement). In the case of a Participant who does not have any nonforfeitable right to the Accrued Benefit derived from Employer contributions, Eligibility Years of Service before a period of consecutive one (1) year Service Breaks will not be taken into account in computing Eligibility Years of Service if the number of consecutive one (1) year Service Breaks in such period equals or exceed the greater of five (5) or the aggregate number of eligibility Years of Service. Such aggregate number or Eligibility Years of Service will not include any Eligibility Year of Service disregarded under the preceding sentence by reason of prior Service Breaks. Notwithstanding the above, if the Adoption Agreement provides for full and immediate vesting upon completion of the eligibility requirements and an Employee has incurred a one (1) year Service Break before satisfying the Plan's eligibility requirements, all Eligibility Year(s) of Service before such Service Break will not be taken into account. If the elapsed time method of crediting service is specified in the Adoption Agreement, an Employee shall receive credit for service, except for credit which may be disregarded under this Section or Section 2.3, for the aggregate of all time periods commencing on his Employment Commencement Date or Re-Employment Commencement Date and ending on his Severance from Service Date. An Employee shall also receive credit for any Period of Severance of less than twelve (12) months. Fractional periods of a year shall be expressed in terms of days.

Eligibility Year. (s) of Service" shall mean the twelve (12) consecutive month period commencing on an Employee's Employment Commencement Date and anniversaries thereof, during which the Employee worked at least one thousand (1,000) Hours of Service (or such lesser number of Hours of Service specified in the Adoption Agreement).

Eligibility Year means an applicable eligibility period (as defined below) in which the Eligible Employee has completed 1,000 Hours of Service for the Employer. For this purpose:

Examples of Eligibility Year in a sentence

• An Eligible Employee shall enter the Plan as of the Entry Date coincident with or next following the last day of the Eligible Employee’s first Eligibility Year and attainment of age 21.

• If more than 1 Eligibility Year of Service is required, Participants must be 100% immediately vested.

• An "Eligibility Year" means an applicable eligibility period (as defined below) in which the Employee has completed 1,000 Hours of Service for the Employer.

• For Employer Discretionary Contributions, in order to be credited with an Eligibility Year of Service, an Employee shall complete [....] (not to exceed 1,000) Hours of Service.

• Such Eligibility Year of Service will be measured by the twelve (12) consecutive month period beginning on the Employee's Re-Employment Commencement Date and, if necessary, subsequent twelve (12) consecutive month periods beginning on anniversaries of the Re-Employment Commencement Date.

More Definitions of Eligibility Year

Eligibility Year means 365 days of Eligibility Service (whether or not continuous).

Eligibility Year means a credit awarded as follows, subject to Article VI:

Eligibility Year means with respect to a Date of Grant the most recently ended fiscal year of the Company.

Eligibility Year means an applicable eligibility period (as defined below) in which the Employee has at least 1,000 Hours of Service. For this purpose,

Eligibility Year means the attainment of age 18 and the completion of at least 1,000 Hours of Service during 12 consecutive months of service with the Employer. The calculation of the initial 12 month period shall begin on the Employee's Employment Commencement Date, and each successive 12 month period shall begin on the Anniversary Date of the Plan following the Employee's Employment Commencement Date.

Eligibility Year means an applicable eligibility period (as defined below) in which the Employee has completed 1,000 hours of service or has worked at least 500 hours during three consecutive 12-month periods beginning on January 1, 2021. For this purpose, an Eligible Employee’s first “eligibility period” is the 12-consecutive month period beginning on the first day on which the Participant has completed an Hour of Service; and his or her subsequent eligibility periods will be 12-consecutive month periods beginning on each January 1 after the first day of service.

Eligibility Year means an applicable eligibility period (as defined below) in which the Eligible Employee has completed 1,000 Hours of Service for the Employer. For this purpose, an Eligible Employee’s first “eligibility period” is the 12-consecutive month period beginning on the first day on which he has an Hour of Service, and subsequent eligibility periods shall commence on the first anniversary of the date on which the Employee first completed an Hour of Service for the Employer.