Initial Stability Period definition

Initial Stability Period or “ISP” means the 12-month period a Variable Employee may be eligible for coverage under the Plan after completion of an IMP. The Variable Employee remains eligible for benefits during the entire ISP, regardless of the number of hours worked and applicable leave, as long as the Variable Employee remains in active employee status with the Employer. A Variable Employee’s ISP begins the first of the month following a 30-day administrative period.

Initial Stability Period means the period of time beginning immediately after the Initial Administrative Period, and ending 12 months later or on the first day of the first standard stability period applicable to the Employee, if longer.

Initial Stability Period means the 12-month period beginning on the first day of the second calendar month after the end of the Initial Measurement Period.

Examples of Initial Stability Period in a sentence

• Coverage will be effective on the first day of the Initial Stability Period.

• The Initial Administrative Period begins immediately following the end of the Initial Measurement Period and ends immediately before the start of the Initial Stability Period but is no longer than one (1) month plus a fractional month.

• Make changes to coverage for the next plan year.• If employee loses eligibility, coverage continues until the end of his Initial Stability Period or Stability Period.• If employee is newly eligible, may enroll in benefits during the October enrollment period.

• A one-month Initial Administrative Period shall follow the end of the Initial Measurement Period and a twelve-month Initial Stability Period shall follow the end of the Initial Administrative Period, subject to the regulations.

• This period begins immediately following the end of the Initial Measurement Period and ends immediately before the start of the Initial Stability Period (ISP).

More Definitions of Initial Stability Period

Initial Stability Period means the minimum period of time during which medical coverage must be offered to an employee who was previously a Variable Hour Employee and has been determined to be an Eligible Employee. The Initial Stability Period may not be shorter in duration than the Initial Measurement Period.

Initial Stability Period means, with respect to a contract employee, the 12-month period beginning on the first day of the next month following the end of the Initial Measurement Period (i.e., 13-and-a-fraction months after the employee’s hire date).

Initial Stability Period means, with respect to a New Employee that is a Part-Time Employee, Seasonal Employee, or Variable-Hour Employee, the period described in Section 2.6 of this Policy.

Initial Stability Period means the 12-month period beginning immediately after your Initial Administrative Period.

Initial Stability Period means the first day of the month following the Initial Administrative Period and concluding on the last day of the twelfth month thereafter. Example: Bert, who started work on February 12, 2015, will have an Initial Stability Period from April 1, 2016 through March 31, 2017.

Initial Stability Period means the period of time beginning immediately after the Initial Administrative Period, and ending twelve (12) months later.

Initial Stability Period means a period selected by an Applicable Large Employer member that immediately follows, and is associated with, an Initial Measurement Period (and, if elected by the Employer, the Initial Administrative Period associated with that Initial Measurement Period), and is used by the Applicable Large Employer member as part of the look- back measurement method in § 54.4980H–3(d).