Mid-Career Hire definition

Mid-Career Hire means an individual hired or rehired at age 35 or older (i) into a position eligible for benefits under this Plan or (ii) who is subsequently promoted to a position eligible for benefits under this Plan.
View Source

Examples of Mid-Career Hire in a sentence

  • The amount of the Executive's pension and his eligibility for such pension will be determined pursuant to the provisions of the Company's Mid-Career Hire Pension Plan (the "Mid-Career Pension Plan"), except that the Executive will be required to complete three, rather than five, years of active employment with the Company in order to become eligible for a pension benefit under the Mid-Career Pension Plan.

  • Notwithstanding that the Executive is not vested in his benefits under the Mid-Career Hire Supplemental Plan until 1 August 1999, the Company will, for vesting purposes to that Plan only, treat the Executive as employed until the vesting date.

  • In addition, under the provisions of the Mid-Career Hire Program you will be eligible for the following benefits: Mid-Career Pension: Managers hired at age thirty-five and over at salary band D and above who retire or terminate employment at Executive level or above will be eligible for supplemental pension benefits from the AT&T Mid-Career Hire Pension Plan provided they have at least five years service credited while at or above Executive level.

  • The NCR Mid-Career Hire Supplemental Pension Plan - This plan, described in more detail in the attached summary, provides a pension supplement to make up for lost pension that could result from not having a "full career" with one company.