Minimum Qualifying Hours definition

Minimum Qualifying Hours means 1,252 hours in the 2008 calendar year or, in the case of an employee commencing employment after January 1, 2008, 1,252 hours in the 2008 calendar year, factored down by a fraction, the numerator of which is calculated as (365 – the number of days in 2008 prior to the commencement of employment) and the denominator of which is 365. By way of example, in the case of a Salaried Employee commencing employment on January 15, 2008, the Minimum Qualifying Hours would be 1,252 x (365-14) / 365 = 1,204.
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Minimum Qualifying Hours means 1,252 hours in the 2009 calendar year or, in the case of an employee commencing employment after January 1, 2009, 1,252 hours in the 2009 calendar year, factored down by a fraction, the numerator of which is calculated as (365 – the number of days in 2009 prior to the commencement of employment) and the denominator of which is 365. By way of example, in the case of a Salaried Employee commencing employment on January 15, 2009, the Minimum Qualifying Hours would be 1,252 x (365-14) / 365 = 1,204.
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Minimum Qualifying Hours means 1,252 hours in the 2010 calendar year or, in the case of an employee commencing employment after January 1, 2010, 1,252 hours in the 2010 calendar year, factored down by a fraction, the numerator of which is calculated as (365 – the number of days in 2010 prior to the commencement of employment) and the denominator of which is 365. By way of example, in the case of a Salaried Employee commencing employment on January 15, 2010, the Minimum Qualifying Hours would be 1,252 x (365-14) / 365 = 1,204.
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Related to Minimum Qualifying Hours

  • the qualifying period means the period of 12 years immediately preceding the date of publication of the advertisements referred to in paragraph (A)(iv) above or of the first of the two advertisements to be published if they are published on different dates; and

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Qualifying year means the calendar year to which the qualifying certificate applies.

  • Eligibility Waiting Period means the continuous length of time you must be in Active Employment in an eligible class to reach your Eligibility Date.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Qualifying Service means one year or more of continuous service and residence away from the home country and the country of nationality of a staff member, or the country where the staff member has acquired permanent resident status.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Eligibility period means the period in which a business may

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.