Participation Service definition

Participation Service means the period or periods that a person is paid or is entitled to payment for performance of duties with the Company and Affiliate. For purposes of vesting, Participation Service begins on the date the Participant begins participating in the Plan and ends on the date of the Participant’s severance from employment with the Company and all Affiliates, each as determined by the Committee in its sole discretion; provided, however, that the Participation Service of a Participant who was employed by the Company on January 1, 2005 and who became a participant in the Plan during 2005 shall begin on January 1, 2005. Only full years of Participation Service with the Company or an Affiliate shall be counted under the Plan If a Participant is transferred from one Affiliate (including the Company) to another Affiliate (including the Company), his Participation Service shall not be interrupted and he shall continue to be in Participation Service for purposes of vesting. The employment records of the Company or Affiliate shall be conclusive for all determinations of Participation Service.
Sample 1
Participation Service means the completion of thirty days in compensated service determined from the Employee’s date of hire. Compensated service shall include any hours the Employee is on a leave of absence granted by the Participating or Affiliated Company with or without pay and shall include back pay, irrespective of mitigation or damages, awarded or agreed to be paid to him by a Participating or Affiliated Company.
Sample 1
Participation Service means any 12 month period determined from the Participant's date of inclusion in the Plan or anniversary thereof during which he completes at least 1,000 Hours of Service for the Employer regardless of Employment Classification. A Participant who is permanently and totally disabled within the meaning of Internal
Sample 1

Examples of Participation Service in a sentence

  • The Employee shall be permitted to perform services as required under the Hospitalist Participation Service Agreement, and provided, further that the Employee may participate as a member of the board of directors or advisory board of other entities and in professional organizations and civic and charitable organizations so long as any such positions are disclosed to the Board and do not materially interfere with the Employee’s duties and responsibilities to the Employer.

  • An individual completes one year of Participation Service on the last day of the twelve-consecutive month period beginning with the individual’s Employment Commencement Date or beginning with anniversaries of such Employment Commencement Date during which such individual completes 1,000 Hours of Service.

  • Subject to the remaining Paragraphs of this Section, an individual shall be credited with Participation Service in an amount equal to his aggregate Periods of Service whether or not such Periods of Service are completed consecutively.

  • However, Plan Participation Service, used for the purpose of calculating each participant’s benefit under the legacy final-average-pay formula of the Marathon Retirement Plans, was frozen as of December 31, 2009.

  • An individual completes one year of Participation Service on the last day of the Employment Year during which he completes 1,000 Hours of Service.

  • Each Employee who has attained age twenty-one (21) and completed one (1) Year of Participation Service shall be eligible to participate in the Plan.

  • Each Eligible Employee who is a Part Time Employee or Temporary Employee and whose Employment Commencement Date occurs on or after the Effective Date shall become a Member and participate in the Plan on the first Entry Date coincident with or next following the later of the date on which such Employee completes one year of Participation Service or the date on which such Employee attains the age of twenty-one.

  • Each Employee of a Participating Company shall be eligible to become a Participant as of the first day of any month after having completed his Participation Service.

  • Participation, Service and Vesting243.1 Date of Participation243.2 Duration243.3 Transfers243.4 Service243.5 Vesting253.6 Forfeiture of Contingent Interests27Article 4.

  • Each Eligible Employee shall become a DMG Participant upon the Entry Date coincident with or next following the date on which such Eligible Employee has completed one year of Participation Service.


More Definitions of Participation Service

Participation Service means the earlier of
Sample 1
Participation Service means a period of service used for determining eligibility to receive a Company Contribution of 2.5% (or of 3% for former members of The Alliance Savings Plan).
Sample 1
Participation Service. The period of service described in Subsection 2.1 of the Plan Instrument.
Sample 1
Participation Service means the combined period of participation in this Plan, a Predecessor Plan, and the Insured Option Plan maintained by ADESA Corporation between March 6, 1998, and March 5, 2001. "Participation Service" also includes, in the case of certain Employees, prior service with ALLETE Corporation or Automotive Finance Corporation, to the extent determined by the Administrator and communicated to the Employee in writing at the time he becomes a Participant.
Sample 1
Participation Service means a Participant’s period (or periods) of Credited Service during which the person is a Participant hereunder.
Sample 1
Participation Service means the completion of thirty (30) days compensated service in a salaried position determined from the Employee's date of hire. Participation Service shall be determined and reported by the Company. Compensated service shall include any hours the Employee is on a leave of absence granted by the Company or an Affiliated Company with or without pay and shall include back pay, irrespective of mitigation or damages, awarded or agreed to be paid to him by the Company or an Affiliated Company.
Sample 1

Related to Participation Service

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Participation Facility means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Participation Notice has the meaning set forth in Section 4.2;

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participating student means a student in kindergarten through

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Index and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 12 March 2018 is 100% (in any case, it will not be below 80%).

  • Effective date of participation means July 1, 1968, except with

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Participating Share or “Share” means the Participating Shares of no par value in the

  • Swingline Participation Amount as defined in Section 2.7(c).