Qualified Years definition

Qualified Years. As used herein, the term “qualified years”, with respect to any employee, shall refer to the number of consecutive periods, of three hundred sixty-five (365) days each, calculated backward from the date of his severance, in each of which the employee has been employed by Employer for two hundred (200) or more work days (including paid vacation days as work days), it being understood and agreed that if in any such three hundred sixty-five (365) day period such employee was employed for less than two hundred (200) work days by Employer, such three hundred sixty-five (365) day period shall not be counted as a qualified year but shall be “bridged” for displacement pay purposes, with the result that any such three hundred sixty-five (365) day period or periods prior to such “bridged” year in which employee was employed by Employer for two hundred (200) or more work days shall be counted as qualified years, provided, however, that any three hundred sixty-five (365) day period in which employee received any autho- rized leave of absence without pay shall be extended by the length of such leave, and provided, further, that the computation of qualified years shall be subject to the following exceptions: If an employee is determined to have less than two (2) qualified years, the employee shall be credited with a qualified year only if, in addition to having been employed for at least two hundred (200) or more days in the three hun- dred sixty-five (365) days immediately preceding the date of displacement, the employee shall have been employed for at least one (1) day during the first six (6) months of the eighteen (18) month period immediately preceding the date of displacement, in which case the employee shall be credited with one (1) qualified year. Sincerely, July 1,2013 ▇▇. ▇▇▇▇▇▇▇ ▇. Miller Vice President-in-Charge of the West Coast Office
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Qualified Years means any year in which a person worked at least four hundred (400) hours on which contributions were required to be paid to the Retired Employees Fund hereunder. In addition, any participant who was formerly a participant in the Film Producers/Film Craftsmen Pension Plan (“NABET Plan”) and who had earnings reported to that fund for each of the five years from 1987 through 1991, inclusive, wherein at least $8,000.00 was reported in each of four (4) out of the five (5) years, shall be credited with five (5) Qualified Years in the Retired Employees Fund hereunder.
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Qualified Years. As used herein, the term "qualified years," with respect to any employee, shall refer to the number of consecutive periods, of three hundred sixty-five (365) consecutive days each, calculated backward from the date of the employee’s severance, in each of which the employee has been employed by Producer for two hundred (200) or more work days (including paid vacation days as work days), it being understood and agreed that if in any such three hundred sixty-five (365) day period such employee was employed for less than two hundred (200) work days by Producer, such three hundred sixty-five
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Examples of Qualified Years in a sentence

  • In this case, any additional Qualified Years earned by the Participant in addition to those credited under Subsection (ii) shall only count to the extent they exceed the Qualified Years credited under Subsection (ii).

  • Such benefit and all Credited Hours and Qualified Years attributable to such benefit shall thereupon be disregarded for all purposes under this Plan.

  • In addition, if the Participant had either 18 or 28 Qualified Years at the end of the Plan Year ending in 1989, he shall be credited with an additional Qualified Year at the End of the Plan Year ending in 1991.

  • The Participants entitled to the benefits of this Section shall not be entitled to the crediting of any hours because of this Section, but only of additional Qualified Years.

  • For example, if a Participant receives additional Qualified Years in the Plan Years ending in 1990 and 1991 under Subsection (ii), Qualified Years earned in the Plan Years ending in 1992 and 1993 would not count as Qualified Years hereunder (although hours on which contributions were required to be paid and were actually paid to the Retired Employees Fund hereunder in 1992 and 1993 would be taken into account).

  • Qualified Years as of the Date of Displacement Number of Weeks of Displacement Pay Payable The payment of displacement pay, as above provided, shall be separate and apart from any obligation Producer may have to pay severance pay to such displaced person under the provisions of Article 33 hereof (“Severance Pay”).

  • In addition, if the Participant had either 18 or 28 Qualified Years at the end of the Plan Year ending in 1989, he shall be credited with an additional Qualified Year at the end of the Plan Year ending in 1991.

  • For example, if a Participant receives additional Qualified Years in the Plan Years ending in 1990 and 1991 under subsection (c), Qualified Years earned in the Plan Years ending in 1992 and 1993 would not count as Qualified Years under the Plan (although Credit Hours earned in these Plan Years would be taken into account).

  • The Participants entitled to the benefits of this section shall not be entitled to the crediting of any additional Credited Hours because of this section, but only of additional Qualified Years.

  • Qualified Years as of the Date of Displacement Number of Weeks of Displacement Pay Payable The payment of displacement pay, as above provided, shall be separate and apart from any obligation Producer may have to pay severance pay to such displaced person under the provisions of Paragraph 68 hereof ("Severance Pay").