Service Factor means the Participant’s (i) attaining the age of at least 55 and (ii) continuous service with the Company or any of its Subsidiaries and Affiliates for at least ten (10) years, or such other criteria that are deemed by the Committee to be an achievement of the Service Factor, provided, however, that, in the case of a resignation, the Participant must provide the Company with a written notice of intent to resign at least six (6) months prior to the Participant’s final day of employment with the Company.
Service Factor means the fraction of which:
Service Factor. If the Executive has 240 or more months of Service then the Service Factor shall equal one (l). At any time prior to the time when the Executive has both earned a vested benefit under the Retirement Plan and been continuously employed by an Employer for five years, the Service Factor shall be 0. Except as otherwise provided in the foregoing sentences, the Service Factor shall be a fraction, the numerator of which shall be the number of the Executive's months of Service and the denominator of which shall be 240.
Examples of Service Factor in a sentence
Enclosed Motors: Class A (50 degrees C temperature rise) insulation, 1.0 Service Factor, prelubricated ball bearings.
Open Drip-proof or Enclosed Air Over Enclosure: Class A (50 degrees C temperature rise) insulation, minimum 1.0 Service Factor, prelubricated sleeve or ball bearings, automatic reset overload protector.
Service Factor: According to NEMA MG 1, unless otherwise indicated.
Drip-proof Enclosure: Class A (50 degrees C temperature rise) insulation, NEMA Service Factor, prelubricated sleeve or ball bearings.
Drip-proof Enclosure: Class A (50 degrees C temperature rise) insulation, NEMA Service Factor, prelubricated sleeve bearings.
More Definitions of Service Factor
Service Factor means the Participant’s (i) attaining the age of at least 55 and (ii) continuous service with the Company or any of its Subsidiaries and Affiliates for at least 10 years, or such other criteria that are deemed by the Committee to be an achievement of the Service Factor, provided, however, that, in the case of a resignation, the Participant must provide the Company with a written notice of intent to resign at least six (6) months prior to the final day of employment with the Company.
Service Factor means a rating on a motor to indicate an increased horsepower capacity beyond nominal nameplate capacity for occasional overload conditions.
Service Factor means the expected operating hours of the gas turbine divided by the total hours of Steam delivered. For purposes of this agreement, service factor is defined at 0.75, unless the Parties agree to modify it.
Service Factor means a number between zero and 1 determined by dividing the number of Periods within the Vesting Period prior to the date of the Change of Control or, as the case may be, the date on which the Company passes a resolution for the winding-up of the Company or the date on which the assets of the Company are declared en désastre by the total number of Periods in the Vesting Period (provided that the Board shall have power in all cases to vary the resulting numbers, provided that it may never exceed 1).26
Service Factor means the number of months of additional service credit (18, 24 or 36) which as been assigned to each Participant pursuant to the recommendations of the Chairman and the approval of the Committee for purposes of determining the Participant's benefit under Sections 4.1(c) and (i).
Service Factor means the fraction of which the denominator is the number of days within the Performance Period (or where the Option is not subject to a Performance Target, the Vesting Period) and the numerator is the number of days within the Performance Period (or where the Option is not subject to a Performance Target, the Vesting Period) prior to the relevant date under rule 7.6 (where rule 7.5 applies) or rule 8.8 (where rule 8.7 applies). For these purposes:
Service Factor shall be as follows: 1.00 for the first month or portion thereof; 1.10 for the second month or portion thereof; and 1.25 for each month or portion thereof thereafter. Buyer agrees that the Services does not include sales, use, or like taxes ("Transaction Tax") that are legally imposed, currently or prospectively, by a Federal, State or Local Taxing Authority. Enron shall, where and when applicable, collect any Transaction Tax that is properly imposed from the Buyer when the invoice for the Services is due. Enron shall separately state the amount of the Transaction Tax, Transaction Tax rate and name of taxing authority on the invoice. Buyer may, in lieu of remitting any billed Transaction Tax, submit a properly completed and signed exemption certificate or other written evidence of exemption so long as the evidence meets requirements cited by applicable Taxing Authority. Buyer understands that the fees and charges set forth on Exhibit A are not inclusive of any such sales or use taxes which shall be separately set forth on each monthly statement.