Service Factor definition

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 means the Participant’s resignation (i) at or after attaining age 55 and (ii) following the Participant’s continuous service with the Company or any of its Subsidiaries and Affiliates for at least ten (10) years, or such other resignation by the Participant that is deemed by the Committee to be an achievement of the Service Factor, provided that the Participant provides the Company a six (6)-month written notice of the Participant’s intent to resign.

Examples of Service Factor in a sentence

• The scale of benefits mentioned herein shall be in accordance with the following scale: Service Factor Benefit Duration (per year) 3 mos.

• Service Factor Service Credit 3 months - 4 years 10 weeks 4 - 10 years 26 weeks 10 years and up 52 weeks The provisions of this clause shall be restricted to a maximum accumulation of fifty-two (52) weeks on any claims.

• The greater of (i) the amount determined under Section 4.2(a) above or (ii) the Protected Minimum Vested Accrued Benefit equal to the Protected Participant’s { (High-Five Average Compensation as of June 28, 2008 × 50%) less Offset Amount } × Service Factor × Vested Percentage.

• Cost of Service Factor: Comprised of the Company's cost of capital, cost of depreciation, property tax, state and federal income tax and insurance.

• The greater of (i) the amount determined under Section 4.3(a) above or (ii) the Protected Benefit equal to the Protected Participant’s { (Ten-Year Final Average Compensation × 50% ) less Offset Amount } × Service Factor × Vested Percentage.

More Definitions of Service Factor

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.

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 rating on a motor to indicate an increased horsepower capacity beyond nominal nameplate capacity for occasional overload conditions.

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 voluntary winding-up or the date on which an order is made for the compulsory winding-up of the Company 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).

Service Factor means a multiplier that, when

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. The percentage of the Nominal Capacity that can effectively be used owing to restrictions of a temporary operational nature and those connected with the maintenance of the Polyduct and its related and complementary installations, calculated for a specific period during which consideration should be made of the effects of the non-availability of mechanical equipment, line maintenance schedules and the number of days involved. For the other Services, this is the percentage of the Nominal Capacity that can effectively be used owing to restrictions of a temporary operational nature and those connected with the maintenance of tanks, Platforms and their related and complementary installations, calculated for a specific period during which consideration should be made of the effects of the non-availability of mechanical equipment, line maintenance schedules and the number of days involved. Service Rates: Jointly, the Product Transport Rate, the Product Storage Rate, the Tank Truck Product Loading Rate and the Portside Product Unloading Rate, which will be defined and updated under the terms provided in the regulations, and failing this, by the provisions of this Contract.