Examples of Stability Period in a sentence
Such coverage, if elected, will be effective on the first day of the Plan’s Ongoing Employee Stability Period.
Any Employee who averages 30 Hours of Service per week during the Plan’s Standard Measurement Period (“Ongoing Employees”) will be eligible for coverage under the Plan during the Plan’s next Ongoing Employee Stability Period to the extent that the Ongoing Employee remains employed, subject to the Plan’s Break in Service rules.
Note: if there is a gap between the end of the Qualifying Part-time Employee’s New Employee Stability Period and the start of the Qualifying Part-time Employee’s first Ongoing Employee Stability Period (see below), the Qualifying Part-time Employee will remain eligible under the Plan until the day preceding the start of the Ongoing Employee Stability Period to the extent the employee remains employed, subject to the Plan’s Break in Service rules.
If a Qualifying Part-time Employee transfers to a Regular Full-time Employee position prior to the start of the Qualifying Part-time Employee’s New Employee Stability Period, the Employee will become eligible for coverage.
A Qualifying Part-time Employee will remain eligible throughout the New Employee Stability Period to the extent that the employee remains employed, subject to the Plan’s Break in Service (as defined by the Plan) rules.