Standard Stability Period definition

Standard Stability Period or “SSP” means the 12-month period of time the Employees may be eligible for coverage under the Plan after completion of a SMP. An Employee remains eligible for benefits during the entire SSP, regardless of the number of hours worked and applicable leave, as long as the Employee remains in active employee status with the Employer. The SSP begins each January 1st, which is the 1st of the month following a 90-day administrative period.
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Standard Stability Period means the 12-month period immediately following the end of a Standard Measurement Period and Standard Administrative Period.
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Standard Stability Period means the Plan Year immediately following the end of a Standard Measurement Period and Standard Administrative Period.
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Examples of Standard Stability Period in a sentence

  • This period begins immediately following the Standard Measurement Period and ends immediately before the Standard Stability Period.

  • Standard Measurement Period: Standard Stability Period: Administrative Period: For determining full-time employee status for new variable hour, seasonal or part-time employees, the length of all three periods must be defined.

  • If such Variable Hour Employee did not average 30 or more hours during the Standard Measurement Period, the Standard Stability Period is the period in which s/he would not be eligible for coverage.

  • Coverage will become effective as of the first day of the next following Standard Stability Period (i.e., July 1).Ongoing Team Members who fail to average 30 or more Hours of Service per week during the Standard Measurement Period are not eligible to enroll and will not be offered coverage during the Standard Stability Period.

  • Standard Administrative Period "Standard Administrative Period" means the period between the last day of the Employee's Standard Measurement Period and the first day of Employee's Standard Stability Period during which the Plan Administrator will (i) determine the average hours that the Variable Hour Employee worked during the Initial Measurement Period, and (ii) conduct open enrollment.


More Definitions of Standard Stability Period

Standard Stability Period means the period of time during which an employee is eligible for medical coverage under the Plan. The Standard Stability Period may not be shorter in duration than the Standard Measurement Period.
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Standard Stability Period means the period described in Section 2.3 of this Policy.
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Standard Stability Period means the Twelve (12) month period beginning on January 01 of each year and ending December 31 of each year, which period may overlap the initial stability period for each Variable Employee.
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Standard Stability Period means the 12-month period measured from January 1.
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Standard Stability Period means the calendar year (January 1-December 31) after each Standard Measurement Period.
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Standard Stability Period means the twelve (12) month period immediately following the Standard Administrative Period that applies to Ongoing Employees. The Standard Stability period is from January 1 to the next following December 31. Example: The first Standard Stability Period for Bert, who started work on February 12, 2015, will run from January 1, 2017 through December 31, 2017.
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Standard Stability Period means the calendar year (January 1 – December 31), which is the period of time during which an individual who was determined to be full-time during the immediately preceding Standard Measurement Period will be eligible for health benefits.
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