Substantial Period of Severance definition

Substantial Period of Severance means, in the case of any Employee or Participant who has no vested right in any portion of his Participating Employer Credits, a Period of Severance of at least 12 consecutive months which equals or exceeds his Vesting Service prior to such Substantial Period of Severance. Such Vesting Service prior to such Substantial Period of Severance will be deemed not to include any such Service disregarded under the preceding sentence by reason of any prior Substantial Period of Severance.
Sample 1Sample 2
Substantial Period of Severance means, in the case of any Employee or Participant who has no vested right in his or her Accounts, a Period of Severance which equals or exceeds the greater of (a) five years, or (b) the number of his or her Years of Service prior to such Period of Severance. Such number of Years of Service prior to such Period of Severance will be deemed not to include any such Years disregarded under Section 1.63 by reason of any prior Substantial Period of Severance.
Sample 1
Substantial Period of Severance means a Period of Severance of at least five (5) years' duration, except that in the case of an individual who is absent from work for maternity or paternity reasons, or by reason of any qualified family or medical leave under the Family and Medical Leave Act of 1993, a Substantial Period of Severance will not be deemed to have occurred until the Period of Severance has lasted as least six (6) years. For purposes of this definition, an absence from work for maternity or paternity reasons means an absence (i) by reason of the pregnancy of the individual, (ii) by reason of the birth of a child of the individual, (iii) by reason of the placement of a child with the individual in connection with the adoption of such child by such individual, or (iv) for purposes of caring for such child for a period beginning immediately following such birth or placement.
Sample 1

Examples of Substantial Period of Severance in a sentence

  • If an individual described in the preceding sentence returns to the employ of the Employer before incurring a Substantial Period of Severance, the previously forfeited balance of his or her Accounts, if any, will be restored.

  • If such Participant has had a Substantial Period of Severance, he or she will be treated for all purposes under the Plan as a new Employee and will again become a Participant on the date on which he or she satisfies the requirements of Section 4.1.

  • A former Participant who returns to the employ of a Participating Employer will again become a Participant on the date on which he or she completes an Hour of Service following his or her reemployment, provided he or she is an Eligible Employee on such date and has not had a Substantial Period of Severance.

  • If a Participant ceases to be an Employee prior to full vesting in accordance with Section 5.1 and does not receive a Plan distribution of the entire vested portion of his or her Accounts, the undistributed portion of the Participant's Accounts will remain allocated until the Participant incurs a Substantial Period of Severance, at which time such portion, to the extent unvested, will be irrevocably forfeited.

  • A former Participant who returns to the employ of a Participating Employer after having a Substantial Period of Severance on account of his or her most recent period of absence shall be treated for all purposes under the Plan as a new Employee and will again become a Participant on the day on which he or she satisfies the requirements of this Article 4.

  • However, if such Eligible Employee returns to service with a Participating Employer prior to a Substantial Period of Severance, the Eligible Employee will become a Participant on the date on which he or she returns.

  • A Participant who thereafter returns to the employ of the Employer will be entitled to restoration of the portion of his or her Share of the Trust Fund that was forfeited under this Section 7.5 (the “Forfeiture Amount”) if the individual’s rehire date occurs prior to a Substantial Period of Severance.

  • If such Participant has not had a Substantial Period of Severance, he or she will again become a Participant on his or her Reemployment Commencement Date.


More Definitions of Substantial Period of Severance

Substantial Period of Severance means, in the case of any Employee or Participant who does not have a nonforfeitable right to any portion of his or her accrued benefit, a Period of Severance of at least twelve consecutive months which equals or exceeds the greater of (a) five years, or (b) his or her Eligibility Service (for purposes of Section 2.9) or Vesting Service (for purposes of Section 2.41) prior to such Period of Severance. Notwithstanding the foregoing, an Employee or Participant will be considered as having incurred a Substantial Period of Severance with respect to any Period of Severance of at least twelve consecutive months if, as of any date prior to July 1, 1985, such Period of Severance equals or exceeds his or her Eligibility Service (for purposes of Section 2.9) or Vesting Service (for purposes of Section 2.41) prior to such Period. For purposes of the preceding sentences, an Employee’s or Participant’s Eligibility Service or Vesting Service, whichever is applicable, prior to any Period of Severance will be deemed not to include any such Service disregarded by reason of any prior Substantial Period of Severance.
Sample 1
Substantial Period of Severance means, in the case of any Employee or Participant who has no vested right in his Share of the Trust Fund, a period of severance that equals or exceeds five consecutive twelve-month periods of severance. For purposes of the preceding sentence, an Employee’s Years of Service for Participation or Years of Service for Vesting, whichever is applicable, prior to any period of severance will be deemed not to include any such service disregarded by reason of any prior Substantial Period of Severance.
Sample 1

Related to Substantial Period of Severance

  • Period of Severance means a continuous period of time during which an Employee is not employed by the Employer. Such period begins on the date the Employee retires, quits or is discharged, or if earlier, the twelve (12) month anniversary of the date on which the Employee was otherwise first absent from service.

  • Period of Service means the aggregate of all periods of service commencing with an Employee's first day of employment or reemployment with the Employer or an Affiliated Employer and ending on the first day of a Period of Severance, or for benefit accrual purposes, ending on the severance from service date. The first day of employment or reemployment is the first day the Employee performs an Hour of Service. An Employee who incurs a Period of Severance of twelve (12) months or less will also receive service-spanning credit by treating any such period as a Period of Service for purposes of eligibility and vesting (but not benefit accrual). For purposes of benefit accrual, a Participant's whole year Periods of Service is equal to the sum of all full and partial periods of service, whether or not such service is continuous or contiguous, expressed in the number of whole years represented by such sum. For this purpose, fractional periods of a year will be expressed in terms of days.

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.

  • Severance from Employment means severance from employment with the Employer and any Related Entity. However, a Severance from Employment also occurs on any date on which an Employee ceases to be an employee of a public school, even though the Employee may continue to be employed by a Related Employer that is another unit of the State or local government that is not a public school or in a capacity that is not employment with a public school (e.g., ceasing to be an employee performing services for a public school but continuing to work for the same State or local government employer).

  • Years of Service means the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee's date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.

  • Severance from Service Date means the earlier of:

  • COMMENCEMENT OF SERVICE means the actual date of placement of the first Vehicle(s) under this Agreement.

  • Separates from Service or “Separation from Service” means the Participant’s termination of service as a non‑employee director and as an employee of UGI for any reason other than death and shall be determined in accordance with section 409A of the Code.

  • Supported employment means the ongoing supports to participants who, because of their disabilities, need intensive ongoing support to obtain and maintain an individual job in competitive or customized employment, or self-employment, in an integrated work setting in the general workforce at or above the state’s minimum wage or at or above the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals without disabilities. The outcome of this service is sustained paid employment at or above the minimum wage in an integrated setting in the general workforce in a job that meets personal and career goals. Supported employment services can be provided through many different service models.

  • 1-Year Break in Service means the applicable computation period during which an Employee has not completed more than 500 Hours of Service with the Employer. Further, solely for the purpose of determining whether a Participant has incurred a 1-Year Break in Service, Hours of Service shall be recognized for "authorized leaves of absence" and "maternity and paternity leaves of absence." Years of Service and 1-Year Breaks in Service shall be measured on the same computation period.

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • One-Year Break in Service means a twelve (12) consecutive month period during which the Participant does not complete more than 500 Hours of Service.

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.

  • Permanent total disability means incapacity because of accidental injury or occupational disease to earn any wages in any employment for which the employee may become physically suited and reasonably fitted by education, training or experience, including vocational rehabilitation; loss of both hands, or both feet, or both legs, or both eyes, or any two thereof, shall constitute permanent total disability;

  • Retirement Age means the earlier to occur of:

  • Hour of Service means:

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Temporary employment Any employment which will require the services of an incumbent for a limited period of time, paid on an hourly basis, not in an allocated position or in permanent status. Transfer: The change of an employee who has permanent status in a position to another position in the same class in a different department, or to another position in a class which is allocated to a range on the salary plan that is within five percent (5%) at top step as the class previously occupied by the employee. Union: AFSCME Local 512

  • Leave of Absence means absent from work with permission.

  • Retires shall refer to the date which the Executive acknowledges in writing to Employer to be the last day the Executive will provide any significant personal services, whether as an employee or independent consultant or contractor, to Employer. For purposes of this Agreement, the phrase "significant personal services" shall mean more than ten (10) hours of personal services rendered to one or more individuals or entities in any thirty (30) day period.