Vesting Computation Period definition

Vesting Computation Period means the Plan Year.
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Vesting Computation Period means a Plan Year.
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Vesting Computation Period means the 12 consecutive month period ending on the last day of the Plan Year that includes an Employee’s Employment Commencement Date and the last day of each subsequent Plan Year. If elected in Article I or if the elapsed time method is selected in Article I, Vesting Computation Period means each 12 consecutive month period beginning on the Employee’s Employment Commencement Date and any subsequent 12 consecutive month period commencing on any anniversary date of the Employee’s Employment Commencement Date.
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Examples of Vesting Computation Period in a sentence

  • In determining an Employee’s vesting Years of Service, the Employer will credit an Employee with the actual Hours of Service earned during the Vesting Computation Period, unless the Employer elects under AA §8-5(d) to determine Hours of Service using the Equivalency Method.

  • Unless the Employer elects to use the Elapsed Time method under AA §8-5(c), vesting Years of Service will be determined based on an Employee’s Hours of Service earned during the Vesting Computation Period.

  • An Employee will be credited with a Year of Service for the Vesting Computation Period during which the Employee attains the required age, provided the Employee satisfies all other conditions required for a Year of Service.

  • A Participant who incurs a Five-Year Forfeiture Break in Service will forfeit the nonvested portion of his/her Employer Contribution and/or Matching Contribution Account as of the end of the Vesting Computation Period in which the Participant incurs the fifth consecutive Break in Service.

  • Alternatively, the Employer may elect under AA §8-5(b) to use the 12-month period commencing on the Employee’s date of hire (or reemployment date, if applicable) and each subsequent 12-month period commencing on the anniversary of such date or the Employer may elect to use any other 12-consecutive month period as the Vesting Computation Period.


More Definitions of Vesting Computation Period

Vesting Computation Period means the twelve (12) consecutive month period used to measure Years of Vesting Service and Breaks in Service for purposes of vesting. The twelve (12) consecutive month period used for the Vesting Computation Period shall be the Plan Year.
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Vesting Computation Period means the 12 consecutive month period used to measure Years of Vesting Service and Breaks in Service for purposes of vesting. The 12 consecutive month period used for the Vesting Computation Period shall be the Plan Year. Effective January 1, 2006, except as otherwise provided in Section 3.13, the provisions of (his Section shall no longer apply for purposes of determining Vesting Service.
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Vesting Computation Period. The consecutive 12 month period beginning on the first day of the Plan Year. If the Vesting Computation Period is or has been changed, by reason of a change in the Plan Year or otherwise, the first Vesting Computation Period after such change shall begin before the last day of the preceding Vesting Computation Period and an Employee who is credited with a Year of Service in both the last Vesting Computation Period before the change and the first Vesting Computation Period after the change shall be credited with 2 Years of Service for purposes of vesting.
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Vesting Computation Period means a calendar year.
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Vesting Computation Period means, with respect to any person, the Plan Year including periods prior to the Effective Date of the Plan.
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Vesting Computation Period means a period of twelve (12) consecutive months, which is used for purposes of determining a Participant’s Vested Interest in the Plan (or a component of the Plan). As elected in the Adoption Agreement, either (a) each Vesting Computation Period will consist of each Plan Year; or (b) an Employee’s initial Vesting Computation Period will begin on the Employee’s Employment Commencement Date, and each subsequent Vesting Computation Period will begin on each anniversary of the Employee’s Employment Commencement Date.
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Vesting Computation Period means, as designated by the Employer in the Adoption Agreement, the Plan Year or the 12-consecutive-month period beginning on an Employee’s Employment Commencement Date and each anniversary thereof.‌‌‌
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