Vesting Year of Service means any Plan Year during which the Employee is credited with at least one thousand (1,000) Hours of Service. Vesting Years of Service shall include all Years of Service prior to this restatement for which such Employee received a Year of Service for vesting purposes under the terms of the Prior Plan or under the terms of either the METAL IMPROVEMENT COMPANY, INC. RETIREMENT INCOME PLAN or the CURTISS-WRIGHT FLIGHT SYS TEMS/SHELBY, INC. CONTRIBUTORY RETIREMENT PLAN. If the Company maintains the Plan of a predecessor Employer, Service with such Employer will be treated as Service for the Company.
Vesting Year of Service means an Employee's Years of Service including: (a) Years of Service with an Affiliated Employer; (b) active service with the Armed Forces of the United States if the Employee entered or enters active service or training in such Armed Forces directly from the employ of an Employing Company and after discharge or release therefrom returns within ninety (90) days to the employ of an Affiliated Employer or is deemed to return under Section 2.3 because of the death of such Employee while in active service with such Armed Forces; and (c) any period during which the Employee was on any other form of authorized leave of absence. For purposes of this Section 1.41 in determining Vesting Years of Service with respect to a period of absence referred to in clause (b) or (c) of this Section 1.41, an Employee shall be credited with Hours of Service as though the period of absence were a period of active employment with the Affiliated Employer.
Vesting Year of Service means a Plan Year, beginning with the Plan Year in which the Employee commenced employment or reemployment with any Affiliated Company, during which a Participant has completed at least one (1) Hour of Service with an Affiliated Company. For purposes of determining an Employee’s Vesting Years of Service, an Employee, upon completion of an Hour of Service for an Employer, shall receive credit for service with any club which is not an Affiliated Company but which is a club managed by the Company or a club which the Company manages or owns pursuant to a joint venture with another entity, but only for service while such club is managed or partially owned.
Examples of Vesting Year of Service in a sentence
Vesting Year of Service shall be each 12-month period of employment with the Employer commencing with the Participant's date of hire or re-hire.
ARTICLE IV – PAYMENT OF PARTICIPANT ACCOUNTSSection 4.1 – Vesting Service Rules(a) Vesting Year of Service means a vesting computation period during which the employee completes at least 1,000 hours of service with the employer.
If any such Employee does not earn at least 1,000 Hours of Service in the acquisition year (as defined below) after the acquisition date, the Employee shall also be credited with Hours of Service with the acquired entity for purposes of determining whether the Employee has earned a Vesting Year of Service for the acquisition year.
ARTICLE IV – PAYMENT OF PARTICIPANT ACCOUNTSSection 4.1 – Vesting Service Rules(a) Vesting Year of Service means a vesting computation period during which the employee completes at least 1,000 hours of service with the employer.
Vesting Year of Service shall be each 12-month period of employment with the Employer commencing with the Participant's date of hire.
More Definitions of Vesting Year of Service
Vesting Year of Service means a vesting computation period during which the employee completes at least 1,000 hours of service with the employer. All of an employee’s years of service with the employer shall be counted to determine the nonforfeitable percentage in the employee’s account balance derived from employer contributions, except:
Vesting Year of Service means a period of twelve (12) consecutive months during which a Participating Employee completes at least one (1) Hour of Service. Such 12-month period shall be calculated with reference to the Employee's "Employment Commencement Date" (the first date of employment on which the Employee is credited with an Hour of Service with the Company), and subsequent such 12-month periods shall be calculated with reference to subsequent anniversaries of said Employment Commencement Date. In determining Vesting Years of Service, service with Harcourt Brace Xxxxxxxxxx, Inc. shall be considered as service with the Company. An Employee who ceases to be a Participant, but who remains in the employment of the Company, shall continue to be credited with Vesting Years of Service under this Plan so long as he remains in the employment of the Company. An Employee who was in the employment of the Company before he became an Employee for purposes of this Plan shall receive credit for Vesting Years of Service as though he had been an Employee during such prior period of employment with the Company.
Vesting Year of Service means a period of twelve (12) consecutive months during which a Participating Employee either (i) completes at least One (1) Hour of Service and is employed on the last day of the twelve-month period, or (ii) completes at least One Thousand (1,000) Hours of Service without regard to employment on the last day of the twelve-month period. Such twelve-month period shall be calculated with reference to the Employee's "Employment Commencement Date" (the first date of employment on which the Employee is credited with an Hour of Service with the Company), and subsequent twelve-month periods shall be calculated with reference to subsequent anniversaries of said Employment Commencement Date.
Vesting Year of Service is the completion of at least 1,000 Hours of Service during the applicable Computation Period. An individual's entire Service is counted in computing his Vesting Years of Service even if the individual is not in a class of employees qualifying such individual as an "Employee" in subsection 2.9. To determine a Participant's vested interest at his resumption of Service after a One-Year Break in Service, a Vesting Year of Service is determined the same as a Vesting Year of Service for Participants with no prior Service, except the applicable Computation Period for measuring his Vesting Years of Service following such break begins on the Participant's Re-Employment Beginning Date instead of on his Employment Beginning Date.
Vesting Year of Service means, with respect to a Participant, (1) for periods prior to January 1, 1989, each "Vesting Year of Service" with which he was credited on December 31, 1988, if any, under the ALLTEL Corporation Pension Plan (January 1, 1985 Restatement), as in effect on December 31, 1988, and (2) for periods after December 31, 1988, each calendar year in which the Participant completes at least 1,000 hours of service with an employer that is a member of the Controlled Group (including only hours of service completed while the employer was a member of the Controlled Group). For the purpose of this definition, hours of service shall be determined in accordance with Department of Labor Regulations Sections 2530.200b-2(a) and 2530.200b-3(e)(1)(iv) as in effect on January 1, 1994. Notwithstanding the foregoing, there shall be added to Kevin L. Beebe's Vesting Years of Service for purposes of the Plan fourteen (14) years. Notwithstanding the foregoing, there shall be added to Jeffery R. Gardner's Vesting Years of Service for purposes of the Plan thirteen (13) years
Vesting Year of Service means any Plan Year during which the Employee is credited with at least one thousand (1,000) Hours of Service. Vesting Years of Service shall include all Years of Service determined as of August 31, 1994, for which such Employee received a Year of Service for vesting purposes under the terms of the Prior Plan, or under the terms of either the Metal Improvement Company Retirement Income Plan or the Curtiss-Wright Flight Systems/Shelby, Inc. Retirement Plan. If the Company maintains the Plan of a predecessor employer, Service with such employer will be treated as Service for the Company. Special Provisions applicable to Employees of Acquired Entities The Vesting Years of Service of Employees who were formerly employed by entities that were acquired by the Company shall be subject to the special provisions set forth in Schedule J.
Vesting Year of Service means any Plan Year during which the Employee is credited with at least two hundred (200) Hours of Service. Vesting Years of Service shall include all years of service prior to this restatement for which such Employee received a year of service for vesting purposes under the terms of the Plan as previously effective.