Year of creditable service definition

Year of creditable service means, with respect to periods on and after July 1, 1985 and prior to July 1, 2003, the number of whole and partial years determined in accordance with the following formula:
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Year of creditable service means a 12-month
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Year of creditable service means a 12-month Period, beginning on the date the Employee became a Participant in the Plan or the Predecessor Plan, during which the Participant has a payroll deduction order in effect for Employee Contributions and completes 1 Hour of Service.
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More Definitions of Year of creditable service

Year of creditable service means an Accrual Computation Period during which the Employee completes 1000 Hours of Service.
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Year of creditable service means (A) each period during which the participant is a plan participant and works as a full-time employee for at least 50 percent of the officially scheduled working days in each of nine months in the 12 month period from July 1 through June 30; and
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Year of creditable service means, generally, a year of service for purposes of calculating a Participant’s Accrued Benefit and monthly retirement income pursuant to Article 5.
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Year of creditable service means (A) each period during which the participant is
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Year of creditable service means a 12-month period of creditable service determined in accordance with uniform and nondiscriminatory rules established by the retirement board.
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Year of creditable service means (A) each period during which the participant is a plan participant and works as a full-time employee for at least 50 percent of the officially scheduled working days in each of nine months in the 12 month period from July 1 through June 30; and (B) each year of service credited under the terms of subsection (c) of Section 2.02 and Section 2.03 of this Act. If a participant works less than said nine months during any such period, he or she shall be credited with a fraction of a year computed by
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Related to Year of creditable service

  • Creditable service means membership service plus prior

  • Continuous period of creditable coverage means the period during which an individual was covered by creditable coverage, if during the period of the coverage the individual had no breaks in coverage greater than sixty-three (63) days.

  • Creditable compensation means the full compensation payable annually to an employee working

  • 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.

  • Year of Participation means a Plan Year in which the Participant was eligible for an allocation of Employer contributions, irrespective of whether the Employer actually contributed to the Plan for that Plan Year.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Year of Eligibility Service means, for any Special Employee, a credit used to determine his eligibility to participate under the Plan, as further described in Section 2.2.

  • completed year of service means continuous service of specified duration under the university and includes periods of absence from duty as well as leave including extraordinary leave.

  • Service credit year means an accumulation of months of

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Creditable means that the value of this Plan’s prescription drug benefit is, on average for all plan participants, expected to pay out as much as or more than the standard Medicare prescription drug coverage will pay.

  • Service credit month means a full service credit month or an

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Year of the Term as used herein shall mean each twelve-month period commencing on (START DATE).

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • 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.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • First Period The period of the Contract Term specified in Section 3.1.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • 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.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Credited Service means the member's total period of service

  • First Day of the Knock-out Period means the First Day of the Knock-out Period as specified in § 1 of the Product and Underlying Data.