Year of Service Credit definition

Year of Service Credit means a twelve-month (12-month) period, and can include a fractional period based upon one month, that measures a Member's term of service for the DB Component.
Year of Service Credit means a twelve-month (12-month) period, and can include a fractional period based upon one (1) month, that measures a Member's term of service for the Defined Benefit Component or Hybrid Component.
Year of Service Credit or “year of Service Credit” means the years and months of Service Credit under Article III or the applicable Benefit Schedule.

Examples of Year of Service Credit in a sentence

  • For SADC-WD / Zambezi River Authority, SIDA, Norwegian Embassy Lusaka.World Bank (2010a).

  • Year of Service Credit or year of Service Credit M-6 Article II ELIGIBILITY FOR PARTICIPATION M-7 Section 2.1. Eligibility Requirements M-7 Article III ACCUMULATION OF SERVICE CREDIT FOR PURPOSES OTHER THAN VESTING AND ELIGIBILITY i.e. FOR ACCRUAL OF BENEFITS, ETC.

  • WITNESS: By: _ First SelectmanAPPENDIX A Somers Volunteer Fire Department Retirement Plan Criteria for a Year of Service Credit For Fire Department and Ambulance Members The Retirement Plan data collection period will run from January 1 to December 31 of each year and the individual must be a member from January 1 through December 31.

Related to Year of Service Credit

  • 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.

  • completed year of service means continuous service for one year;

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

  • 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.

  • Service Credit means the periods of time for which the required contributions have been made to

  • 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.

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

  • Service credit year means an accumulation of months of

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

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

  • STIPULATED HOURS OF SERVICE PER DAY means hours of duty per day, normal hours/timings of duty whereof shall be determined by the Company's Engineer for which fixed charge shall be payable.

  • Vesting Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his vested interest in his Employer Contributions Sub-Account, if Employer Contributions are provided for under either Article VI or Article XXII.

  • Hours of Service means hours to be credited to an Employee under the following rules:

  • Eligibility Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his eligibility to participate in the Plan as may be required under Article III or Article VI.

  • 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.

  • Hour of Service means:

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

  • Plan Year means the calendar year.

  • Service Year means fiscal year, except that:

  • Minimum Period of Service means a period of 12 consecutive months beginning on the Service Start Date, unless set out otherwise in any applicable Order.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • 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.

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Leave Year means the year ending with the anniversary date of the employee’s appointment.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.