Years of Benefit Service definition

Years of Benefit Service or "Benefit Service" means the years of service described in Section 4.3.

Years of Benefit Service means the total of a Participant's Years of Service, provided that (i) when the individual first becomes a Participant, the Committee may exclude certain Years of Service rendered before he or she becomes a Participant, (ii) the Committee may include all or a portion of a Participant's service rendered to an entity before it becomes a WellPoint Company, and (iii) the Committee may at any time cease future accrual of Years of Benefit Service for a Participant. A Participant may be credited with fractional Years of Benefit Service.

Years of Benefit Service means an Eligible Employee’s Years of Benefit Service, as determined under the Gxxxxxxx Retirement Plan. Notwithstanding the foregoing, if an Eligible Employee receives payments after termination of employment under the terms of the Gxxxxxxx Corporation Management Continuity Agreement, the period of service for which such payments are made shall be credited under this Plan as Years of Benefit Service if the Eligible Employee does not receive the equivalent of a pension benefit for such service under the Gxxxxxxx Corporation Management Continuity Agreement.

Examples of Years of Benefit Service in a sentence

• Hours of Service earned in employment with the Employer or a Related Employer that is not Covered Employment count toward Years of Eligibility and Vesting Service, but not toward Years of Benefit Service.

• A Participant shall not be credited with more than 30 Years of Benefit Service.

• The post-December 31, 1993, Years of Benefit Service shall not exceed the difference between 30 years and the Years of Benefit Service used in determining the Adjusted Accrued Benefit.

• For a Participant who would have less than 30 Years of Benefit Service as of the later of December 31, 1993, or Normal Retirement Date, future service benefit credits shall equal the excess of 1.6% of Average Monthly Compensation multiplied by Years of Benefit Service after December 31, 1993.

• For a Participant not described in (1) above, the Future Service Benefit shall be determined by multiplying the excess of 1.6% of Monthly Average compensation multiplied by Years of Benefit Service (not exceeding 30) over the Monthly Social Security Allowance by a fraction.

More Definitions of Years of Benefit Service

Years of Benefit Service means a Participant's Benefit Service as defined in the Wiley Basic Plan under Section 3.02 of such Plan. However, in the case of an acquired company, the Participant's service with that company prior to the date of acquisition will not be counted unless such service is recognized for purposes of (i) Benefit Service under the Wiley Basic Plan or (ii) benefit accruals under any other nonqualified supplemental plan maintained by the Company. In addition to the foregoing, a Participant may, subject to the approval of the Committee, be granted additional Years of Service for purpose of determining the amount of benefits under the 2005 SERP.

Years of Benefit Service means Years of Credited Service (including fractions thereof) during which an employee is an Active Participant. "Years of Benefit Service" shall include only a Participant's Years of Credited Service recognized through December 31, 2004. Appendix C ARTICLE IIELIGIBILITY FOR BENEFITS

Years of Benefit Service means the years of benefit service granted to Executive under this SERP and the years of "Benefit Service" (as that term is defined in the Blouxx Xxxn) granted to Executive under the Blouxx Plan. Years of Benefit Service shall be determined in accordance with the following schedule: Years of Benefit Years of Benefit Total Years Service under the Service under the of Benefit Age Blouxx Xxxn SERP Service --- ----------------- ----------------- ------------ 55 1 + 1 = 2 56 2 + 2 = 4 57 3 + 3 = 6 58 4 + 4 = 8 59 5 + 5 = 10 60 6 + 6 = 12 61 7 + 7 = 14 62 8 + 8 = 16 63 9 + 10 = 19 64 10 + 12 = 22 65 11 + 14 = 25 Years of Benefit Service under the SERP shall continue to accrue during any period of Disability provided that Years of Benefit Service continue to accrue under the Blouxx Xxxn.

Years of Benefit Service or “Benefit Service” shall mean the number of Computation Periods counted with respect to determining a Participant’s Accrued Benefit under the Plan, as further described in Article III. A Participant shall not be credited with any Benefit Service or Years of Benefit Service after December 31, 2008.

Years of Benefit Service means a credit used to measure your Covered Employment for purposes of determining your eligibility to receive University Match Contributions as further described in the University Match Contributions Section.

Years of Benefit Service means, except as otherwise provided in Sections 3.4 and 3.7, the sum of:

Years of Benefit Service means Years of Credited Service (including fractions thereof) during which an employee is an Active Participant, except as otherwise provided in Section 3.6, below.