Years of Continuous Employment definition

Years of Continuous Employment means the sum of:
Sample 1
Years of Continuous Employment means years of employment with the board, including any temporary absences from employment in that period, but does not include any period in respect of which the member has received a benefit. For the purposes of this definition, the absence of an individual from employment with the board is a temporary absence if all of the following apply:
Sample 1
Years of Continuous Employment means years of employment with the University for a continuous period of time including, unless an actual cessation of employment has occurred, any period not longer than 26 consecutive weeks during which the Employee, who immediately before the start of the period was employed by the University, is not doing work or providing a service for the University for remuneration and after the expiry of which is again in the employment of the University.
Sample 1

Examples of Years of Continuous Employment in a sentence

  • Years of Continuous Employment After Date of Grant of Option Percentage of Total Shares of Common Stock Subject to Option Which May be Exercised after 1 year 20 % after 2 years 40 after 3 years 60 after 4 years 80 after 5 years 100 The right to exercise the Option pursuant to the above schedule is cumulative.

  • Member who is not a Key Employee and whose employment is terminated prior to the completion of two (2) or more Years of Continuous Employment shall not be entitled to any portion of his Account under the Plan.

  • Years of Continuous Employment with the Company Upon the Occurrence of a Change of Control Percentage 1 20 2 40 3 60 4 80 5 100 If a Change of Control occurs and Baireuther is not "Terminated in Connection with the Change of Control," he shall be entitled to receive a Normal Retirement Benefit pursuant to Paragraph 4.1, without regard to the Change of Control.

  • Years of Continuous Employment After Date of Grant of Option Percentage of Total Shares of Common Stock Subject to Option Which May be Exercised after 1 year 20% after 2 years 40 after 3 years 60 after 4 years 80 after 5 years 100 The right to exercise the Option pursuant to the above schedule is cumulative.

  • Sections 2.1, 2.2, Sections 3.5, 3.7 and 3.8 shall survive the Closing and the delivery of the Securities for the applicable statute of limitations.

  • If a Participant terminates Continuous Employment by reason of a Disability and if he shall have completed five Years of Continuous Employment as of the date his employment terminates, the Participant shall be entitled to elect to receive a monthly Disability retirement benefit under the Plan.

  • This Award shall become vested in accordance with the following vesting schedule:Number of Completed Years of Continuous Employment After the Date of Grant Less than 1 year At least 1 but less than 2 At least 2 but less than 3 At least 3 but less than 4 At least 4 but less than 5 At least 5 Years Notwithstanding the forgoing, the shares covered by this Award shall become fully vested in the event of Grantee’s death or disability, or in the event of a Change in Control (as defined in the Plan).

  • Termination after Completion of Five Years of Continuous Employment.

  • Years of Continuous Employment After Date of Grant of Option Percentage of Total Shares of Common Stock Subject to Option Which May be Exercised after 1 year 20% after 2 years 40% after 3 years 60% after 4 years 80% after 5 years 100% The right to exercise the Option pursuant to the above schedule is cumulative.

  • Years of Continuous Employment After Date of Grant of Option Percentage of Total Shares of Common Stock Subject to Option Which May be Purchased after 1 year 20% after 2 years 40% after 3 years 60% after 4 years 80% after 5 years 100% The right to exercise the Option pursuant to the above schedule is cumulative.


More Definitions of Years of Continuous Employment

Years of Continuous Employment of a Participant shall mean the completion of 12 months of employment as a full time Employee of an Employer after the date on the Employee became a Participant.
Sample 1
Years of Continuous Employment means, subject to Section 31(4) of the Act, the fiscal years of the Plan in each of which the Participant has completed at least 350 hours of employment.
Sample 1

Related to Years of Continuous Employment

  • Continuous Employment and “Continuous Service” means:

  • 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.

  • Continuous enrollment means enrollment in a state- supported postsecondary education institution at the same degree level for consecutive terms, excluding summer term, since the beginning of the period for which continuous enrollment is claimed unless a sequence of continuous enrollment is broken due to extenuating circumstances beyond the student’s control, including serious personal illness or injury, or illness or death of a parent.

  • 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.

  • Continuous work means work carried on with consecutive shifts throughout the twenty four hours of each of at least five consecutive days without interruption except during breakdowns or meal breaks or due to unavoidable causes beyond the control of the Employer.

  • 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.

  • Continuous Service means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will not terminate a Participant’s Continuous Service; provided, however, that if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, in its sole discretion, such Participant’s Continuous Service will be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service will be considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in an Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by law.

  • Continuous Shift Work means work that is performed by employees where the hours of work are regularly rostered in accordance with a shift roster covering a 24 hour period over a 7 day week.

  • 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.

  • 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.

  • 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.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Continuous Status as a Participant means the absence of any interruption or termination of service as an employee, officer, director, consultant or advisors of the Company or any Affiliate, as applicable; provided, however, that for purposes of an Incentive Stock Option “Continuous Status as a Participant” means the absence of any interruption or termination of service as an employee of the Company or any Parent or Subsidiary, as applicable, pursuant to applicable tax regulations. Continuous Status as a Participant shall not be considered interrupted in the following cases: (i) a Participant transfers employment between the Company and an Affiliate or between Affiliates, or (ii) in the discretion of the Committee as specified at or prior to such occurrence, in the case of a spin-off, sale or disposition of the Participant’s employer from the Company or any Affiliate, or (iii) any leave of absence authorized in writing by the Company prior to its commencement; provided, however, that for purposes of Incentive Stock Options, no such leave may exceed 90 days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, on the 91st day of such leave any Incentive Stock Option held by the Participant shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option. Whether military, government or other service or other leave of absence shall constitute a termination of Continuous Status as a Participant shall be determined in each case by the Committee at its discretion, and any determination by the Committee shall be final and conclusive.

  • Continuous Status as an Employee means the absence of any interruption or termination of service as an Employee. Continuous Status as an Employee shall not be considered interrupted in the case of a leave of absence agreed to in writing by the Company, provided that such leave is for a period of not more than 90 days or reemployment upon the expiration of such leave is guaranteed by contract or statute.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • *Continuous Contract Any existing written agreement (including any renewals that are exercised) between a prime contractor and a HUB vendor, where the HUB vendor provides the prime contractor with goods or service under the same contract for a specified period of time. The frequency the HUB vendor is utilized or paid during the term of the contract is not relevant to whether the contract is considered continuous. Two or more contracts that run concurrently or overlap one another for different periods of time are considered by CPA to be individual contracts rather than renewals or extensions to the original contract. In such situations the prime contractor and HUB vendor are entering (have entered) into “new” contracts.

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

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Continuous Status as an Employee or Consultant means the absence of any interruption or termination of service as an Employee or Consultant. Continuous Status as an Employee or Consultant shall not be considered interrupted in the case of sick leave, military leave, or any other leave of absence approved by the Board; provided that such leave is for a period of not more than 90 days or reemployment upon the expiration of such leave is guaranteed by contract or statute.

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

  • Normal Retirement Age means the Executive's 65th birthday.

  • Disability retirement for plan 1 members, means the period

  • 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.

  • Retirement Age means the earlier to occur of:

  • Disability or Disabled means that during the Elimination Period and your Own Occupation Period you are, as a result of Physical Disease, Injury, Mental Disorder, Substance Abuse or Pregnancy, unable to perform one or more of the Material Duties of your Own Occupation, and, due to such inability, your Work Earnings are less than 80% of your Indexed Predisability Earnings, and you are incapable of earning 80% or more of your Indexed Predisability Earnings. Your Work Earnings may be Deductible Income. See the “LTD Benefit Calculation” and “Deductible Income” sections.

  • continuous supply of services means a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding three months with periodic payment obligations and includes supply of such services as the Government may, subject to such conditions, as it may, by notification, specify;