Years of Eligibility Service definition

Years of Eligibility Service means Years of Benefit Service as defined in 2.2-7 plus Years of Service (as defined in the Retirement Plan), if any, approved by the Committee performed for a business before the date it became an Affiliate.

Years of Eligibility Service means Years of Benefit Service as defined in 2.2-7 plus Years of Service (as defined in the PCC Retirement Plan), if any, approved by the Committee performed for a business before the date it became an Affiliate or performed for the Company or an Affiliate after the person has been removed from participation as provided in 1.2-1 and related provisions.

Years of Eligibility Service means an Employee's period of continuous and uninterrupted employment from his or her last date of hire in a Plan-eligible employment classification to the date of determination of eligibility. This term is used to determine eligibility to participate in this Plan. For this purpose, employment shall be considered continuous and uninterrupted during a Leave of Absence.

Examples of Years of Eligibility Service in a sentence

• If no Years of Eligibility Service requirement is selected, Option 1 will apply.

• To become a Participant, an Eligible Employee must have attained age 21 _ (maximum 21) and completed at least 1 Year(s) of Eligibility Service.

• Years of Eligibility Service - If service for eligibility purposes is based on Hours of Service, a Year of Eligibility Service is granted for each computation period during which at least one thousand (1,000) hours are credited, unless otherwise specified below.

• An Employee shall become an Active Participant on the first day of the month immediately following three (3) Years of Eligibility Service.

• Years of Eligibility Service - If Years of Eligibility Service is based on Hours of Service, a Year of Service is granted for each Eligibility Computation Period during which at least one thousand (1,000) hours are credited, unless otherwise specified below.

• Option 3: After completing Years of Eligibility Service (enter 0, 1, or 2).

• An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section Three of the Adoption Agreement, and will be eligible to become a Contributing Participant (and thus be eligible to make Elective Deferrals) after completing (enter 0,1 or any fraction less than 1) Years of Eligibility Service (1000 hours or more during a year).

• Option 3: After completing Years of Eligibility Service (enter 0, 1 or 2).

• Eligibility Computation Period for Years of Eligibility Service - The initial Eligibility Computation Period begins on the Employment Commencement Date and ends on the anniversary thereof.

• An Employee will be eligible to become a Participant in the Plan for purposes of any Employer Contributions made pursuant to Section 5 of the Adoption Agreement after completing (enter 0, 1 or 2) Year(s) of Eligibility Service.

More Definitions of Years of Eligibility Service

Years of Eligibility Service means the number of years so shown for a Deferred Covered Life on the Annuity Exhibits plus additional Years of Eligibility Service as follows: A Deferred Covered Life will be credited with an additional Year of Eligibility Service for each calendar year after 12/31/20[●] during which the Deferred Covered Life is credited with [1,000] or more hours of service with the Contractholder and the Affiliated Employers; provided, however, that hours of service will not be credited in the case of a Covered Life who has commenced Annuity Payments or who has been paid a lump sum as of the Effective Date.]

Years of Eligibility Service means Years of Benefit Service as defined in 2.2-4 plus any Years of Service (as defined in the Retirement Plan) performed for a business before the date it became a Subsidiary.

Years of Eligibility Service. An Eligibility Computation Period in which the Employee completes 1000 Hours of Service.