Years of Plan Service definition

Years of Plan Service means the number of full calendar years the Employee has been employed by the Bank beginning on the Effective Date.
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Years of Plan Service means "Years of Plans and Association Service" as such term is defined and credited under the Pension Plan for Plan Years beginning on or after the later of the Participant's employment with the Company or January 1, 1994.
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Years of Plan Service means the number of months since his most recent employment date (or such earlier date as set forth in a resolution pursuant to Section 3.01(b) that applies with respect to his most recent employment date) during which an individual is an Active Participant, divided by 12. For purposes of this calculation, an individual shall be deemed to be an Active Participant for any month in which he is an Active Participant for one or more calendar days. Unless stated otherwise, a Participant’s Years of Plan Service shall be the sum of his service as an Active Participant (as determined under the first two sentences of this Section 2.01(jj)) since January 29, 2004 plus his Years of Appendix A Service or Years of Appendix B Service, if any.
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Examples of Years of Plan Service in a sentence

  • The Plan Administrator, in its sole discretion, may also grant additional Years of Plan Service in such circumstances where it deems such additional service appropriate.

  • If elected by the Company in the Adoption Agreement, then, notwithstanding Section 5.1 hereof, a Participant who attains the age specified in the Adoption Agreement shall be fully vested in amounts credited to his or her Account, regardless of his or her Years of Service or Years of Plan Service.

  • The Normal Retirement or death benefits under this Plan for a Participant who is not listed on Schedule A shall become 100% accrued upon the completion of five (5) Years of Plan Service, regardless of the Tier at which the Participant is employed at the time of the Participant's Normal Retirement or death.

  • If the Participant separates from service prior to age 60 and prior to the completion of (i) a total of twenty (20) Years of Service and (ii) ten (10) Years of Plan Service, then the Participant shall not be entitled to a Plan Benefit.

  • In addition, in the event that a Member incurs a disability covered by the Company’s Long-Term Disability Plan, such Member shall receive credit for two (2) Years of Plan Service for each year such disability continues.

  • If elected by the Company in the Adoption Agreement, a Participant shall be fully vested in the amounts credited to his or her Account upon a Change of Control, regardless of his or her Years of Service or Years of Plan Service.

  • However, if the Participant retires before age 60, but the Participant has completed (i) a total of twenty (20) Years of Service and (ii) ten (10) Years of Plan Service, his entitlement to receive a Plan Benefit is in the sole discretion of the Committee.

  • A Participant's Disability benefits under this Plan shall become 100% accrued after the completion of (i) a total of twenty (20) Years of Service and (ii) ten (10) Years of Plan Service, regardless of the Tier at which the Participant is employed at the time of the Participant's Disability.

  • If the Participant separates from service at or after age 65, upon such separation from service, he will be entitled to receive a Plan Benefit that will be distributed in monthly payments (or such other periodic payments as the Committee and the Participant may agree) for a fifteen (15) year period beginning on the Benefit Commencement Date provided that a Participant who is not listed on Schedule A has completed five (5) Years of Plan Service.

  • The Project also established a memorandum of agreement of understanding with various agencies and the Consortium.

Related to Years of Plan Service

  • 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.

  • 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.

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

  • In-service means an educational program, which is designed to increase the knowledge, skills, and overall effectiveness of personnel.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Service benefit means the credit toward retirement benefits as determined by the

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Average final compensation means the average annual creditable compensation of a member during

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • 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.

  • 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.

  • 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.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Final compensation of a member means:

  • In-Service Date means the date on which the Facility and System Modifications (if applicable) are complete and ready for service, even if the Facility is not placed in service on or by that date.

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