Years of Service definition

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.
Years of Service means each Plan Year of Service completed by the Participant. For vesting purposes, Years of Service shall be calculated from the date designated in the Adoption Agreement and Service shall be based on service with the Company and all Participating Employers.

Examples of Years of Service in a sentence

  • Employees shall accrue personal leave with pay for regular duty hours compensated in accordance with the following schedule: Years of Service Hours Accrued Per Year 5 thru 9 230 10 thru 14 260 15 thru 19 290 20 thru 24 320 25 or more 350 B.

  • Class D Years of Service steps 14, 18, 22, 26 and 30 will be increased to the following: Class D, Step 14 will be $68,886.39, Step 18 will be $70,745.04, Step 22 will be $72,557.52, Step 26 will be $74,375.17, and Step 30 will be $76,205.64.

  • Part-time employees: Years of Service Vacation Allocation Vacation Accrual (hours/pay period) After completion of: 1st year 66 hours 2.54 After completion of: 2nd - 4th years 66 hours 2.54 After completion of: 5th - 9th years 95 hours 3.66 After completion of: 10th Year 124 hours 4.77 Paid vacation time will be accrued from the date of the employee’s employment anniversary dated based on the schedules above.

  • Years of Service Entitlement Weeks % of Earnings Or entitlement in hours One (1) Two (2) 4% 80 Three (3) Three (3) 6% 120 Seven (7) Four (4) 8% 160 Twelve (12) Five (5) 10% 200 Twenty (20) Six (6) 12% 240 B3.06 Regular part-time Employees will receive vacation pay to the percentage entitlement applied to their annual gross earnings for the anniversary year for which they are receiving their vacation in accordance with B3.05 above.

  • The City shall establish a longevity pay program for the Deputy Fire Chief, with an annual payment based upon years of service as of the 1st day of September as follows: Years of Service Five (5) but fewer than ten (10): $1,400.00 Ten (10) but fewer than fifteen (15): $1,600.00 Fifteen (15) but fewer than twenty (20): $1,800.00 Twenty (20) or more: $2,000.00 Longevity Pay shall be included with the formula utilized for the purposes of calculating total compensation under PERS.


More Definitions of Years of Service

Years of Service means the twelve (12) consecutive month period beginning on the Executive’s date of hire and any twelve (12) month anniversary thereof during the entirety of which time the Executive is an employee of the Bank. Service with a subsidiary or other entity controlled by the Bank before the time such entity became a subsidiary or under such control shall not be considered “credited service.”
Years of Service means each one-year period for which the Participant receives service credit in accordance with the provisions of Section 7.01(d) of the Adoption Agreement.
Years of Service means the total number of twelve-month periods during which the Executive is employed on a full-time basis by the Company, inclusive of any approved leave of absence.
Years of Service means the total number of twelve-month periods during which the Director serves as a member of the Company's Board of Directors.
Years of Service means Participant’s total number of years of “accumulated service” as such term is defined with respect to salaried employees under the Retirement Plan for Koppers Inc. (regardless of whether Participant is eligible to receive a benefit under such plan).
Years of Service means each Plan Year of Service completed by the Participant. For vesting purposes, Years of Service shall be calculated from the date designated in the Adoption Agreement.
Years of Service means the Employee’s total years of employment with a Regency Entity, including years of employment with an entity that is acquired by a Regency Entity prior to such acquisition.