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

  • Years of Service Vacation Hours Per Year Vacation Hours Per Month 0- 5 Years 96 8 Commencing in 6th year 120 10 Commencing in 10th year 156 13 Commencing in 15th year 180 15 Commencing in 20th year 192 16 Employees shall accumulate no more than two (2) years of vacation accrual at any one time.

  • Years of Service in Working Days 2 16 3 17 4 18 5 19 6 20 7 21 8 22 9 23 10 24 11 25 12 26 13 27 14 28 15 29 16 or more 30 Annual vacation shall be earned at the rate of fifteen (15) working days per year, increasing at the rate of one (1) additional day per year after the first year.

  • Sick leave cash-out upon termination will be as follows: Employee's hired before 7/1/83 may cash out sick leave per the following: Years of Service % of Leave Years of Service % of Leave 5 (min) 10 13 28 6 13 14 29 7 16 15 30 8 19 16 34 9 22 17 38 Years of % of Years of % of Service Leave Service Leave 11 26 19 46 12 27 20 (max) 50 Employee's hired 7/1/83 and later may cash out sick leave at the rate of 1 % a year for each year of service up to a maximum of 30% for 30 years of service.

  • Employees working a designated regular work week shall accrue vacation leave at the following rates: Completed Years of Service 0 through 5 yrs 8.0 hrs/mo-12 days/yr 5+ through 10 yrs 10.0 hrs/mo-15 days/yr 10+ thru 15 yrs 12.667 hrs/mo-19 days/yr 15+ thru 20 yrs 14.0 hrs/mo-21 days/yr 20+ yrs 16.0 hrs/mo-24 days/yr No vacation leave shall accrue for any month during which the employee is on leave without pay or layoff status for more than one-half of the employee’s standard working hours for that month.

  • Years of Service Days Accrnal Rate in Each Calendar Year l,*2,3,4 18 days (144 hrs) .0692307 5 12 23 days (184 hrs) .0884615 13 16 28 days (224 hrs) .1076923 17 plus 30 days (240 hrs) .1153846 * Consistent with Section 10.2, Eligibility, accrnal during the first year is contingent upon completing ninety (90) days of continuous employment.


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 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.
Years of Service means the aggregate period of time, expressed as a number of whole years and fractions thereof, during which the Participant was a member of the Board or served as an Employee (as applicable) in paid status.