Common use of CREDITING SERVICE FOR ELIGIBILITY Clause in Contracts

CREDITING SERVICE FOR ELIGIBILITY. For purposes of satisfying Section 2.02 of the Plan, a Former CIS Employee shall be credited with (1) all service with which he or she is credited for eligibility purposes under the CIS Robotics Plan, or (2) shall be credited with an Hour of Service for each hour of service with CIS Robotics, as if such service had been Service with Flow International Corporation, whichever method results in the Former CIS Employee becoming a Participant in the Plan on the earliest Plan Entry Date.

Appears in 2 contracts

Sources: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp), Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)