Employees not Performing Services During Year Ending on the Determination Date Clause Samples

This clause addresses how employees who have not performed any services during the year ending on the determination date are treated for the purposes of the agreement. Typically, it specifies whether such employees are eligible for certain benefits, compensation, or participation in company plans, often excluding those who have been on leave, terminated, or otherwise inactive. The core function of this clause is to clarify eligibility and prevent disputes regarding entitlements for employees who were not actively working during the relevant period.
Employees not Performing Services During Year Ending on the Determination Date. The accrued benefits and accounts of any individual who has not performed services for the Employer during the 1-year period ending on the Determination Date shall not be taken into account.
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Related to Employees not Performing Services During Year Ending on the Determination Date

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

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  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.