Service Computation Period definition

Service Computation Period means the 12-month period used for determining an Employee’s years of Service and years of Credited Service.
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Service Computation Period means, for eligibility purposes: (Complete only if the hour-counting method is elected in Item 35.) [X] the 12 consecutive month period beginning on an Employee's Employment Commencement Date or on an anniversary thereof; or [ ] the 12 consecutive month period beginning on an Employee's Employment Commencement Date and, thereafter in all cases, each Plan Year, beginning with the Plan Year containing the first anniversary of such Employment Commencement Date. An Employee who is credited with 1,000 Hours of Service in both the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee's Employment Commencement Date will be credited with two Years of Service for purposes of eligibility to participate.
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Service Computation Period means, for purposes of determining Years of Service and One-Year Breaks for vesting purposes: (Complete only if the hour-counting method is elected in Item 35.) [ ] the Plan Year, or [x] the 12 consecutive month period beginning on an Employee's Employment Commencement Date or on an anniversary thereof.
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Examples of Service Computation Period in a sentence

  • Service Computation Period" means, for eligibility purposes: (Complete only if the hour-counting method is elected in Item 35.) [x] the 12 consecutive month period beginning on an Employee's Employment Commencement Date or on an anniversary thereof; or [ ] the 12 consecutive month period beginning on an Employee's Employment Commencement Date and, thereafter in all cases, each Plan Year, beginning with the Plan Year containing the first anniversary of such Employment Commencement Date.

  • A Year of Credited Service is Credited Service Computation Period.

  • If the hours of service method is selected above, a Break in Vesting Service occurs if an Employee fails to complete (not more than 500) Hours of Service in a Vesting Service Computation Period.

  • If the hours of service method is selected above, a Break in Credited Service occurs if an Employee fails to complete (not more than 500) Hours of Service in a Credited Service Computation Period.


More Definitions of Service Computation Period

Service Computation Period means, for purposes of determining Years of Service and One-Year Breaks for vesting purposes: (Complete only if the hour-counting method is elected in Item 35.) [X] the Plan Year, or [ ] the 12 consecutive month period beginning on an Employee's Employment Commencement Date or on an anniversary thereof.
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Service Computation Period means the period of twelve consecutive months commencing on an Employee's Employment Date or any anniversary thereof.
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Service Computation Period means, for eligibility purposes: (Complete only if the hour-counting method is elected in Item 42.) the 12 consecutive month period beginning on an Employee's Employment Commencement Date or on an anniversary thereof; or
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Related to Service Computation Period

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Reconciliation Period is each calendar month.

  • Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

  • Operation Period means the period commencing from COD and ending on the Transfer Date;