Change in Vesting Schedule. It an amendment directly or indirectly affects the computation of a Participant's nonforfeitable percentage of his or her Account or it the Plan's vesting schedule changes as a result of a change in the Plan's status as a Top-Heavy Plan (as described in section 12.4), each Participant with at least 3 years of service with the Employer or an Affiliate may elect, within a reasonable period after the adoption of the amendment, to have the nonforfeitable percentage of his or her Account computed under this Plan without regard to such amendment. In the case of a Participant who does not have at least one Hour of Service in any Plan Year beginning after December 31, 1988, the preceding sentence shall be applied by substituting 5 years of service for 3 years of service. The period during which the election may be made shall commence with the date the amendment is adopted and shall end on the later of
Change in Vesting Schedule. To the extent the vesting provisions of Article 3 are not more generous, if this Plan is deemed a Top-Heavy Plan for a Plan Year, then the vesting rules in Article 3 shall be replaced for such Plan Year and all subsequent Plan Years with the following vesting schedule: Full Years of Vesting Service at Date of Termination Percentage Nonforfeitable Less than 2 years 0 % 2 years and less than 3 years 20 % 3 years and less than 4 years 40 % 4 years and less than 5 years 60 % 5 years and less than 6 years 80 % 6 years or more 100 % A shift to a new vesting schedule under this section is an amendment to the vesting schedule and is subject to Section 11.5.
Change in Vesting Schedule. To the extent the vesting provisions of Article 3 are not more generous, if this Plan is deemed a Top-Heavy Plan for a Plan Year, then the vesting rules in Article 3 shall be replaced for such Plan Year and all subsequent Plan Years with a vesting schedule in which a Participant’s Vested percentage in allocations made to his or her Account will be 100% upon completion of three Years of Vesting Service. A shift to a new vesting schedule under this section is an amendment to the vesting schedule and is subject to Section 11.5.
Change in Vesting Schedule. (a) If the vesting schedule set forth in Subsection 7.2(a) is amended by the Employer, for any Employee who is a Participant on the date the amendment is adopted or the date the amendment is effective, whichever is later, the vested percentage (determined as of such date) of such Participant's Account shall not be less than the Participant's vested percentage under the Plan without regard to such amendment.
Change in Vesting Schedule. (a) If the Plan's vesting schedule is amended (by application of Article XIV or otherwise), each Participant who has completed three years of service (whether or not consecutive) with an Participating Employer and whose Vested Percentage will be determined on any date after the effective date of the amendment, may elect to have his Vested Percentage determined under the prior vesting schedule. An election need not be provided to any Participant whose Vested Percentage after the amendment would at all times be greater than what his Vested Percentage would have been under the prior vesting schedule. Once made, the election is irrevocable.
Change in Vesting Schedule. In the event the plan becomes top-heavy and thereafter ceases to be top-heavy, the vesting schedule may be changed to that set forth in Section 6.04. In the event the vesting schedule is so changed, all Participants with at least five (5) Years of Service at the time such change is adopted shall be entitled to the greater of the vested percentage under the vesting schedule existing before such change or the vested percentage existing under the vesting schedule after such change. If the vesting schedule in the Plan is changed, the vested percentage of any Participant's Account derived from Employer contributions shall not be less than the vested percentage computed under the Plan without regard to such change.
