Dependent Vesting Clause Samples
The Dependent Vesting clause establishes that the vesting of certain rights or benefits, such as equity or stock options, is contingent upon the fulfillment of specific conditions or milestones. For example, an employee’s shares may only vest if they remain employed for a set period or if the company achieves certain performance targets. This clause ensures that recipients are incentivized to meet predefined objectives or maintain their relationship with the company, thereby aligning interests and reducing the risk of unearned benefits being granted.
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a vesting schedule for the employer health contribution for dependents as follows:
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after thirty (30) days following ratification of this agreement or who on that date are receiving fifty percent (50%) of the normal employer dependent portion of the contribution, shall be subject to a vesting schedule for the employer health contribution for dependents as follows:
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows: 50% of the normal employer dependent portion of the contribution upon initial enrollment; 75% of the normal employer dependent portion of the contribution upon completion of 12 months of service; and 100% of the normal employer dependent portion of the contribution upon completion of 24 months of service.
Dependent Vesting. Unit 17 employees who first become eligible for health benefit enrollment on or after thirty
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after July 1, 2006, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows:
a. Fifty percent (50%) of the normal employer dependent portion of the contribution upon initial enrollment;
b. Seventy-five percent (75%) of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service; and
c. One-hundred percent (100%) of the normal employer dependent portion of the contribution upon completion of twenty-four (24) months of service. The employer dependent contribution amounts shall be established by CalHR each year at the same time that the normal employer health contributions are established. When an employee is appointed to a new position or class that results in a change in eligibility for the composite rate, the effective date of the change shall be the first of the month following the date the notification is received by the State Controller’s Office if the notice is received by the tenth of the month.
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after thirty (30) days following ratification of this agreement or who on that date are receiving fifty percent (50%) of the normal employer dependent portion of the contribution, shall be subject to a vesting schedule for the employer health contribution for dependents as follows:
a. 75% of the normal employer dependent portion of the contribution upon initial enrollment.
b. 100% of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service. The employer dependent contribution amounts shall be established by CalHR each year at the same time that the normal employer health contributions are established. The established dollar amount(s) shall not be increased in subsequent years without a negotiated agreement by both parties.
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows: 50% of the normal employer dependent portion of the contribution upon initial enrollment; 75% of the normal employer dependent portion of the contribution upon completion of 12 months of service; and 100% of the normal employer dependent portion of the contribution upon completion of 24 months of service. Effective July 1, 2014, employees who first became eligible for health benefit enrollment or are receiving fifty percent (50%) of the normal employer dependent portion of the contribution, shall be subject to a vesting schedule for the employer health contribution for dependents as follows: 75% of the normal employer dependent portion of the contribution upon initial enrollment; 100% of the normal employer dependent portion of the contribution upon completion of 12 months of service; and The implementation of this section is subject to the economic trigger provision described in Section 7.1 Adjusted Pay Ranges.
Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after thirty
Dependent Vesting. Unit 17 employees who first become eligible for health benefit enrollment on or after January 1, 2007, shall be subject to a two (2)-year vesting schedule for the employer health contribution for dependents as follows:
a. Fifty percent (50%) of the normal employer dependent portion of the contribution upon initial enrollment;
b. Seventy-five percent (75%) of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service; and
c. One Hundred percent (100%) of the normal employer dependent portion of the contribution upon completion of twenty-four (24) months of service.