Common use of Graded Vesting Clause in Contracts

Graded Vesting. A Participant’s Forfeitable Account Balances attributable to a Plan Sponsor will become Vested in 20% increments after the Participant renders the Months of Service with that Plan Sponsor specified below as determined under Section 8.5: (A) 20% Vested after 12 Months of Service for such Plan Sponsor; (B) 40% Vested after 24 Months of Service for such Plan Sponsor; (C) 60% Vested after 36 Months of Service for such Plan Sponsor; (D) 80% Vested after 48 Months of Service for such Plan Sponsor; (E) 100% Vested after 60 Months of Service for such Plan Sponsor;