Common use of Graded Vesting Clause in Contracts

Graded Vesting. A Participant who is not fully vested under -------------- Subsection 7(a) shall become vested in his Company Contributions Accounts, on the first day following completion of a given Year of Service in accordance with the following schedule: Percentage of Company Years of Service Contributions Accounts Vested ---------------- ----------------------------- Less than 2 0% 2 but less than 3 20% 3 but less than 4 40% 4 but less than 5 60%

Graded Vesting. A Participant who is not fully vested under -------------- Subsection 7(a--------------- 7 (a) shall become vested in his Company Contributions Accounts, on the first day following completion of a given Year of Service in accordance with the following schedule: Percentage of Company Years of Service Contributions Accounts Vested ---------------- ----------------------------- Less than 2 0% 2 but less than 3 20% 3 but less than 4 40% 4 but less than 5 60%