Plan Vesting. Until such time that a teacher has retired and satisfied the following requirements, the teacher shall have no access to the assets held in his or her separate VEBA account:
Plan Vesting. Upon completion of ten (10) continuous years of service with Noblesville Schools, a teacher shall be 100% fully vested in his/her Matching 401(a) Plan account. Prior to the completion of this requirement, a teacher is not even partially vested in his/her Matching 401(a) Plan account and a teacher shall have no access to the assets held in his or her separate Matching 401(a) Plan account. For these purposes, “continuous years of service” means the number of consecutive years of employment as a certified employee in Noblesville Schools. Approved leaves of absences not exceeding one (1) year shall not be considered to be a break in continuous employment for the purpose of determining “continuous years of service”. A certified employee on an approved leave of absence will not receive completed years of service credit for vesting purposes for the time of the approved leave.
Plan Vesting. Upon completion of ten (10) continuous years of service with Corporation, a teacher shall be 100% fully vested in his/her Matching 401(a) Plan account. Prior to the completion of this requirement, a teacher is not even partially vested in his/her Matching 401(a) Plan account and a teacher shall have no access to the assets held in his or her separate Matching 401(a) Plan account. For these purposes, “continuous years of service” means the number of consecutive years of employment as a certified employee in Corporation. Approved leaves of absences not exceeding one (1) year shall not be considered to be a break in continuous employment for the purpose of determining “continuous years of service”. A certified employee on an approved leave of absence will not receive completed years of service credit for vesting purposes for the time of the approved leave.
Plan Vesting. (a) For purposes of Section 3.1(b) of the Plan, the shares of Restricted Stock subject to grant hereunder shall not be considered vested until the date of distribution under Article VI hereof in accordance with this Agreement. Notwithstanding the absence of such vesting, the provisions of Section 3.1(b) of the Plan providing for the forfeiture of shares of Restricted Stock that have not vested as of the date of termination of employment of the Employee or the satisfaction of other conditions to vesting of Restricted Stock prior to such termination of employment shall not apply. Rather, the provisions with respect to forfeiture and distribution of the Restricted Stock provided for in this Agreement shall apply in lieu of such provisions as permitted by Section 3.1(b) of the Plan.
Plan Vesting. Employee is 100% vested in the Celanese Americas Retirement Pension Plan, the Celanese Americas Supplemental Retirement Pension Plan and the Celanese 401(k) plan.
Plan Vesting. Executive shall vest in all retirement, insurance, incentive, compensation and other benefit plans of SBI and the Bank in which he is a participant in accordance with the terms of such plans or as otherwise specifically provided herein. In the case of plans providing for stock options, restricted stock awards and/or restricted stock units, SBI will cause such equity-based awards to become vested, to the extent it has discretion to do so under the plan document and applicable law. If SBI cannot accelerate such vesting as aforesaid, it will remit cash to him equal to any positive option “spread” and the value of any restricted stock or restricted stock units within 30 days following the date of termination of his employment.
Plan Vesting. Until such time that a bargaining unit member has retired and satisfied the following requirements, the bargaining unit member shall have no access to the assets held in his or her separate VEBA account:
Plan Vesting. Upon completion of five continuous years of service with Corporation, a bargaining unit member shall be 100% fully vested in his/her Matching 401(a) Plan account. Prior to the completion of this requirement, a bargaining unit member is not even partially vested in his/her Matching 401(a) Plan account and a bargaining unit member shall have no access to the assets held in his or her separate Matching 401(a) Plan account. For these purposes, "continuous years of service" means the number of consecutive years of employment as a certified employee in Corporation. Approved leaves of absences not exceeding one (1) year shall not be considered to be a break in continuous employment for the purpose of determining "continuous years of service". A certified employee on an approved leave of absence will not receive completed years of service credit for vesting purposes for the time of the approved leave.
Plan Vesting. Employee is 100% vested in the Company cash balance pension and 401(k) plans.
