Top-Heavy Vesting Schedule. For any Plan Year the Plan is Top Heavy (and for all subsequent Plan Years), the Top Heavy vesting schedule selected in this AA §8-3 applies, unless provided otherwise under AA §8-6.
Top-Heavy Vesting Schedule. (Section 2.6.1(b)) Employer Non-Elective Accounts shall vest: (Select a., b., c., d., e., or g. Also select f. if applicable.)
Top-Heavy Vesting Schedule. If the Plan is determined to be a Top-Heavy Plan as of any Determination Date, then the following vesting schedule shall apply beginning with the first Plan Year commencing after such Determination Date, unless the Plan’s vesting schedule specified in the Adoption Agreement provides for vesting that is at least as rapid as the following schedule, in which case the vesting schedule specified in the Adoption Agreement shall apply: Years of Service Nonforfeitable Percentage 2 20 % 3 40 % 4 60 % 5 80 % 6 or more 100 % If the vesting schedule in this Section applies, it shall apply to all benefits within the meaning of Code Section 411(a)(7) except those attributable to Employee After-Tax Contributions and Elective Deferral Contributions, including benefits accrued before the effective date of Code Section 416 and benefits accrued before the Plan became Top-Heavy. Further, once the Plan is determined to be a Top-Heavy Plan, the minimum Top-Heavy vesting schedule shall continue to apply. No decrease in a Participant’s nonforfeitable percentage may occur regardless of whether the Plan’s status as Top-Heavy changes for any subsequent Plan Year. However, this Section does not apply to the Account of any Employee who does not have an Hour of Service after the Plan has initially become Top-Heavy and such Employee’s Account Balance attributable to Employer contributions and forfeitures shall be determined without regard to this Section. The Minimum Allocation pursuant to Section 4.4.3 (to the extent required to be nonforfeitable under Code Section 416(b)) may not be forfeited under Code Section 411(a)(3)(B) or Code Section 411(a)(3)(D).
Top-Heavy Vesting Schedule. In the event the plan becomes Top-Heavy, the vesting schedule shall be: - Must meet one of the schedules below and must be at least as liberal as the vesting schedule elected in Section IX.A. [ ] 1. 100% vesting after _______(not to exceed 3) years of Service. [ ] 2. _______% vesting after 1 Year of Service _______% (not less than 20) vesting after 2 Years of Service _______% (not less than 40) vesting after 3 Years of Service _______% (not less than 60) vesting after 4 Years of Service _______% (not less than 80) vesting after 5 Years of Service 100 % vesting after 6 Years of Service - If the vesting schedule under the Plan shifts into the above schedule for any Plan Year because of the Plan's Top-Heavy status, such shift is an amendment to the vesting schedule and the election provisions in Section 7B.1 of the Plan shall apply. - The Top-Heavy vesting schedule will remain in effect even if the Plan ceases to be Top Heavy. January 1, 2003 -71- Plan XXIV. OTHER ADOPTING EMPLOYER Document Section
Top-Heavy Vesting Schedule. Pursuant to Section 6.01(C) of the Plan, the vesting schedule that will apply when this Plan is a Top-Heavy Plan (unless the Plan's regular vesting schedule provides for more rapid vesting) shall be (Choose one): OPTION 1: [ ] 6 Year Graded. OPTION 2: [ ] 3 Year Cliff. NOTE: If no option is selected, Option 1 will be deemed to be selected.
Top-Heavy Vesting Schedule. In the event the plan becomes Top-Heavy, the vesting schedule shall be: -> Must meet one of the schedules below and must be at least as liberal as the vesting schedule elected in Section IX.A. [ ] 1. 100% vesting after __________ (not to exceed 3) years of Service.
Top-Heavy Vesting Schedule. For any Plan Year the Plan is Top Heavy (and for all subsequent Plan Years), the Top Heavy vesting schedule selected in this AA §8-3 applies, unless provided otherwise under AA §8-6. (1) Full and immediate vesting (2) Three-year cliff vesting schedule
Top-Heavy Vesting Schedule. (a) If the Plan is or becomes Top-Heavy, the Vested Percentage of each Participant's Employer Profit Sharing Account, Employer Matching Account, or Money Purchase Account, as applicable, will be determined in accordance with one of the following schedules, as designated by the Plan Administrator and applied to all Participants to the extent that it provides a greater Vested Percentage for a Participant: Years of Vesting Service Vested Percentage --------------------------------- ------------------------------------ 0 - 1 year 0% 2 years 20% 3 years 40% 4 years 60% 5 years 80% 6 years 100% Years of Vesting Service Vested Percentage --------------------------------- ------------------------------------ 0 - 2 years 0% 3 years 100%
Top-Heavy Vesting Schedule. Paragraph 6.3(b) The following “top heavy vesting schedule” shall apply whenever the Plan is a Top Heavy Plan [Check one, and complete where applicable]: o(i)100% after _______ (not to exceed 3) Years of Vesting Service. x(ii)20% after 2 Years of Vesting Service, increased 20% for each of the next 4 Years of Vesting Service. o(iii)_______ % after __________Year(s) of Vesting Service _______ % after __________Years of Vesting Service _______ % after __________Years of Vesting Service _______ % after __________Years of Vesting Service _______ % after __________Years of Vesting Service _______ % after __________Years of Vesting Service [Must be at least as favorable after each Year as Option 12(b)(1) or (2) above]
Top-Heavy Vesting Schedule. (Section 2.6.1(b))
