VESTING OF ACCOUNTS. Section 6.1 Vesting of Member Contributions, 401(k) Deferrals, Qualified Nonelective Contributions, and Rollover Contributions All Units credited to a Member’s Account based on after-tax contributions and/or 401(k) deferrals made by the Member and any earnings related thereto (including any rollover contributions allocated to a Member’s Account under the Plan and any earnings thereon) and, as provided in Section 3.9, Employer qualified nonelective contributions made on behalf of such Member shall be immediately and fully vested at all times.
VESTING OF ACCOUNTS. Each Participant shall be vested in the amounts credited to such Participant's Account and Interest thereon as follows:
VESTING OF ACCOUNTS. ..26 Section 6.1 Vesting of Member Contributions, 401(k) Deferrals, Qualified Nonelective Contributions, and Rollover Contributions................................................26 Section 6.2
VESTING OF ACCOUNTS. 36 6.02 Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 6.03
VESTING OF ACCOUNTS. Participants shall vest in their Accounts in accordance with the following:
VESTING OF ACCOUNTS. Each Participant shall be one hundred percent (100%) vested at all times in the portion of his Deferral Account derived from Annual Deferrals and gains or losses actually credited to such Participant's Deferral Account.
VESTING OF ACCOUNTS. A Participant shall be fully vested in his ------------------- 401(k), Rollover, Qualified Matching Contribution, and Qualified Nonelective Contribution Accounts at all times. Except as otherwise provided in this Plan, a Participant's Employer Contribution Account shall be vested as specified in the Joinder Agreement.
VESTING OF ACCOUNTS. All amounts credited to a Participant’s Account shall be vested and nonforfeitable upon the earlier of the Participant’s Retirement, the Participant’s Retirement Eligibility Date, upon a Change in Control, or, in the case of any Former MRO Participant, upon an involuntary Termination of Employment (for reasons other than Cause) occurring on or after January 1, 2008; provided that a Participant’s Account becoming vested and nonforfeitable upon a Change in Control shall be expressly conditioned upon such Participant’s involuntary Termination of Employment occurring within two (2) years following such Change in Control. Notwithstanding any other provision of the Plan to the contrary, in the event a Participant’s Termination of Employment occurs prior to becoming vested in his or her Account, all amounts credited to such Participant’s Account shall be immediately forfeited without any right to restoration whatsoever and the Participant shall be deemed to have received a lump sum payment of zero dollars ($0.00) as of his or her Termination of Employment. For purposes of this Section 3.2 and Section 4.2, the term “Cause” shall mean that the reason for the Participant’s involuntary Termination of Employment was (a) willful misconduct involving an offense of a serious nature that is demonstrably and materially injurious to any Employer, monetarily or otherwise, (b) conviction of, or entry of a plea of guilty or nolo contendere to, a felony as defined by the laws of the United States of America or by the laws of the State or other jurisdiction in which the Participant is so convicted, or (c) continued intentional failure to substantially perform required duties for the Employer after written demand to so perform by the Employer (other than a failure due to physical or mental disability). For purposes of determining whether “Cause” exists, no act, or failure to act, on the Participant’s part will be deemed “willful” unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that the Participant’s act, or failure to act, was in the best interest of the Employer.
VESTING OF ACCOUNTS. Except as otherwise expressly provided, each Participant shall be one hundred percent (100%) vested at all times in the amounts credited to such Participant under the Plan.
VESTING OF ACCOUNTS. 5.1 VESTING. A Participant is at all times fully vested in his or her Account. * * * * End of Article 5 * * * *
