Fully Vested definition

Fully Vested means the Participant's DSU Value when computed pursuant to Section 2, item R (1) above.
Fully Vested means the following:
Fully Vested means that upon separation from employment with the Bristol Police Department, such employee may elect not to withdraw the assessments paid into the fund by him, and instead to collect, upon reaching the age when he would have been eligible for a normal pension, a retirement allowance based on two and eight-tenths percent (2.8%) of compensation per year of continuous service completed prior to separation from employment. Such percentage shall be applied against his rate of compensation at the time of his separation from employment, and the resulting retirement allowance shall not be increased thereafter for any reason. This Section shall not apply in the case of a discharge for just cause which is not reversed upon appeal or a resignation by an employee who has been informed he is under investigation for an offense which constitutes just cause for discharge, and from which he is not exonerated. For purposes of this section, compensation excludes sick leave payout as it is not applicable.

Examples of Fully Vested in a sentence

  • If a Participant terminates Employment due to a Disability, his or her benefit shall be the Account Balance of all of his or her Accounts determined as a Fully Vested Separation in accordance with Section 5.2 and Section 10.6.2. The Benefit Commencement Date of any such Participant on whose behalf contributions are being made pursuant to Section 3.1.4 shall be as soon as practicable after the date such contributions cease.

  • A Participant's benefits upon his or her Fully Vested Separation for any reason other than Disability shall be the Account Balance of all of his or her Accounts determined in accordance with Section 10.6.2.

  • Subject to Section 5.1.2, a Participant's Benefit Commencement Date shall be as soon as practicable following his or her Fully Vested Separation, Partially Vested Separation or Nonvested Separation, if applicable, and in accordance with Section 5.6. If the Plan includes a CODA feature, each 401(k) Contributions Account of a Participant shall be payable in accordance with the events specified in Section 1.27 of the Plan.

  • In a similar fashion, Employee shall have an option to require the LLC to purchase back his entire Fully Vested Ownership Interest in the LLC at the fair market value of such Ownership Interest as determined pursuant to the terms of this Agreement (the "Put Option").

  • Avi Israeli, the Registered Holder and the Company (the “Agreement”) is terminated prior to the Fully Vested Date, in which case no further Warrant Shares shall vest on or after the date of such termination.


More Definitions of Fully Vested

Fully Vested means that, with respect to a Profits Interest Unit, both (A) the continued Service and (B) the TSR Value performance condition applicable to such Profits Interest Unit has been satisfied.
Fully Vested means that, with respect to an RSU, both (A) the continued Service and (B) the TSR Value performance condition applicable to such RSU has been satisfied.
Fully Vested means that upon separation from employment with the Bristol Fire Department such employee may elect not to withdraw the assessments paid into the fund and instead upon reaching the age when he/she would have been eligible for a normal pension collect a retirement allowance based on two and eight tenths percent (2.8%) of compensation per year of continuous service completed prior to separation from employment. Such percentage shall be applied against the rate of base compensation at the time of separation from employment and the resulting allowance shall not be increased thereafter for any reason. Compensation shall be defined to mean the annual rate of the base salary for the employee’s rank and step, as set forth in the applicable collective bargaining agreement (if any). This section shall not apply in the case of a discharge for just cause which is not reversed upon appeal or a resignation by an employee who has been informed he/she is under investigation for an offense which constitutes just cause for discharge and from which he/she is not exonerated. For purposes of this section, compensation excludes sick leave payout as it is not applicable.
Fully Vested except as provided in this Section 2(c). As of any Vesting Date, that whole number of the At-Risk Phantom Shares shall be forfeited to iStar whose "Fair Market Value" (as defined below) most nearly equals 12.5% of the excess of (x) the Cash Equivalent of the Award Shares that become Reimbursable Vested Shares on such Vesting Date over (y) the Tax Benefits in respect of such Reimbursable Vested Shares. Xxxxxxxx shall become "Fully Vested" in all of the At-Risk Phantom Shares that have not previously been forfeited pursuant to this Section 2(c) on the first day on which BOTH of the following criteria have been satisfied: (x) such At-Risk Phantom Shares have become "Fully Vested" pursuant to any of clauses (i) through (viii) of Section 4(d) of the Xxxxxxxx Employment Agreement AND (y) it is no longer possible for any additional Award Shares to
Fully Vested. Separation: Termination of Employment, by reason other than death, of a Participant whose vested percentage in each Employer Account is 100%.
Fully Vested means, in respect of an Optionholder who was, as of January 2, 2004: an Eligible Recipient, that all of the Medical Options received on the Arrangement by such holder shall be fully vested; or not an Eligible Recipient, that the Medical Options received on the Arrangement by such holder shall have vesting provisions that are substantially identical to the vesting provisions applicable to the Options being exchanged by the holder on the Arrangement. Notwithstanding the previous sentence, in the event the terms of the Options exchanged by such holder on the Arrangement provide for a period of time (the "Grace Period") after the holder ceased to be eligible to receive Options under the Option Plan (by reason of ceasing to be an Eligible Recipient or otherwise) during which vested Options could be exercised, such holder shall be entitled to exercise any Medical Options received on the Arrangement that vest, by their terms, within the Grace Period;