Examples of Period of Vesting in a sentence
Notwithstanding the foregoing, if an Employee incurs a One-Year Period of Severance at a time when he or she has no vested interest under the Plan and the Employee does not perform an Hour of Service within 5 years after the beginning of the One-Year Period of Severance, the Period of Vesting Service prior to such One-Year Period of Severance shall not be aggregated.
Period of Vesting: Option granted under ESOP was vested after 18 Months from the Grant date.
Reemployment Commencement Date means the first date following a Period of Severance which is not required to be taken into account for purposes of an Employee’s Period of Vesting Service on which the Employee performs an Hour of Service.
Reemployment Commencement Date means the first date following a Period of Severance which is not required to be taken into account for purposes of an Employee's Period of Vesting Service on which the Employee performs an Hour of Service.
For purposes of determining an Employee’s Period of Vesting Service, the Employee shall incur a Break-in-Service for any Period of Severance of at least 12 consecutive months.
Commencement Date means the first date following a Period of Severance which is not required to be taken into account for purposes of an Employee’s Period of Vesting Service on which the Employee performs an Hour of Service.
Such three-year period is hereinafter referred to as the "Period of Vesting" and each such year during such period is referred to as an "Employment Year." In the event of a Change of Control (as defined in Paragraph 10(b) of the Employment Agreement), the Option shall be automatically fully vested and exercisable, subject to forfeiture to the extent provided in Paragraph 10(c) of the Employment Agreement.
Reemployment Commencement Date means the first date following ------------------------------ a Period of Severance which is not required to be taken into account for purposes of an Employee's Period of Vesting Service on which the Employee performs an Hour of Service.
Thereafter, the Participant will be 100% vested with respect to any undistributed portion of his or her Employer Account and Matching Contribution Account which is attributable to the Employer's contributions made with respect to his or her preceding Period of Vesting Service, and the Vested Portion described in ss.